Does Medicare cover psychiatry and therapy?

Yes. Medicare Part B covers psychiatric evaluations, medication management, and psychotherapy at 80% after your deductible, and Advantage plans have to match it. Telehealth psychiatry stays covered for Medicare patients too.

The real-world problem is that many psychiatrists simply don't take Medicare. Lyte does, including for older adults dealing with late-life depression, grief, or the medication pileup that comes from having four doctors who've never spoken to each other. That last one is more common than any diagnosis.