How do insurance companies view medical marijuana?

In Florida, insurance companies view medical marijuana similarly to how they view most other prescription medications. Generally, insurance companies will not cover the cost of medical marijuana, as it is still illegal on the federal level. In addition, many insurance companies in Florida have policies that explicitly state they will not reimburse medical marijuana costs. In some cases, some limited coverage may be available to individuals with certain medical conditions. For example, Blue Cross Blue Shield of Florida offers a limited benefit plan that covers medical marijuana for individuals with terminal illnesses. If a patient qualifies under this plan, a portion of the cost of medical marijuana may be covered. In certain cases, some employers may also provide coverage for medical marijuana, depending on the terms of the insurance plan. However, this coverage may not be widespread as insurance companies must take into account federal regulations when designing their policies. Overall, most insurance companies in Florida will not cover the cost of medical marijuana for individuals seeking treatment. Individuals must look into other options, such as limited benefit plans and employers, if they wish to receive some form of coverage for the cost of medical marijuana.

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How do insurance companies view medical marijuana?

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