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Insurance coverage for therapists

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What is the difference between a therapist who is on an insurance panel and a private fee practice? Do you think it is important for therapists to belong to insurance panels (accept insurance)? Why or why not? What are some of the common challenges of starting a private practice?

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This solution discusses the importance of therapists accepting insurance coverage.

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Insurance coverage for therapists usually allow for a limited number of sessions you are covered for and who you can see. Therapists that are covered by insurance often require the patient to pay a small fee as a co-payment. Therapists who have a private fee practice accept payment directly from the patient. Many will accept sliding scale payments: what you can affors to ...

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