Transcranial Magnetic Stimulation-TMS, was approved by the FDA for treating treatment resistant major depression in 2008. Currently, all insurance companies (outside CO Medicaid) now cover
TMS for treatment resistant major depression. Additional indications for TMS are growing and coverage likewise will continue to increase in the future. Some insurers also cover other treatment resistant conditions such as OCD (which now has FDA approval for TMS use as an augmentation treatment). TMS treatment costs can be quite affordable depending on insurance coverage, copays and coinsurance amounts for your plan, and any deductible met for the year. Treatment is sometimes fully covered by insurance or a small copay may be owed at each treatment. We provide free estimates for cost of care prior to treatment initiation.
Inspire TMS Denver also provides sliding scale self-pay rates for individuals that may pursue off-label treatment or not qualify for insurance coverage. We only provide TMS off-label when we feel there is sufficient evidence base and safety data. Rates as listed in our
easy-to-complete electronic forms prior to intake evaluation:
- Initial evaluation for TMS - $300
- Initial mapping by the doctor + initial TMS treatment and one remapping + treatment halfway through treatment course - $300 each
- TMS treatments by the technician or doctor - 34 treatments - $150
- Follow up visits with the doctor during and at end of care - typically 4 per treatment course - $75 per session
In brief, for qualifying patients, we offer a rate of $5500 if paying in full for a complete course of standard TMS. This includes evaluation, all follow up visits, and 36 sessions of TMS over approximately 9 weeks. Our accelerated program entails 50 sessions of treatment in just one week and this likewise includes evaluation and any needed follow up visits - the cost for this course is $6500.
Learn more about accelerated treatment here.
Feel free to contact us and we will provide a free phone consultation to discuss options and pricing in more detail.
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To follow is a brief summary of major insurers in CO and their coverage policies. These are subject to change and based on our own research. Please consult your insurance to verify. For all insurers, these basic criteria are required:
Patient is 18 years of age or older.
Patient has a current diagnosis of Major Depressive Disorder and the severity is at least moderate to severe based on a standardized rating scale (such as the PHQ-9).
The current episode of depression must have some level of treatment resistance. This typically involves a range of
antidepressant failure from as little as one up to as many as four failed medications. The medication trials must be of adequate duration and dose and have resulted in less than 50% improvement based on a standard rating scale. Medication intolerance can also count in place of lack of response.
A documented previous course of failure to psychotherapy of sufficient time and frequency is also often required.
Prior treatment response to TMS of at least 50% improvement in symptoms can alternatively be used to authorize repeat treatment. Maintenance treatment is NOT covered, but retreatment with sufficient time having passed since the last TMS therapy course is covered.
If a patient is a candidate for ECT, but cannot pursue or declines
ECT treatment for a valid concern (or has a history of intolerance/side effects to ECT), TMS will typically be covered.
There are a few exclusion criteria to TMS - The patient cannot have ferromagnetic material near the brain/treatment site or medical devices in the neck or head that may respond to magnetic fields. The patient should also not have active psychosis (or a psychotic disorder diagnosis), current suicide intent or action, active abuse of alcohol or drugs, or be pregnant or nursing. The patient must also not have a seizure disorder or other condition that places them at high risk for seizure.
Meeting the TMS Insurance Coverage Criteria
Take the short quiz below to see if you'll meet the TMS insurance coverage criteria.
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A covered course of TMS therapy typically involves 30 treatments daily M-F for 6 weeks with an additional 6 tapering treatments spread over 3 weeks. It must be prescribed and monitored by a Psychiatrist or similar provider with psychiatric medication prescribing privileges. Rating scales must be utilized during care.
Medicaid - TMS is not currently covered in CO.
Insurance providers cannot deny treatment but can withhold payment if criteria and company policy frameworks are not followed.
Insurance coverage for TMS treatment in other Mental Health Disorders
Obsessive Compulsive Disorder has been shown to respond to TMS therapy and TMS was approved for augmentation OCD treatment by the FDA in 2018. Unfortunately, many insurance providers are slower to add newer therapies to their policies, but Cigna and BCBS do have coverage policies supporting TMS for OCD. Other mental health disorders including
PTSD and anxiety disorders have also demonstrated significant benefits from TMS but are not, as yet, approved by the FDA for TMS treatment and consequently are omitted from insurance coverage.
Inspire TMS Denver works closely with our insurance benefits and billing department to ensure patients are fully informed of any copay, coinsurance, and/or deductible that may be required for services. Inspire TMS Denver also establishes single case agreements for any clients with insurance that we are not paneled with currently.
We also provide initial phone TMS consultation FREE of charge, giving clients the peace of mind to explore TMS as a treatment option before deciding to pursue therapy. No costs or obligations are involved for this. In addition, we do not charge any fees for add-on protocols, such as an additional anxiety or PTSD protocol for patients not responding to standard TMS or iTBS treatment for depression.
Please contact us here for a free phone consultation with Dr. Clinch.