Medical marijuana is a controversial subject. If you or a family member has been prescribed medical marijuana, you’re probably wondering whether your benefits plan will actually cover it or not.
The legislation and regulations surrounding medical marijuana access and use are in constant flux, which can become confusing. Right now, it’s too soon for the drug to be covered in basic benefits plans; however, it does qualify as a medical expense under CRA guidelines.
That means patients can use their healthcare spending accounts (HCSA) to cover the cost.
If you, a family member, or one of your employees needs medical marijuana and you do not have an HCSA, get in touch with The Benefits Trust to set one up right away.
If an HCSA isn’t appealing to you, we – as a custom benefits plan provider – will be happy to discuss the possibility of adding medical marijuana to your current benefits plan.
Is Sativex® Covered?
Sativex® is a cannabinoid medicine for treating multiple sclerosis. It is also in development for treating cancer pain.
Sativex® is covered, with special authorization, by many plans.
The Current State of Medical Marijuana Benefits Coverage in Canada
Ongoing developments are changing the status of medical marijuana in Canada. Before long, medical marijuana may be covered by even standard benefits plans.
A recent article in The Huffington Post Canada discusses a University of Waterloo student who was recently awarded insurance coverage for medical marijuana, setting a new precedent.
In 2014, Health Canada estimated that about 37,800 patients were registered for medical marijuana … that’s an increase from only 100 patients registered in 2001! It’s clear that soon employers, advisors, and benefits plan providers alike will need to evolve their approaches to covering medical marijuana through benefits packages.
Medical marijuana is a controversial and complicated subject in the Canadian healthcare industry, but this is the beginning of a turning tide.
>> The Benefits Trust can help you build a better benefits plan than you can get anywhere else. Contact us today!
Questions about healthcare spending accounts? Download our FREE eBook: The Smart Employer’s Guide to Healthcare Spending Accounts.
More Benefits News from The Benefits Trust:
- Fraud Prevention Month 2015: Top 7 Fraud Predictions from ACFE
- Do You and Your Employees Know These Important OHIP Coverage Details?
- The Four Pitfalls of Self-Managing Your Healthcare Spending Account
- Case Study: Freeing Yourself From the Commodity Mindset - August 27, 2020
- Case Study: Reflecting Your Company Culture in Your Benefits Plan - May 21, 2020
- Case Study: Addressing Employee Demands for More Benefit Choices in Family Owned Business - February 21, 2020
- Changes Coming to OHIP in 2020 - November 26, 2019
- Canadian Businesses Turning to Flexible Benefits Plans - October 7, 2019
- Common Benefits Advisor Problems: Adding Value, Part Three - June 6, 2019
- Common Benefits Advisor Problems: Adding Value, Part Two - May 14, 2019
- Dental Fees in Ontario Rising 4.19% This Year: What Can You Do? - March 22, 2019
- How to Combat the Skyrocketing Cost of Dental Claims - October 24, 2018
- Virtual Care in Canada, Here to Stay! - September 18, 2018