It recently approved the first CBD drug to treat seizures related to 2 rare diseases. This drug is called Sativex. It's a purified version of CBD.
What about HSA's?
Is CBD legal?
Our guess is yes.
20 years of experience in the California health insurance market has taught us one thing. Competent and experienced guidance is INVALUABLE
How does health insurance treat it.
Even though health insurance companies don’t currently cover the cost of CBD oil, this doesn’t mean there will never be such coverage.
With a rapidly growing body of scientific research showing just how powerful CBD oil is for treating depression, anxiety, pain, inflammation, acne, and many other conditions in the human body, the FDA certainly could consider reviewing these products in the future.
So far the FDA has approved only one drug containing CBD, for a rare form of epilepsy.
CBD Oil and Health Insurance: What the Future May Hold
The FDA focuses its attention on pharmaceutical products and has little interest in products that are primarily made from natural sources—so CBD products don’t get approved and, in turn, health insurance companies are not obligated to cover them. According to state laws, these agencies are only required to provide coverage for drugs that are FDA approved.
As a result, some doctors are starting to recommend CBD oil as a treatment—often in combination with other conventional medications. And they’re being asked by their patients if it’s covered by health insurance.
While many scientific studies have backed up the claims about the benefits of CBD oil, and many people have already started to use it, the relatively high prices of CBD oil remain a concern. Many consumers opt for cheaper products only to find they yield ineffective results, as they contain dosages of the cannabidiol compound that are insufficient to produce the potential health benefits.
There are two primary obstacles preventing health insurance companies from offering to cover CBD oil or similar treatment options such as medicinal marijuana.
More than 17 years after cannabis was first legalized in Canada for medical use, some insurers are just beginning to cover the cost of the medication. Slowly things are changing for the better as companies are being given the option from insurers to include medical cannabis. However, many plans limit coverage to just a handful of medical conditions that qualify and do not cover the cost of medical cannabis for most users.
But don’t fret – if your health insurance plan includes a Healthcare Spending Account (HCSA or HSA), you are likely able to claim medical cannabis under this category. Be sure to chec k the details of your insurance plan to see what is and is not covered. The Canada Revenue Agency lists medical cannabis as an eligible medical expense . Your proof of purchase (receipts) that include your prescription information, can be found online under your personal account with each Licensed Producer (LP) on their respective websites.
If you have any questions about your prescription, your apollo educator is here to assist you free of charge, 7 days a week.
Veterans Affairs Canada was the first Canadian institution to cover medical cannabis and has a revised coverage policy since November 22, 2016 through Medavie Blue Cross. The Veterans Affairs Canada website states “the health and well-being of Veterans is a top priority for the Government of Canada. This was the fundamental consideration in the development of VAC’s reimbursement policy for cannabis for medical purposes”.
Medical Cannabis Compassionate Pricing
Many Licensed Producers (LPs) also offer compassionate pricing to low-income individuals, seniors, and those on ODSP. Medical cannabis users should work with a patient educator who can help them determine if they qualify for compassionate pricing or other benefits. Patient educators are also able to recommend Licensed Providers who offer compassionate pricing, as not all LP’s offer this benefit. Apollo Cannabis Clinics employ patient educators to work with each individual after they receive a medical cannabis recommendation. Patient educators are committed to helping medical cannabis users understand what benefits certain Licensed Producers may offer. They also work to help individuals select LPs who carry the product they require.
If you need any paperwork filled out by your doctor, please contact Apollo and we will be happy to assist you*.
Veterans Affairs Canada reimburses eligible medical cannabis users, those with a K# and Awarded Conditions, for up to three grams of dried cannabis or equivalent in oils/edibles per day. If there is a need for additional daily dosage of cannabis, Apollo can help complete all necessary paperwork allowing veterans to receive more than 3grams a day to be covered. Eligible cannabis must come from a medical Licensed Producer with whom a patient is registered through an authorized medical document (prescription). Grey market and recreational cannabis purchases are not reimbursable.