Mental Health Will Get Same Co-Pays and Deductibles As Other Treatments

What's Hot

Do This or Your iPhone Bill May SkyrocketSave

23 Upgrades Under $50 to Make Your House Look AwesomeAround The House

Trump Worth $10 Billion Less Than If He’d Simply Invested in Index FundsBusiness

11 Places in the World Where You Can Afford to Retire in StyleMore

What You Need to Know for 2017 Obamacare EnrollmentFamily

8 Things Rich People Buy That Make Them Look DumbAround The House

32 of the Highest-Paid American SpeakersMake

Amazon Prime No Longer Pledges Free 2-Day Shipping on All ItemsMore

More Caffeine Means Less Dementia for WomenFamily

9 Tips to Ensure You’ll Have Enough to RetireFamily

30 Awesome Things to Do in RetirementCollege

5 Spots Where Retirees Can Live for Less Than $40,000Real Estate

10 Ways to Reduce Your Homeowner’s Insurance RatesFamily

10 Ways to Pull Together the Down Payment for a HomeCredit & Debt

Chew on This: The Story Behind Your Hershey’s Halloween TreatsBusiness

Insurers warn that the new federal rule could push premiums up, but for those with mental illness it may mean greater access and better treatment.

You can call this one Bushcare. Or at least Bush-Obamacare.

A 2008 law called the Mental Health Parity and Addiction Act, passed under President George W. Bush, required that mental illness be treated the same as other kinds of illness. On Friday, the Obama administration announced a new rule related to that law.

“The rule guarantees that health plans’ co-payments, limits on visits to providers and deductibles for mental health benefits match those for medical and surgical benefits,” NBC News says. “It also ensures equal treatment for residential and outpatient care, a long-sought benefit in the mental health community.”

Insurers argue that it’s difficult to make an apples-to-apples comparison between physical and mental illnesses, and that the rule could increase premiums, USA Today says. Mental health experts have countered that earlier detection would lower costs in the long term and help people live more productive lives.

The new rule is not directly related to the Affordable Care Act, but there is a synergy between the two laws. “People with pre-existing mental conditions like attention deficit hyperactivity disorder or depression will no longer be denied insurance coverage — and under Obamacare, a mental illness diagnosis will no longer trigger a potential loss of coverage,” CNN says.

Health and Human Services Secretary Kathleen Sebelius called the rule, combined with Obamacare, a “historic expansion [that] will help make treatment more affordable and accessible” for the mentally ill.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!


Read Next: 7 Ways to Save More at Big Lots

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,731 more deals!