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Does Insurance Cover CBD Oil?

Cannabidiol (CBD) oil has a long list of potential health benefits, and depending on the user’s conditions and expectations, these cannabis-derived oils are considered to be life-changing. Unlike prescriptions medications, therapies, and other extended health services, CBD-based products fall under a different category altogether. 

With the ability to manage ailments such as chronic pain and sleep deprivation, while helping to better handle anxiety and stress, CBD oil is quickly becoming a widely used supplement. While some people find significant relief and improvement in their quality of life, others may not experience the same level of benefit, which is why insurance coverage for CBD products can vary across the United States.

What is CBD oil?

CBD oil is a natural product derived from the hemp plant. Containing a very low level of THC—the active ingredient in marijuana that gives users a “high” feeling—CBD oil is effective in reducing pain and helping those who suffer from other conditions like anxiety, epilepsy, insomnia, and depression. Because it’s not debilitating to use due to low THC content, the potential health and wellness benefits are unmatched. 

Does health insurance cover CBD oil?

These sought-after products can be very costly, especially for individuals that rely on CBD oil daily rather than situationally. That said, the question many Americans have is, “Does health insurance cover CBD oil?”

Overall, in the U.S, The Food and Drug Administration (FDA) is the agency that’s responsible for the approval or disapproval of CBD products and whether or not they can be used by the public safely. While hemp-based CBD is federally legal, there are some states that consider using or possessing any cannabis products illegal, some where all CBD products can be sold freely, and others that only allow CBD use medically. Since its legality and regulations vary from state to state, where you reside will directly impact your insurance coverage, as some states possess stricter usage laws pertaining to CBD products. Moreover, insurance coverage for CBD oil in the United States can vary depending on factors like insurance provider, the specific policy, the reason for using CBD oil, and which state you call home.

For the states where medical CBD use is allowed, the products must be FDA approved for an insurance company to cover the cost. A CBD-based medication called Episolex, which can be used to treat certain types of epilepsy, is usually covered by insurance, however, other CBD products that are not regulated are unlikely to be covered by insurance. 

The best way to know which insurance company covers CBD products is to contact your provider to inquire about what they do and don’t cover pertaining to CBD oil and related medications. Additionally, you can consult with your healthcare provider for advice regarding the use of CBD oil and potential reimbursement through your insurance. Since laws and insurance coverages are always changing, this may be something you do every few months to ensure that they continue to cover CBD oil.

What about medical cannabis?

Medical cannabis is not typically covered by health insurance in the U.S. because it’s classified as a Schedule 1 controlled substance at a federal level. This classification implies that while legal in some states, it’s illegal federally, influencing insurance coverage to Americans everywhere. That said, laws and attitudes towards weed both medically and recreationally are changing rapidly and this policy could change in the coming years.

If you’re looking to cover medical marijuana costs, simply check the laws and regulations specific to your state regularly and keep an eye on what programs and initiatives are being offered to provide financial assistance or discounts for individuals who use medical cannabis. 

Does private insurance cover CBD-based oils?

Individuals or families are welcome to purchase additional medical coverages from private insurance companies but that won’t necessarily cover the cost of CBD products.

Frequently Asked Questions (FAQ)

Is CBD covered by health insurance in the U.S.

CBD products are not typically covered by health insurance because of the federal classification of cannabis as a Schedule 1 controlled substance.

Are there any health insurance plans that cover CBD products?

Coverage for CBD products are rare. However some insurance plans may cover FDA-approved CBD-based medications for specific medical conditions. 

What factors determine whether CBD products are covered by insurance?

Insurance coverage for CBD products can vary based on insurance provider, the plan, state regulations, and whether the product is FDA-approved or not.

How can I find out if my insurance covers CBD products?

Contact your insurance provider directly to inquire about coverage for CBD products.

What should I do if my insurance does not cover CBD but it’’s prescribed for a medical condition?

If CBD is prescribed for a medical condition, you can discuss alternatives with your healthcare provider. They may suggest other treatments to manage the cost of CBD products.