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What mental health parity means for your insurance coverage

The article from MSN discusses the concept of mental health parity, which refers to the legal requirement for insurance companies to provide equal coverage for mental health conditions as they do for physical health conditions. This principle was established to address the historical disparity where mental health services were often covered less comprehensively or not at all compared to physical health services. The Mental Health Parity and Addiction Equity Act (MHPAEA) of 2008 in the U.S. mandates that health plans cannot impose less favorable benefit limitations on mental health or substance use disorder benefits than on medical/surgical benefits. This includes aspects like financial requirements (e.g., copays, coinsurance), treatment limitations (e.g., number of visits), and out-of-network coverage. The article explains how this parity affects insurance coverage by ensuring that individuals with mental health issues have access to necessary treatments without facing discriminatory barriers, thereby promoting better mental health care access and reducing stigma associated with mental health conditions.

Read the Full Stacker Article at:
[ https://www.msn.com/en-us/health/mindandbody/what-mental-health-parity-means-for-your-insurance-coverage/ar-AA1ACxff ]