Psychedelic mental health treatment can be an effective therapy for various mental health conditions. However, the cost of this type of treatment can vary widely depending on several factors. Here, we will discuss the range of prices for some types of psychedelic therapy, factors that can impact their cost, and options for at-home and in-person clinic ketamine treatments.

MDMA-assisted psychotherapy

MDMA-assisted psychotherapy is one of the most studied forms of psychedelic therapy. This therapy involves the use of MDMA to help patients explore and process difficult emotions and experiences. It is typically done in-person and in the presence of two psychotherapists. According to the Multidisciplinary Association for Psychedelic Studies (MAPS), a full course of treatment can cost around $15,000 to $16,000 per patient. This cost includes not only the actual therapy sessions but also preparatory and follow-up sessions, as well as the cost of the MDMA itself.¹

Psilocybin-assisted therapy

Another form of psychedelic therapy is psilocybin-assisted therapy. This therapy uses psilocybin (the active ingredient in "magic mushrooms") to help patients explore their emotions and achieve a greater sense of self-awareness. The cost psilocybin-assisted therapy can range from $1,000 to $7,000 per session, depending on the location and type of therapy being offered. Some centers, such as Beckley Retreats, charge up to $6,900 for a psilocybin retreat that includes the ceremonies, accommodations, and integration afterward.²

Ketamine-assisted therapy

Ketamine-assisted therapy is another form of psychedelic therapy that has been gaining popularity in recent years. Ketamine is a dissociative anesthetic and psychedelic that can help alleviate symptoms of depression, anxiety, and other mental health conditions. The cost of ketamine-assisted therapy can vary depending on whether it is done at home or in a clinic setting.

At-home ketamine options can be less expensive, but they also come with potential risks and drawbacks. The cost of at-home ketamine can range from $150 to $1,200 per month, with some providers charging even more. Patients may self-administer it under the guidance of a telehealth provider either present before or at the same time virtually as the ketamine session. This method may not be covered by insurance, and the quality of the ketamine and the effectiveness of the treatment varies across pharmacies and providers.

In-person ketamine clinics are generally more expensive, with the cost ranging from a few hundred to $6,000 per treatment.³ Some practitioners offer a hybrid approach, with both in-person and virtual ketamine sessions. It is important to understand that in either case, you may need multiple sessions, which could become $3,000-6,000+ for a full course of treatment.

Factors that impact cost

The cost of psychedelic therapy can vary depending on several factors, including:

• The type of therapy: Different types of psychedelic therapy have varying costs depending on the type of medication or substance used and the length and intensity of the therapy.
• The location of the treatment center: The cost of psychedelic therapy can also vary depending on the location of the treatment center. In general, therapy in large metropolitan areas tends to be more expensive than in smaller cities or rural areas.
• Insurance coverage: Some forms of psychedelic therapy may be covered by insurance, while others may not be. Coverage can vary widely depending on the insurance provider and the specific policy.
• The experience and qualifications of the therapist: Cost may also vary depending on the experience and qualifications of the therapist or facilitator administering the treatment.
• Virtual vs. in-person treatment: Telemedicine options are typically more cost-effective, but have their own limitations due to regulations. In-person treatments require more logistical planning and are often more expensive, but may be more suitable for those who may not feel comfortable self-administering ketamine.

In conclusion

Psychedelic treatment can be a significant investment for those seeking treatment for mental health conditions. The cost of psychedelic therapy can vary depending on the type of therapy, location, insurance coverage, and the experience and qualifications of the therapist. Patients should carefully evaluate their options and research costs before committing to treatment.

It's important to note that the effectiveness of psychedelic therapy is still being studied and understood, and patients should approach this type of treatment with caution and with the guidance of a licensed mental health professional.

_ _ _

References:

1. MDMA - Multidisciplinary Association for Psychedelic Studies - MAPS. Multidisciplinary Association for Psychedelic Studies - MAPS. Published July 13, 2022. Accessed March 10, 2023. https://maps.org/mdma/
2. Chang B. Photos: Demand is on the rise for a nearly $7,000 luxury psilocybin magic mushroom retreat as the wellness industry flocks to psychedelic drugs — see what it's like inside. Business Insider. Published September 19, 2022. Accessed March 10, 2023. https://www.businessinsider.com/photos-see-inside-luxury-psilocybin-magic-mushroom-retreat-2022-9
3. Connell, D. Ketamine Therapy Costs, Coverage, and Pricing. Ketamine.net. Published November 7, 2022. Accessed March 13, 2023. https://www.ketamine.net/ketamine-therapy/costs/‌

Cover photo by Giorgio Trovato on Unsplash