The cost of transcranial magnetic stimulation (TMS) therapy can vary depending on several factors. A common question is, “Is TMS covered by insurance?”. Generally speaking, medical insurance companies will cover treatments as long as they are deemed medically necessary. The good news is that since 2009, TMS has been FDA-cleared for treatment-resistant depression, considered medically necessary, and is now covered by most major insurance companies.
The approval of TMS insurance coverage also depends on each patient’s policy and benefits. However, there are some general criteria to keep in mind. TMS is generally covered for major depression treatment. It is also covered for treating obsessive-compulsive disorder (OCD) and smoking cessation.
Don’t assume that you won’t be able to pay for TMS therapy or get your insurer to cover the cost. Our team at Neuro Wellness Spa is experienced in working with health insurance companies to help you meet their requirements.
How Much Does TMS Therapy Cost With Insurance?
Once insurance companies have approved a patient for TMS treatment, there can be some additional costs depending on the patient’s deductible, copayments, and annual out-of-pocket maximum. Depending on your insurance coverage, you may pay as low as $0 a session.
Which Insurance Companies Do We Work With?
At Neuro Wellness Spa, we understand how important it is that those seeking help can get the treatment they need. Here are just some of the health insurance companies we work with:
There are also several financing options available to help make TMS treatment more affordable. So, if you’re considering TMS therapy as a treatment option, be sure to explore all of your options to find the best possible solution for you.
What is TMS Therapy?
TMS therapy is a non-invasive, FDA-approved treatment for depression, OCD, cigarette cessation, and other mental health conditions. It is twice as effective as oral medications and works in 2 weeks compared to the 6-8 week onset time of traditional oral antidepressants.
How Does TMS Therapy Work?
TMS technology is not as new as you might think. TMS therapy works by using gentle magnetic pulses to treat mood at the source. These magnetic pulses stimulate the neurons in the areas of the brain that are responsible for mood regulation, which can help to improve symptoms of major depressive disorder and OCD.
What Are the Benefits of TMS Therapy?
There are a number of benefits associated with TMS therapy. TMS therapy is a non-invasive, FDA-approved treatment option that does not require medication. In addition, transcranial magnetic stimulation therapy is an effective treatment for a variety of mental health conditions, including severe depression, anxiety, and OCD. In addition to treating depression symptoms, TMS therapy has also been indicated to treat other mental health disorders such as post-traumatic stress disorder, dementia, Alzheimer’s, bipolar disorder, and more.
TMS therapy is also a very convenient treatment option. The treatments are typically short, lasting only 20 minutes. In addition, TMS therapy is administered on an outpatient basis, which means that you can get back to work, school, or life right away.
What are the Risks Associated with TMS Therapy?
There are very few risks associated with TMS therapy, and these risks are typically mild and temporary. TMS therapy’s most common side effects are temporary and mild: headaches or scalp discomfort during active treatment.
Is TMS Therapy Right For You?
TMS therapy is not for everyone, and it is important to speak with your psychiatrist to see if this mental health treatment is right for you.
Some health conditions that may preclude you from being eligible for TMS therapy are:
- Untreated epilepsy
- Have a pacemaker or implanted device that you cannot turn off
- Ferromagnetic metal in or around the head
- Active substance abuse
How Much Does TMS Therapy Cost?
TMS treatment costs will vary depending on several factors, including your diagnosis, your mental health history, and your insurance coverage.
In most cases, TMS therapy costs are fully covered by insurance. An entire treatment course can cost between $5,000 and $10,000 without insurance coverage. Today, most insurance companies cover the cost of TMS therapy for depression and obsessive-compulsive disorder.
When evaluating TMS treatment costs, it’s also important to consider the cost of psychiatry in general. Before starting TMS treatments, a patient must meet with a psychiatrist who will perform a psychiatric evaluation to diagnose a mental health condition and determine eligibility for TMS therapy.
Alternative Treatments for Depression
Depression is a serious mental illness. It’s not just feeling “down” or “sad” for a few days. Depression is a persistent feeling of sadness, hopelessness, and/or fatigue that lasts for weeks or even months. While there are many effective treatments for depression, many people do not respond fully to first-line treatments, including oral medications and talk therapy. If you’ve tried other treatments and are experiencing lingering symptoms or unwanted side effects, you’re not alone. TMS might be your next step.
If you are interested in exploring an alternative therapy for your depression, speak to your doctor or a mental health professional to see if it could be right for you.
Starting TMS Therapy in California
There are many effective treatments for depression, including medication management, talk therapy, and TMS therapy. The most important thing is to find a course of action that works for you and your treatment goals.
If you are concerned about the total cost of TMS therapy, contact Neuro Wellness Spa today. We accept most major commercial insurance policies and have performed over 140,000 TMS sessions covered by insurance. We will work with you and your insurance plan so that you will know what the cost – if any at all – will be before even coming in for your consultation!
If you are not insured or have a plan that does not cover Neuro Wellness Spa, we can work out highly competitive cash pay scenarios within the industry to ensure our patients get the treatment they need.
If you or a loved one is struggling with depression, anxiety, OCD, or another mental health condition, call Neuro Wellness Spa to see if TMS therapy or any one of our other effective mental health treatments is right for you.