How does health insurance cover depression?
If you have been officially diagnosed with a mental or anxiety disorder, there are several options for you within health coverage plans:
If I’m covered with my work plan, will my employer find out about any screenings or diagnoses?
An employer can only receive medical records at your permission, and should you decide to share your information you are allowed to review the records before they are sent out.
What if I’m diagnosed before applying for health coverage?
Different diagnoses imply different levels of risk for health insurance companies. Below are how some of the more well-known disorders are looked upon:
In general, a certified health disorder poses a certain level of risk for underwriters to consider and may result in higher premiums. Given the variety of disorders, and recent ACA changes, this will vary from company to company. This is something your insurance agent will look into for you.
How will a depression/anxiety diagnosis affect my life insurance?
Mental disorders are dicier when it comes to life insurance policies than when it comes to health insurance coverage. The link between mental disorders and suicide is the prime risk factor.
In general, cases are surveyed on levels ranging from mild to extreme, and like with health insurance underwriting, the milder the case the more likely you are to receive coverage. (This is surmised through additional questions posed by your underwriter, such as whether or not you have received recent hospitalization due to issues pertaining to the mental disorder, how often you have missed work, etc.).
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We don’t have to tell you that one of the heavier considerations of dealing with a mental disorder is considering, weighing, and purchasing drug prescriptions to help regulate anxiety and depression. Fortunately, our agents relish in combing through the internet for the best deals available.
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Thankfully, depression and anxiety are not personality traits. Depression and anxiety, instead, are treatable health issues.
If you have not been diagnosed with a mental disorder but are concerned that you have several side effects, a doctor’s diagnosis will simply give you access to certain medications. However, the penalties that this may have on certain employment options (such as the armed forces) and possibly higher premium rates are to be noted.
Also note that depression screenings are free with most insurance plans, and there are several non-prescription paths to attempt to alleviate depression and anxiety before you take that final step. Please consult your doctor if you have further concerns.
We hope that you have found this article helpful and we wish you peace and clarity throughout your day. If you have any questions on health and life coverage, please feel free to contact us!