Mental Health Insurance Coverage Statistics

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Mental Health Insurance Coverage Statistics

In many parts of the United States, access to mental health care is still lacking. Despite a high demand for these services, limited options and lengthy wait times are often the norm.

People with mental health problems are more likely to lack insurance coverage and may struggle to locate a psychiatrist who accepts Medicaid. The Affordable Care Act’s expansion of Medicaid has helped reduce these barriers, but more work needs to be done.

Unfortunately, less than half of Americans who suffer from mental health disorders receive effective treatment. This disparity is especially stark among black individuals who are less likely than whites to see a mental health professional.

According to a report released by the National Institute on Minority Health and Health Disparities (NIMHD), one major reason why mental health professionals struggle with working with primary care doctors is that they lack training in this area. This can result in inadequate coordination of care and missed opportunities for treatment.

Additionally, many patients struggling with mental health issues worry about their financial ability to pay for treatment. This may cause them to put off seeking help or not seek any at all.

The primary obstacle to receiving mental health treatment is cost. But many people have found ways to afford their treatments; some utilize teletherapy and other telehealth services, or have a family member who can cover the bill.

One way to circumvent financial worries is by selecting a mental health insurance plan that covers an array of services. This way, you can ensure your needs for both inpatient and outpatient therapy – which are essential in treating mental health conditions.

When selecting a mental health plan, it’s essential to compare the providers in your area and the services each offers. You want a company with an extensive network of providers as well as virtual appointments so you can access care from anywhere.

Through Medicare, the federal government covers a range of treatment services for mental health conditions. This includes preventive screenings, psychological counseling and outpatient treatment programs; however, certain restrictions apply.

Commercial insurance companies offering mental health plans include Oscar, Aetna, Blue Cross Blue Shield and Kaiser Permanente. Each provider offers various plans in your area so you should have no problem finding one that works for you.

Some employers, such as schools, offer mental health benefits to their employees. These policies tend to be more cost-effective than other types of medical insurance and offer comprehensive coverage.

The Mental Health Parity Act of 1996 has made changes to medical care plans that offer both mental health and medical-surgical benefits, such as lifetime and annual dollar limits on inpatient and outpatient services, more equitable. Unfortunately, other mental health-related coverage restrictions remain in place such as higher deductibles/coinsurance amounts or prescription drug limitations.

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