a community of practitioners
My wife and I took over a one-man practice, and he was taking insurance. So we did too, for a while. Lately no one has asked about it, so it's "moot".
The bottom line is whether you like filling out paperwork - it took me about an hour average to fill in the paperwork for an hour massage, but it gets easier and quicker with time because you just copy it from last week. Then you wait a month or two or three to get paid.
You need to have a doctor's prescription WITH DIAGNOSTIC CODES first. Your client needs to bring that in. Then you NEED TO CALL the insurance company with the CLAIM NUMBER and ask them if massage is covered, and how many treatments. Then you need to look up the TREATMENT CODES (I forget the name for these now - it's a number) and use those in the forms. You can get pads of the standard forms at good stationery stores on online - find out which forms the particular insurance company requires. Usually it's one that's all in red, and you have to fill it out in black ink. Then you're good to go.
It helps if you're in the habit of taking extensive notes about each treatment and client - either the old SOAP notes or something equivalent. Then be prepared to have your notes and records subpoenaed if the case goes to trial - and for the legal process server to knock LOUDLY on your door at ANY TIME to serve the subpoena - or even barge right in. Signs that say "Do Not Disturb - Massage in Progress" don't slow them down! This has happened...
If your schedule it pretty full already, I'd say it's not worth it except as a favor to someone. If you have time, then it's a way to get some income and give someone who really needs it, and could not otherwise afford it, some relief.
Insurance clients do not tend to become regular non-insurance clients, but a few have.
Find a friend or acquaintance who already does insurance billing for massage and have them guide you through the first two or three - it will save tons of grief. It's not obvious from the forms what to leave blank and what to fill in! And if it's wrong, you have to resubmit and start the wait all over again. Insurance companies are in business to hang onto people's money as long as they can.
Hope this helps!