432: How to Make Therapy More Affordable

How can I make therapy more affordable if my insurance doesn't cover it?

This week, I continued my conversation with financial therapist Lindsay Bryan-Podvin. Unlike last week's discussion in ep.430, where we explored why many therapists in the U.S. don't accept insurance, this time Lindsay offers insights on making therapy and mental health services more accessible through reimbursements, mental health programs, and employer-offered initiatives. All the resources Lindsay mentions in this episode will be linked below and a lot of them were new to me, so I’m so happy to be able to share them with all of you!

Resources Mentioned

- The Mental Health Parity and Addiction Equity Act (MHPAEA) states that financial cost-sharing requirements for mental health/substance use disorder benefits (such as deductibles, copayments, coinsurance, and out-of-pocket limitations) must be the same as those for physical health care. (E.g., if you have a $20 co-pay for physical therapy, you should have a $20 co-pay for mental health therapy)

- Mentaya is one of the services I mentioned that facilitates reimbursement if you have a therapist who's out of network. Advekit is another similar service.

- How to Get Reimbursed for Therapy. I wrote this post to help people understand their Superbills and how to increase their reimbursement from their insurance provider when their therapist is "out of network."

Other episodes with Lindsay: 327, 328, 343, 430

Connect with Lindsay

Website | Instagram | Twitter | Her book, "The Financial Anxiety Solution" | Money Personality Quiz

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