Yes, Medicare does provide coverage for a wide range of mental health services, including outpatient therapy or counseling, inpatient psychiatric care, medication management, and psychiatric evaluation. Coverage is provided under different parts of Medicare: Part A covers inpatient mental health services, while Part B covers outpatient services, and Part D offers prescription drug coverage, which can include medications for mental health. However, it's important to note that deductibles, copayments, or coinsurance may apply, and services must be provided by Medicare-approved healthcare providers to be covered.