Understanding the Cost of TMS Therapy: A Comprehensive Guide

Transcranial magnetic stimulation—better known as TMS—is a highly effective treatment for depression, especially for patients who haven’t responded to standard antidepressants.

But it’s essential to understand the cost of TMS therapy before beginning treatment. 

The truth is that TMS therapy is a significant financial investment. Fortunately, many find the benefits of TMS well worth the cost.

According to the National Library of Medicine, TMS reduced depressive symptoms in 60% of patients, and most still feel the benefits of TMS therapy a year after treatment. 

Here, we examine the cost of TMS in more detail to help you plan and decide if it’s the right option for treating your depression.

Key Takeaways

• On average, an entire course of TMS therapy costs $10,000 to $15,000.
• Costs vary depending on the clinic’s location, fee structure, and the number of TMS sessions.
• Most health insurance companies will cover the cost of TMS therapy for treating depression. 
• Although expensive, many people suffering from depression see TMS as well worth the cost because of its many benefits.

What is the Cost of TMS Therapy?

On average, a single session of TMS costs around $300 to $500. 

Most patients require 36 TMS sessions as standard. Therefore, a full course of TMS therapy can range between $10,000 and $15,000.

This typically includes the initial consultation, all treatment sessions, and follow-up appointments. 

That said, the cost of TMS can vary depending on: 

• Clinic Location: Prices can vary depending on the clinic’s location. Urban centers might have higher costs compared to rural areas.

• Number of Sessions: A standard treatment course usually involves daily sessions over six to eight weeks. However, the number of sessions can vary based on your individual needs. Milder depressive symptoms may require fewer sessions. 

• Type of Equipment: Different TMS machines and techniques may come with different costs. Our clinic uses the NeuroStar TMS device, the first approved by the FDA.

• Clinic Fees: Each clinic has its own fee structure, which can include costs for initial consultations, follow-up visits, and any additional services provided. The clinic determines these fees at its discretion.

Will My Health Insurance Cover the Cost of TMS Therapy?

If you don’t have thousands to spend on TMS, don’t worry—in most cases, you can claim the cost of TMS therapy through your health insurance. 

Most insurance policies now cover Neurostar TMS for treating major depressive disorder (MDD), including Medicare and Tricare.

However, you will usually have to meet the following conditions for your insurance claim to be valid: 

• You have tried several antidepressant medications but haven’t responded to treatment. 
• You have tried therapy but have also failed to see improvements in depressive symptoms. 
• You have no prior history of seizures or epilepsy (seizures are a rare risk of TMS). 

If you meet these three criteria, your insurance will likely cover the cost of TMS. However, some providers won’t cover the total cost of treatment.

Talk to your insurance company to understand whether you can make a full claim on your plan. 

Bear in mind that some providers also need to pre-approve TMS before you begin treatment. Talk to your insurance company first to understand your options. 

And if you can’t make an insurance claim, speak to your chosen clinic—some offer flexible payment plans to make your TMS therapy more affordable. 

Is TMS Therapy Worth the Cost?

Investing in TMS therapy is a significant financial decision. But many people find it to be worth the cost due to how effective it is in treating depression: 

• Around 60% of patients respond to TMS therapy. This includes those who haven’t responded to other treatments for depression.

• NeuroStar TMS is even more effective, with up to 83% of patients experiencing fewer depressive symptoms after finishing their course of treatment. 

• After a complete course of NeuroStar TMS Therapy, up to 62% of patients had full remission. This means that their depressive symptoms disappeared entirely.

• TMS offers a treatment option without the side effects associated with medications. The most common side effect is a slight pain or discomfort at the treatment site.

• Many patients remain symptom-free for months or even years after treatment, reducing the need for ongoing medication or therapy sessions.

So, while the initial cost might be high, the potential for improved mental health and overall well-being can make TMS therapy a worthwhile consideration.

TMS Therapy Cost: FAQs

Q: Is TMS covered by Medicare?

A: Yes, Medicare often covers TMS therapy for patients who have not responded to antidepressant medications. However, you need to verify the specific coverage details of your Medicare plan.

Q: Are there financing options available for TMS therapy?

A: Many clinics offer financing options to help manage the cost of TMS therapy. These might include payment plans, sliding scale fees, or third-party financing options. Simply talk to your clinic to find out.

Q: Can I use my HSA or FSA to pay for TMS therapy?

A: Yes, Health Savings Accounts (HSA) and Flexible Spending Accounts (FSA) can typically be used to cover the cost of TMS therapy. Check with your plan administrator for specific guidelines.

Should You Consider TMS Therapy?

Understanding the cost of TMS therapy is an important step in considering your treatment options.

While it may require a financial investment, the potential for significant improvement in your mental health can be invaluable; it can change your life. 

If you have more questions or want to discuss payment options, contact our team. We’re here to help!