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Just how much Does a Psychiatric Assessment Cost? A psychiatric evaluation is an important step in receiving treatment for a mental health condition. Nevertheless, it can be a costly process. Luckily, many insurance plans cover a part of the expenses connected with these visits. To decrease your expenditures, you need to always be sure that your supplier is in-network. Expenses for a Psychiatric Evaluation A psychiatric examination is an important step in determining if a person has a mental disorder or needs treatment for a psychological