One of the primary concerns with mental health and disability insurance is that a person’s mental illness can be difficult to prove. This, combined with the fact that some insurers are hesitant to cover mental health conditions, makes it more challenging for individuals to get the necessary coverage.
That said, many disability insurance policies now include provisions for mental health coverage, though this coverage may be limited. Some policies may offer a one-time lump sum payment for a mental health disability, while others may provide payments over an extended period. It’s important to read the fine print of your policy to determine what kind of coverage you’re eligible for.
Some insurance companies also require higher premiums for mental health coverage and may have certain conditions that must be met to qualify.
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