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Insurance Coverage for Psychedelic Treatment: Breaking Down the Costs and Access
Legal psychedelic treatment doesn’t mean much if no one can afford it. The cost of psychedelic-assisted therapy is undoubtedly high, and ensuring equitable access is one of the issues the industry strives to solve. The big question here is— will insurance cover the cost of treatment? The short answer is yes and no. The long answer is a bit more complicated. Does Insurance Currently Cover Psychedelic Therapy? The answer for this one is mostly no, with a tiny bit of yes. Insurance will only cover the cost of drugs that are FDA approved. As a result, the only psychedelic currently…