Premiums vary depending on the severity of depression or anxiety and the treatment history, but just because there is a diagnosis or treatment for a mental health issue, that doesn’t necessarily mean you will be denied coverage or that your premiums will be higher. Some insurers will still offer the best rates if there is a history of mental illness. For example, if someone is diagnosed with OCD they may qualify for the best rates. If there is a history of suicide or severe depression there may be a higher rated classification, or even a possible decline.