Hi SeventyEight,

I've worked in the insurance field for 8 years. Here is some info that may help:

1) what are the disadvantages to the therapist in entering into such an agreement?

Not many as long as they can agree upon the rate. (Most do in my experience.)

2) what is the pay from the insurance company to the therapist typically?

usually $50- $100 per hour depending on plan, contract, location and licensure/specialty. And they do not pay for cancellations or "no shows."

3) how is the therapist approved for the agreement and is it a relatively easy process?

The company does a couple of things. 1- decide that you need to see this particular therapist and no one else is able to treat you. 2- call the therapist to negotiate a rate.

If both of these parts go well, then you will be all set.

Good luck!