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25. Pros and Cons of Insurance vs. Private Pay Practice

25. Pros and Cons of Insurance vs. Private Pay Practice

Published 6 months, 4 weeks ago
Description

In this episode, we break down one of the biggest decisions for social workers considering private practice: should you take insurance, go fully private pay, or try a hybrid model? We talk through the logistics, mindset shifts, pros and cons, and the financial implications of each route.

Takeaways From This Episode:

  • Starting with insurance might make sense for stability, but private pay gives you more freedom in the long run
  • The real reason niching down matters
  • How insurance audits, clawbacks, and low rates push therapists out of the system
  • Being an anti-oppressive therapist isn’t only about taking insurance; there are many ways to practice social justice
  • It’s okay to raise your private pay rate and be mindful of inflation
  • If you’re starting out, there’s no shame in going into private practice early in your career

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