The chemical peel cost depends on the particular procedure needed to achieve the desired results. For patients who simply want to remove the top layer of flaky skin, the treatment may cost $150-$200. For the medium chemical peel that removes those fine wrinkles and gets rid of surface acne, the patient can expect to be bill for $1000-$2000. For the deep chemical peel like phenol that can ease deep acne scars, smooth out those coarse wrinkles, and get rid of precancerous cells, the cost can range from $2500 to $6000. Of course, it will depend upon the consultation, the need for anesthetic and follow-up care. Unless the treatment is for something like the removal of precancerous growths, insurance will not pick up the tab. However, many doctors will agree to set up a payment plan, if the patient cannot get a loan from a financial institute.