Transcranial magnetic stimulation (TMS) therapy is a popular, effective choice for the treatment of major depressive disorder, obsessive-compulsive disorder, and anxious depression. This treatment is particularly beneficial for people who have not had success with other therapies in the past. NeuroStar TMS therapy may offer hope to those who have not yet found relief. One barrier that you may be thinking about is the cost.
Read on to learn more about the factors that affect how much your NeuroStar TMS sessions may cost.
Yes, most insurance companies cover NeuroStar TMS therapy. Chrysalis Psychiatry accepts Medicare, Tricare, Medicaid, and employer-sponsored and independent insurance companies, including Aetna, Anthem, Blue Cross Blue Shield, Humana, Kaiser Permanente, and United Healthcare.
This widespread coverage of NeuroStar TMS therapy shows that insurance companies trust that this treatment can produce positive results. Insurance coverage ensures that TMS treatments are accessible to more people and makes this mental health treatment available without a hefty price tag to the patient.
It is important to note that insurance coverage and eligibility can vary by specific plan. Many companies have certain pretreatment requirements that clients must meet before qualifying for coverage. It is common for insurers to require that patients first attempt other treatments, such as antidepressants and/or psychotherapy. Many will request documentation that you have tried two different types of antidepressant medication without success prior to approving coverage for NeuroStar TMS therapy.
While insurance coverage significantly lowers the fees for TMS sessions, there are still some additional factors to consider. You may be responsible for some of the cost. Some insurance companies, such as Medicare, provide 100% coverage of NeuroStar TMS treatment, while others cover most of the cost but require a copay. With insurance, the copay for each TMS session typically ranges from zero to $70. Without insurance, the cost for one session can be $300 to $500.
Another factor affecting the price of NeuroStar TMS treatments is your insurance plan’s deductible. Insurance may not begin coverage until you meet the deductible. If you do need to pay out of pocket, you may use a health savings account (HSA). The tax advantage of using an HSA can help ease some of the cost.
We recommend that you verify insurance coverage with your carrier before scheduling NeuroStar sessions. Gather any necessary medical documents and ask your insurer about the expected copays, deductibles, or additional costs associated with your specific insurance plan.
If you need help navigating these financial inquiries, one of our team members at Chrysalis will also be happy to assist you, and get you answers about coverage and cost.
For those who have not yet found relief in their struggle with mental health, NeuroStar TMS treatments may be a good option. Insurance coverage lowers the cost of TMS therapy, making it a widely accessible solution for symptom relief. Learn more about NeuroStar TMS by scheduling an initial consultation at Chrysalis Psychiatry today.
