If you suffer from any kind of mental disorder, you probably know all too well the lengths insurance companies will go to in order to deny legitimate claims. Many insurance companies do not offer mental health coverage because they do not want to lose money. Health insurance companies particularly hate antidepressants, however. For example, a simple Prozac prescription affects not only your mental health coverage, but also every other aspect of your health insurance. Insurers often assume that people who take antidepressants are suicidal or have serious illnesses that put both themselves and others at risk. Antidepressants affect your premiums and deductible and can also affect your life insurance policy. Why are insurers so afraid of mental disorders?For insurance companies, whether or not they decide to insure a particular condition or medicine is a business decision. Insurers make money by creating a large pool of healthy people. These people are unlikely to need any medical help, but their premiums still create revenue for insurance companies. People who are on antidepressants, on the other hand, are generally considered high-risk because depression can be a sign of other, more serious disorders. Mental disorders also require lifetime treatment, which makes providing mental health coverage too costly for many companies to consider.Although many insurance companies shy away from providing mental health coverage, you can still find a good insurance plan if you spend some time looking. The best option is to enroll in some sort of group plan, such as an employer-sponsored health insurance package. These plans take anyone who qualifies and do not include pre-existing condition exclusion periods. If you cannot find a group plan, try to find an individual insurance plan that does not treat depression as a pre-existing condition and that provides adequate coverage. This type of company does exist, but you might have to do some research.Fortunately, you will not have to struggle to find mental health coverage for too much longer. The Mental Health Parity and Addiction Equity Act, passed in 2008, requires group plans with existing mental disorder coverage to expand their benefits. Coverage for mental disorders will now be the same as that provided for other types of procedures and conditions. Another new reform law will require insurers to provide basic coverage for mental disorders for all insurance packages sold through state exchanges. These two laws will significantly expand coverage and make the task of finding adequate coverage much easier.If you need assistance in locating particular coverages at a pre-determined price, we can help you save up to 50% on your health insurance.
For people who need mental health care, insurance is often an afterthought. Until recently, it was difficult to even find insurance providers who were willing to give people the coverage that they needed when it came to healthcare issues of the mind. Fortunately, between state laws and a better understanding of mental health, insurance companies have been put in a position to offer this coverage to their customers as part of their included insurance coverage. With some health insurance plants the coverage is automatically included, but other plans will require separate enrollment and payment of premiums to provide mental health coverage.Mental health coverage can be purchased by itself or with a physical health insurance policy. You need to check out different insurance companies and see what they have to offer. If you already have physical health insurance coverage, adding mental healthcare services to that insurance is probably a cinch. Of course, you have to make sure that the coverage is worth adding for the cost and that you are getting the treatment and care that you deserve. If you live in a state with laws regarding psychological health insurance, it will be easier for you to find coverage than if you lived elsewhere.Mental health coverage is designed to cover counseling and other services that involve mental health professionals. Typically, a policy will offer coverage for a certain number of visits each year, as well as expense coverage to help pay for those visits. While some companies might offer 100% included services, most give you mental health visits with 50-80% coverage, leaving the rest as your copayment, which is usually due at the time of service. While many people are looking for professionals who accept payments on a sliding scale because of the high cost of mental health services, insurance can make it easier to choose a professional because of their qualifications instead of their costs.You should check to make sure that the psychological coverage that you get doesn’t require a referral from a doctor or employee group plan, as well as whether you are required to choose from a preferred list of professionals in the mental health field. It is important to note the number of visits that you are given each year, whether you pay a separate deductible, and the exclusions on your psychological health coverage. As long as you are able to step back and look at these elements, it should be easy to get the coverage that you deserve.If you need assistance in locating particular coverages at a pre-determined price, we can help you save up to 50% on your health insurance.