Therapy FINAL COPY2 - Copy.docx - Running head DOES INSURANCE COVER THERAPY Does Insurance Cover Therapy Student’s Name Institution Affiliation 1 DOES

Therapy FINAL COPY2 - Copy.docx - Running head DOES...

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Running head: DOES INSURANCE COVER THERAPY? 1 Does Insurance Cover Therapy? Student’s Name Institution Affiliation
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DOES INSURANCE COVER THERAPY? 2 Does Insurance Cover Therapy? In the issue of our health concern, mental health is much important as physical health. But many insurance companies are not seeing it in that perspective. This is evident at the past where many insurance companies used to provide better physical illness coverage as opposed to mental health disorders. However, things have changed with the introduction of Federal Parity Law which was passed in the year 2008 which was meant to cover services such as mental health and behavior of health and use of substance. The law of parity also covers some of non-financial treatment limits. The law eliminates number of mental health visits although it does not prevent the insurance companies from exercising the limits. Many people are not yet aware whether the law exists and how it affects their well being as it has been found that a large number of Americans are not familiar with the health parity law. Some of the government insurance programs and plans are exempted from the law of parity. Medicare is not subjected to the federal parity. Apart from Medicare and Medicaid, there is federal marketplace plan and employer based plan. Medicare provides health insurance for Americans who are sixty five years and above. It in addition provides health policies to younger Americans with some physical impairment and this is ensured by the administration of social security as well as people suffering the final stage of renal disease. Medicare is funded by a combination of a payroll tax, premiums and taxes from beneficiaries and the revenue generally. Medicare is sub-divided into two parts. Medicare part A covers hospital, skilled nursing after someone has been admitted in hospital for three days and hospital services. Part B deals with outpatient services including some service providers while the inpatient is at the hospital.
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DOES INSURANCE COVER THERAPY? 3 We also have federal marketplace plans that help people to shop at and register in affordable insurance policy. Research shows that Medicaid has improved the financial security of the citizens. However, there is contradiction on whether Medicaid really improves health outcomes although the evidence says it improves. Small businesses can use the program of marketplace to provide insurance of health to the employees. Then lastly is the employer based plan. It is the insurance that is taken by employers to cover their employees. The federal government subsidizes it in part through exclusion of tax for employers’ contributions to employee health insurance plans.
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  • Summer '17
  • dwasi

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