The Benefits of CareCredit for Psychological Evaluations

As a psychologist, I understand the importance of mental health evaluations in providing accurate diagnoses and effective treatment plans for our clients. However, I also recognize that the cost of these evaluations can sometimes be a barrier for individuals seeking help. This is where CareCredit can play a significant role in making mental healthcare more accessible and affordable for everyone.

Fundamental Psychology has recently partnered with CareCredit. CareCredit is a healthcare credit card designed to help individuals cover out-of-pocket expenses not typically covered by insurance, including psychological evaluations. Here are some reasons why I believe CareCredit is a great option for clients facing the financial burden of these services:

1. Flexible Payment Plans: One of the most significant advantages of CareCredit is its flexibility in payment options. Clients can choose from a variety of payment plans based on their budget and financial situation.

2. Immediate Access to Services: Psychological evaluations are often time-sensitive, especially for individuals seeking diagnosis and treatment for mental health conditions. With CareCredit, clients can access the services they need without delay, even if they don’t have the funds available upfront. This ensures that they can receive timely care and support without compromising their mental well-being.

3. No Upfront Costs or Hidden Fees: Unlike traditional credit cards or personal loans, CareCredit does not require any upfront costs or down payments for healthcare expenses. Additionally, there are no hidden fees or prepayment penalties, allowing clients to budget effectively and avoid unexpected financial burdens.

4. Coverage for Comprehensive Evaluations: Psychological evaluations may involve multiple assessments, interviews, and consultations, which can add up in terms of cost. CareCredit covers a wide range of services related to mental health evaluations, including diagnostic interviews, psychological testing, and follow-up consultations, ensuring that clients have access to comprehensive care without worrying about additional expenses.

5. Peace of Mind: Dealing with mental health issues can already be stressful enough without having to worry about how to afford necessary evaluations and treatment. CareCredit provides peace of mind to clients by offering a convenient way to finance their healthcare expenses, allowing them to focus on their recovery journey without financial stressors weighing them down.

In conclusion, CareCredit offers a valuable solution for individuals seeking psychological evaluations by making mental healthcare more accessible, affordable, and convenient. By providing flexible payment options, immediate access to services, and peace of mind, CareCredit empowers clients to prioritize their mental well-being without financial barriers. As a psychologist, I believe that everyone deserves access to quality mental healthcare, and CareCredit helps make that possible.


Why are there different options on the CareCredit application?

Fundamental Psychology has partnered with CareCredit to offer deferred interest if paid in full within the 6 or 12 month financing options. These options let you pay for purchases of $200 or more with minimum monthly payments made throughout the duration of your promotional period. Interest accrues during the promotional period but will not be charged if you pay your balance in full by the end of the promotional period.

Can I pay a portion of the treatment cost myself and use CareCredit for the remainder?

Yes, you can use the CareCredit health and wellness credit card for treatment balances from $200 up to your available credit line.

Should I use my insurance instead?

Insurance coverage for psychological testing varies widely depending on the insurance provider, the type of insurance plan, and the specific tests being administered. While many standard psychological tests may be covered under certain insurance plans, there are several types of psychological testing that may not be covered or may have limited coverage. Here are a few examples:

1. Educational or Academic Testing: Psychological tests conducted to assess learning disabilities, cognitive abilities, or academic performance are not typically covered by insurance. These assessments, such as IQ testing or assessments for dyslexia or ADHD, are often considered educational in nature rather than strictly diagnostic, and insurance companies may not deem them medically necessary.

2. Personality Testing: While some personality assessments may be covered as part of a comprehensive psychological evaluation, certain specialized personality tests, such as those used in forensic evaluations or employment screenings, may not be covered by insurance.

It’s important for individuals to check with their insurance provider to determine coverage for specific psychological tests and to understand any out-of-pocket costs or limitations associated with testing. Additionally, seeking pre-authorization may increase the likelihood of insurance coverage for psychological testing. When insurance coverage is limited, or insurance providers have a lengthy waitlist, alternative options such as private pay or healthcare financing options like CareCredit may be considered to cover the cost of testing.

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