Do Kip therapists take insurance? How can I get my insurance company to cover Kip?
While Kip therapists don't currently accept insurance, in many cases your insurance company will reimburse you for part of your Kip sessions.
If you have a PPO:
If you're part of a PPO plan, your insurance probably covers some portion of therapy visits after you hit your plan's deductible. You could save anywhere from 30% to 100% on sessions. A good rule of thumb is that employer plans reimburse more than plans from the exchange and the better your plan, the more money you'll get back.
Here's how to figure out what insurance will reimburse you and how to get that money:
1) Confirm that you have an out-of-network benefit. Look up your insurance plan details, specifically the row that describes Mental Health Outpatient Services.
In this example, the plan reimburses you after you hit an out-of-network deductible of $1,000.
2) Ask your therapist (or the Kip team) for a superbill and send in your first claim after your first Kip session. A superbill is an official receipt and the only kind of receipt that you're insurance company will accept. Your credit card receipt won't work. You can also use Better to file your claim, which is a service that submits claims for you and deposits reimbursements directly to your bank account.
3) Find out what your insurance company will cover. Your insurance company should get back to you with:
- How much of each Kip session the will apply toward your deductible.
- How much money they'll reimburse you per session after you hit your deductible.
- How much money you have left before you hit your deductible.
Note: Some insurance companies base reimbursement for treatments provided on the type of license and degree your provider has. For Kip therapists, this might be an LMFT, MFTI, LCSW, CSWI, Licensed Psychologist, or Psychological Assistant. It is usually a good idea to call your insurance company and ask specific questions like this: “Do you reimburse for therapy provided by (your provider's credentials e.g., Psychological Assistants)? How much will I be reimbursed for each therapy session? How many sessions will I be covered for?”
If you have an HMO or EPO:
Unfortunately, HMO and EPO plans don't usually reimburse you if you see out-of-network providers but you can still save money on therapy.
Save money by using funds from your HSA (Health Savings Account) or FSA (Flexible Spending Account). These accounts, usually offered through your employer, let you spend pre-tax dollars toward health expenses like therapy. You can save anywhere from 15-35% (i.e., whatever your tax rate would be).
Learn more about how to save money on therapy with an FSA or HSA.
If you don’t have out-of-network benefits with your current insurance plan, consider switching to a plan that does during your Open Enrollment period.
Ask your company to add a Kip benefit
We're working with employers to make therapy more affordable for their employees. Send our Kip benefit overview to your head of HR or ask us to reach out on your behalf if you would rather stay anonymous. Really, just send us an email or click the chat button below, tell us where you work, and we'll ask them to add the benefit for you.