Does Medical Insurance Cover CBD Oil Treatments
The use of medical marijuana products like CBD oil is spiraling in popularity all over the United States. Based on studies, 90% of those who use medical marijuana claim to have acquired positive results while 80% of doctors support the use of CBD oils and other medical marijuana products. Though this is the case, CBD oils and other products extracted from marijuana are yet to get federal approval.
What Truly Is CBD Oil
CBD is one of the compounds of marijuana. It is the natural extract from the cannabis plant which, when combined with ingredients like coconut or olive oil, make CBD oil. CBD is a non-psychoactive compound so it does not make you high. CBD oil is essentially extracted from hemp rather than marijuana itself. Hemp is quite different from marijuana in that it does not affect the functionality of the brain cells.
Studies and researches have already confirmed CBD oil to have extensive medical benefits. It is widely recommended for patients with inflammation and pain problems. In fact, it is approved in some states in the US. This does not mean, however, that it is already cleared as a prescription med for use in treatments.
CBD Oil and Insurance Coverage
With a huge number of studies backing the use of CBD oil for medical treatments, some states all over the United States have already approved its use while some states are yet to legalize its use. Regardless of the legalization status of CBD oil, the big concern among most people is the issue of insurance coverage. Only a few insurance companies cover CBD oil use in their medical insurance coverage. The biggest problem is that the premiums are extremely high and not many people can afford them.
Unfortunately, almost 99% of insurance companies do not cover CBD oils. This is based on the fact that CBD oil is a product of marijuana so it is categorized as one of the Schedule 1 controlled substances at the federal level. Drugs and substances that are classified as Schedule 1 are considered illegal due to serious concerns on safety, the increased potential for abuse, and supposed non-medical use. That said, even in the states that have approved the medical use of CBD oils, people have to use their out-of-pocket money to pay for the medication.
When deciding which drugs to add to their medical cover, most insurance companies only settle for medications that are clinically researched and clinically approved. Even with the extensive researches and scientific narratives recommending the use of CBD oil for treating different health conditions, there are no rigid clinical reports to support these claims.
Likewise, CBD oil is not FDA approved either, which means that its efficacy is still undergoing testing. It is good to get your facts right before you go ahead to buy a medical insurance policy. While it is already confirmed that most insurance companies do not offer coverage for CBD oil, you may be surprised to realize that your insurance company offers insurance coverage for CBD oil. Just do not be in a hurry to make your decision when choosing an insurance company. Conduct a thorough and extensive research to find the perfect insurance company for you. And, do not hesitate to make inquiries about the drugs the insurance company covers on their medical insurance policy.