Sponsor A Hero
Here’s a breakdown of statistics and information regarding the personal cost of seeking mental health therapy, reflecting what an individual might experience:
1. Average Cost Per Session: An individual can expect to pay between $75 and $250 for a single therapy session, depending on the therapist’s qualifications, location, and type of therapy offered.
2. Monthly Expenses: If attending therapy once a week, a person could spend between $300 and $1,000 per month on mental health treatment.
3. Annual Costs: Over the course of a year, if attending therapy weekly, an individual might incur costs ranging from $3,600 to $12,000, depending on session rates and frequency.
4. Insurance Co-Pays: For those with insurance, co-pays can vary from $20 to $100 per session. This means an individual may still pay up to $1,200 to $5,200 annually if attending weekly sessions.
5. High Deductible Plans: Many insurance plans have high deductibles for mental health services, meaning individuals may initially pay for the full cost of therapy until their deductible is met, which can be $1,000 or more.
6. Out-of-Pocket Expenses: According to statistics, an individual may pay around $500 to $1,500 out-of-pocket each year for mental health therapy, particularly if they are underinsured or uninsured.
7. Impact of Unmet Needs: About 29% of individuals with mental health disorders cite "not being able to afford treatment" as a reason for not seeking help, which signifies the financial barriers many face.
8. Crisis Situation Costs: If an individual experiences a mental health crisis requiring emergency room treatment, the cost can be around $2,000 per visit.
9. Tele-therapy as an Alternative: While tele-therapy can offer lower costs, individuals may still pay $60 to $150 per session, potentially leading to $3,120 to $7,800 annually for weekly sessions.
10. Long-term Financial Impact: Individuals who do not seek therapy may face the risk of untreated mental health issues leading to lost productivity or additional healthcare costs. For example, untreated depression can reduce work performance and lead to an estimated financial impact of up to $200 billion per year due to lost productivity for the U.S. economy.
These statistics reflect how individual financial burdens can affect the decision to seek mental health care, highlighting the necessity for programs like Sponsor A Hero which aim to alleviate these costs and support those in need. While $25 a month doesn't seem like a lot, think of how much you spend on subscriptions and other items throughout the month. Supporting A Hero is the perfect way for you to make a difference in the lives of those who protect you in your times of crisis. Please, help them in theirs.