Oregon Leads with First Insurance Coverage for Psilocybin Services

In a pioneering move in the U.S. insurance market, Bendable Therapy, a wellness center in Bend, Oregon, has collaborated with Enthea Insurance to offer the first private insurance coverage for psilocybin services in the state.

This partnership aims to make psychedelic therapy more accessible by addressing the high costs associated with psilocybin sessions, which can reach up to $3,800 out-of-pocket. The initiative not only tackles financial barriers but also positions Oregon as a leader in regulated psilocybin services. This development could pave the way for broader acceptance and integration of psychedelic therapies into health care systems across the nation, significantly impacting mental health treatment paradigms.