An estimated 14.8 million Americans experience major depression. Not everyone can successfully recover from the illness using conventional antidepressant treatments.
Depression, and anxiety to another extent, makes the lives of those affected by it difficult to enjoy to the fullest. Relatives of those suffering from the illness often feel helpless as they look to their loved ones with sadness. If all other treatments have failed, then it’s time to explore the possibility of TMS therapy.
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Transcranial Magnetic Stimulation Cost
TMS cost is probably one the biggest mystery about this new therapy. The duration of the treatment varies for each patient, so does it costs.
Because of its groundbreaking methods and proven efficacy, TMS therapy isn’t always going to come cheap. Like other specialized treatments, the average TMS therapy can range from $8,000 to $10,000. But more luxurious clinics can cost even more. Then again, patients can see a remarkable improvement in their health thanks to TMS.
Undergoing TMS therapy can also cost more than money, as it has its own fair share of intangibles. These include time and effort in the part of the medical provider. Two of the most common are as follows:
- Helping patients reach requirements for health insurance claims
- Offering payment options to make TMS therapy affordable for everyone
Do health insurance companies cover TMS therapy cost?
When it comes to the cost of TMS therapy, it will eventually lead to the golden question of “Will health insurance cover it?” The answer will greatly vary. The health insurance industry is a dynamic platform where coverage and qualifications change from time to time.
Health Insurance Coverage
Today, many insurance companies create policies that cover TMS therapy. However, coverage and payments can vary depending on the patient’s specific health plan. Not all health care plans cover behavioral treatment plans with TMS listed as an available procedure. The best way to know is to contact the health insurance company to confirm their coverage, benefits, and eligibility for TMS.
Some insurance companies do not offer monetary payout for TMS therapy but changes in recent years make allowance for the treatment. Calling the insurance company may shed light on whether the they will cover the whole or partial cost of TMS treatment.
Before enrolling in the initial TMS therapy assessment, make sure to take note of these points:
- Confirm with insurance for specific coverage details regarding TMS treatment
- Ask whether they can cover the full amount of treatment
- Check if the patient may need to pay the full amount before being reimbursed
Why Choose TMS Therapy?
Recent studies show the cost-effectiveness of TMS therapy versus conventional medications for treating depression. Patients display great improvement undergoing TMS therapy despite unsuccessful medicated attempts in the past.
About 85% of patients who failed using antidepressant medications will suffer a relapse within the next 10 years or so. Even though TMS treatment may initially cost more compared to medications, it still is economical for the patient in the long run.