How do insurance companies view medical marijuana?

Insurance companies in New York generally view medical marijuana similarly to other medications, treatments, or products prescribed by a doctor. In many cases, health insurers cover the cost of marijuana to treat qualifying conditions or illnesses. However, the coverage varies by company and is subject to state and federal regulations. For example, the New York Department of Financial Services has stated that health insurers in the state are not required to provide coverage for medical marijuana or related products, but they have allowed insurers the option to offer coverage. As a result, some insurance carriers do offer coverage, some cover certain aspects of medical marijuana and some choose not to provide coverage at all. In general, insurance companies will usually not cover medical marijuana until the patient has tried other treatments that have not been successful. Additionally, doctors may prescribe medical marijuana to be used in conjunction with other treatments. Some insurance companies may cover the cost of the marijuana, but not the cost of administering it. Ultimately, since laws regarding marijuana can vary from state to state, it is important to check with your particular insurance company to find out what their policy is regarding medical marijuana coverage.

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How do insurance companies view medical marijuana?

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