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

Mentioned resources:

• Private Practice Checklist Download
• Check out the affiliated blog post for the full list of resources mentioned in this episode and the unedited transcript.

Connect with us!

• Social Work to Wealth Newsletter — a newsletter for the social worker wanting to level up their career and money.
• Find Social Work to Wealth on: TikTok, Instagram, & YouTube.

Disclaimer: The information presented in this podcast & on any affiliated platforms is for educational, informational, & entertainment purposes only and should not be construed as legal, financial, or professional advice. Consuming this content does not create an attorney-client relationship. If you need legal advice pertaining to your particular situation, consult one-on-one with an attorney.