Three Top Mental Health Insurance Providers

Insurance coverage for mental health issues is constantly improving. Prior to 2010, insurance companies typically paid 80 percent of the cost for seeing a primary care doctor and approximately only 50 percent of the cost for visiting a psychologist.

Thanks to recent laws, these statistics have improved. A private insurance plan must now provide equal coverage for both physical and mental health services. However, although the coverage has gotten much better, mental health services can be expensive. Even with insurance, the burden of having to pay the costs can cause extra stress for people who are already dealing with stressful mental health problems. You need to make sure the insurance company you go with is affordable while offering adequate coverage.

The best mental health insurance providers offer a variety of plans, so you have plenty of options to choose from and get a plan best suited to your needs. The best insurers are also reputable and reliable. The three insurance providers in this article are the best for mental health policies and services. Be sure to compare each one’s terms before you enroll in a plan.

What do mental health insurance policies cover?

Due to new insurance laws, all insurance plans with mental and behavioral health benefits must cover specific services. However, your particular benefits depend on the health plan you choose and the state where you live. Typically, plans cover:

  • Mental and behavioral health inpatient services.
  • Behavioral health treatment, such as counseling and psychotherapy.
  • Treatments for substance use.

Although the law now states substance abuse services must be included in mental health insurance benefits, many insurance seekers still struggle to get coverage for these services. If this happens to you, do not let your insurance company turn you away when you require treatment for addiction.

When comparing health insurance policies to find the best one for you, make sure the policy you select includes the above benefits. Additionally, you need to check what else is included in the policy. It is crucial you check:

  • How often you can get treatment.
  • How many days you are allowed to stay in hospital.
  • The highest total amount you can ever be required to pay during the policy period, which is known as your out-of-pocket maximum.
  • The fixed amount you are required to pay for a service, which is known as a copayments.
  • Your share of the payment for a service, which is known as the co-insurance.
  • The amount you are required to spend before your insurance company begins to pay for certain services, which is known as the deductible.

Related Article: Common Misconceptions About Mental Health and Mental Illness

If you have questions about the mental health coverage of your insurance plan, study the plan’s enrollment materials to see what the coverage levels are for all of your benefits. Insurers are required by law to provide you with a summary of your health care coverage. If you have concerns or queries about the coverage of your plan, you can contact your insurance company or your state’s Consumer Assistance Program to get help.

Aetna

Aetna was founded in 1853 and has since become one of the largest health care insurance providers in the United States. Its network currently has more than 664,000 doctors and specialists. You can easily find a plan to suit your own mental health needs. Here are some of the most popular mental health insurance plans available from Aetna as of writing:

  • Health Maintenance Organization Plan (HMO). This is the least expensive plan and offers basic insurance coverage. It includes low deductibles and premiums as well as fixed copays.
  • Point of Service Plan (POS). This plan is like an HMO plan, but it requires your primary care physician to provide you with referrals to his or her network of specialists. Unlike the above plan, the POS plan covers in-network and out-of-network physicians. Although this plan costs more than the HMO plan, it also gives you more flexibility.
  • Preferred Provider Organization Plan (PPO). Although this is more expensive than the above two policies, you have the option of selecting in-network or out-of-network doctors without requiring referrals. You can also set copays and pay minimal insurance costs.
  • High Deductible Health Plan. This plan has lower premiums, but it has higher deductibles and annual out-of-pocket maximums. You can enroll with a health savings account in order to use pre-tax dollars for your medical expenses.

Cigna

Cigna offers a variety of policies to suit your individual needs for mental health care insurance. The company even offers telehealth visits, so you can talk to a doctor online or on the phone when you need to. Cigna also offers customer service support around the clock. You can receive free annual checkups and health screenings as well. However, coverage for checkups and certain health screenings is now required under every insurance company. In addition, Cigna helps you find out if you qualify for financial assistance through tax credits or other medical resources, making it an excellent choice for lower-income insurance seekers.

Cigna also offers free seminars and resources about behavioral awareness for children and families. These are perfect if you want to learn more about behavioral mental health issues and receive expert advice on how to handle the challenges of behavior problems. Seminars and resources include helpful information on issues like depression, anxiety and more.

United Healthcare

A variety of insurance plans suitable for people with mental health issues can be found through United Healthcare. There are short-term health insurance plans to suit your individual needs and budget. These are perfect if you want a temporary flexible health insurance plan. Alternatively, you can sign up for the Health ProtectorGuard plan. This plan comes with fixed indemnity insurance. This means it pays set amounts for the available medical services. With the Health ProtectorGuard plan, you can:

  • Apply benefit payments towards the deductible of your health plan.
  • Help to pay for your share of diagnostic or laboratory costs.
  • Get money to meet prescription drug copays.
  • Have funds for unforeseen expenses.
  • Be paid, regardless of other insurance coverage.
  • Choose your doctor.
  • Choose your health facility.

Related Article: How to Find Mental Health Help for Yourself

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