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Is CBD Oil Covered by Health Insurance Plan?

CBD also is known as Cannabidiol is quickly gaining recognition thanks to the wonderful benefits it has to offer. Although it is mostly used medicinally, some people also use cbdmd coupon for cheap purchasing CBD and recreational purposes. It can be consumed as oil, candy or vape, depending on one’s preference.

Numerous studies and personal anecdotes have backed up the potential benefits of CBD. In spite of this, CBD oil continues to have a high price tag and this has grown the concern of patients on whether their health insurance can cover for the cost of CBD oil. Read on to find out if health insurance covers CBD oil.

The Use of Medical Marijuana

Although CBD is still classified as a Schedule 1 drug, it is widely used medicinally thanks to its healing qualities. Hemp was criminalized but it became legal again in 2018 after the 2018 Farm Bill.

CBD Oil which is sourced from the hemp plant has proven to offer numerous health benefits including treatment of chronic pain. Besides, the Father of Marijuana Research sheds some light ton of medical marijuana and how CBD is different from THC.

It is, therefore, no surprise that baby boomers are using CBD oil to treat age-related health issues. It aids with arthritis when applied on the skin and can be administered to those who suffer from Parkinson’s disease as it helps to relax the shaking of hands.

In addition, CBD oil is also effective in treating childhood diseases such as seizures. It works together with the endocannabinoid system to calm the receptors in the brain which are responsible for causing seizures. It can be used in children beginning from the age of 2 years.

It is also popularly known for its calming abilities especially for individuals who suffer from depression and anxiety. Mother show suffers from behavioral problems like ADHD find CBD Oil very beneficial when compared to pharmaceutical medicine.

Is CBD Covered in Insurance?

With all these benefits, it is no surprise that many people want to know whether health insurance plans cover CBD Oil. With most states in the US approving the use of medical cannabis, its coverage by health insurance is still a subject of debate. Most people using CBD Oil as treatment have questions regarding its coverage in health insurance.

Currently, CBD Oil is not covered by health insurance since it is still listed as a schedule 1 drug. Basically, schedule 1 controlled substances cannot be legally prescribed and this means that health insurance companies cannot cover them.

According to the US state law, any products that have Cannabidiol compounds that are present in marijuana is classified as Schedule 1 controlled substance.

The other obstacle preventing the coverage of CBD oil is the Food and Drug Administration in the US. Any new drug in the market must first be FDA-approved before it can be legally prescribed by doctors. Hence, state law requires that health insurance companies for drugs that have been approved by the FDA.

Also, health insurance companies provide coverage for drugs that have been clinically researched. Although there are numerous studies on the benefits of CBD, there is still not a solid clinical report that would make it covered by health insurance companies.

For this reason, patients have to pay for CBD Oil out-of-pocket. Your doctor can suggest the right method and dosage for using CBD depending on your level of need. In legal states, doctors are allowed to write their patients a certificate to purchase medical marijuana. If anything, the UK has opened doors for doctor-prescribed cannabis.

We also can’t deny the fact that is expensive than other pharmaceutical drugs. Hence, the insurance and medical industry ought to determine how much money they will make out of it first.

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