Depression is a serious illness that affects a growing number of Americans, including seniors. The good news is that depression can be managed with the proper care. In the first half of this series, we talked about some of the contributing factors for depression. We also talked common indications that you might need to reach out to a medical professional for help. In this second half, we will talk about how you can use Medicare Supplement plans to help you fight back against depression.
Original Medicare
Since 2012, Medicare Part B has covered one depression screening per year. This screening is entirely free if your doctor accepts assignments. The screening must be carried out by a doctor in a primary care facility, however they have the ability to write a referral to a mental health specialist if needed.
Part B also covers outpatient services, like psychiatrist or clinical psychologist visits — again, so long as the doctor accepts assignments. For these services, you will have to pay a copay or coinsurance of 20% of the Medicare-approved amount.
Medicare Supplement Insurance Options
There are a number of benefits to owning a Medicare Supplement insurance policy. For starters, plans available in your state often help cover your copays and coinsurance.
Medicare Supplement insurance plans differ by allowing you to choose a plan better suited to your specific needs. If you have a history of mental illness, then you may choose to invest in a plan that has broader coverage of mental health-related charges.
Depression is one of the most difficult illnesses to diagnose and treat. But knowing what to watch out for and what resources are available to you will give you a big advantage.
Disclaimer: Neither Bankers Fidelity Life Insurance Company® nor its Medicare Supplement policies are affiliated with or endorsed by the U.S. Government, the federal Medicare program, or the Centers for Medicare and Medicaid Services. This is a solicitation of Medicare Supplement insurance and an independent agent may call on you.
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