Articles | May 29, 2024

Make a Sound Investment in Supporting Mental Health

Demand for mental health/substance use disorder (MH/SUD) services is considerable. Adequately addressing it is important for improving participants’ health and for managing your costs.

Conditions, such as depression and anxiety disorders, correlate with serious medical conditions. Yet many people with MH/SUDs don’t receive the treatment they need.

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We’ve created a handy two-page overview of the importance of mental health coverage that presents the following information:

The percentage of participants who have a mental health condition, the percentage who have a physical chronic condition and how the two groups overlap
Lists of the six mental health conditions and the nine physical conditions that are often present simultaneously
The percentage of workers who’ve report struggling with mental or behavioral health issues
The percentage of adults who’ve been diagnosed with depression
The number of American adults who’ve experienced mental illness
The percentage of adults who needed mental healthcare or substance use care in the past 12 months, but did not receive it
The percentages of young professionals who said mental health is a priority at their workplace and that there are adequate resources to support employee mental health

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What’s at stake when mental health conditions aren’t managed?

Unmanaged mental health conditions lead to:

Higher healthcare costs, increased utilization and poor medication adherence
Diminished productivity
Lost earnings
Higher costs associated with the premature death and disability of participants

Have questions about the relationship between mental and physical health and/or mental health parity requirements?

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How we can help

We’ll work with you to make sure your plan:

Includes educational and training resources to help your organization’s leaders manage people with mental health or substance abuse conditions
Maximizes efficiency while containing costs with your benefits programs
Follows best practices for communicating benefits to promote utilization
Complies with mental health parity requirements

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This page is for informational purposes only and does not constitute legal, tax or investment advice. You are encouraged to discuss the issues raised here with your legal, tax and other advisors before determining how the issues apply to your specific situations.