430: Why Won’t My Therapist Accept My Health Insurance?

Hey, I'm Chris.

I'm a former Analyst, Podcaster, and Producer. My goal is to help you understand your finances better in about the time it takes to make a bag of popcorn!

One of the best investments I ever made was starting therapy a few years ago. Unfortunately, in the U.S. most of us are paying out of pocket because many therapists don’t accept insurance. I wanted to get to the bottom of why this is so common, so I asked financial therapist Lindsay Bryan-Podvin to come back on the show to give us all a peek behind the scenes.

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)

Other episodes with Lindsay: 327, 328, 343

Connect with Lindsay

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

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