Allstate will offer coverage to up to 200,000 of its customers with serious and chronic mental health issues.
The insurer will be the first US company to offer this benefit to all its customers, but the insurance provider said it would also cover those with chronic mental illness.
“We know that mental health is a life-and-death decision, and that’s why we’re bringing this new policy to the table,” Allstate president and CEO Doug Oster said.
“It’s going to be an enormous cost savings for our customers and for our business, and it’s the right thing to do.”
The company said it has already received more than 80,000 applications to cover up-to-date mental health patients.
The policy will be available in early 2019.
Oster said that the policy will help protect against the “big picture” of how a customer’s mental health will impact their day-to