Once you get your medical marijuana card, you might assume Medicare will cover some of your costs. But, that isn’t the case. Medicare won’t cover medical marijuana, even if you have a legitimate prescription. But what about Part D? Will Part C cover cannabis? Let’s learn all about coverage for cannabis; when you can expect coverage, and when you’ll be paying for your medication.
Does Medicare Cover Medical Marijuana?
The short answer is no, Medicare won’t cover your medical marijuana. But, Medicare is notorious for not covering things that are alternative therapies or medications. For the most part, you can expect to pay for your cannabis out-of-pocket.
Do Dispensaries Take Medicare Insurance?
No, dispensaries don’t take insurance. Since marijuana isn’t legal at the federal level, insurance companies can’t cover the medication. Also, dispensaries aren’t like the pharmacy. They don’t have a contract with insurance companies to offer your medications at a discount or negotiated rates. Now, some dispensaries do have loyalty programs where you can save money when you buy your supply from them frequently or buy larger quantities of your medication.
Do Medicare Advantage Plans Cover Medical Marijuana?
Since Medicare won’t cover medical marijuana, Part C plans won’t cover it either. Now, if Medicare ever changes coverage to accommodate medical cannabis patients, then Medicare Advantage plans would follow suit.
Will a Medigap Plan Cover Medical Marijuana?
Medigap plans only cover when Medicare covers. Since Medicare won’t cover cannabis with a prescription, Medicare Supplements can’t help cover the cost either. And, since cannabis is a prescription, it’s likely that if Medicare ever covers it, it’ll become a Part D benefit, not a benefit through Medicare.
Does Having a Medical Marijuana Card Affect Medigap Insurance Eligibility?
Outside of the Medigap Open Enrollment Period, insurance companies may charge a higher premium to cannabis patients. It’s best to buy a policy when you’re first eligible for Medicare so you can avoid medical underwriting. Medical marijuana won’t get you denied a policy, but it could increase the cost. Be honest with your agent about your medications so they can help you find the company that will make the most sense for you.
Does Part D Cover Cannabinoid-Based Medications?
While Medicare won’t cover marijuana, Part D may cover prescriptions derived from cannabis. Currently, there are four medications available that have approval through the FDA.
The four medicines containing compounds present in marijuana are:
Will Medicare cover marijuana in states where it's legal?
No matter where you live, Medicare won’t cover medical marijuana. For insurance to approve a medication, it has to have FDA approval. Under federal law, the use of marijuana is illegal.
Will Medicare cover CBD oil?
Medicare doesn’t cover the use of CBD oil. CBD oil is an active ingredient in Epidiolex. Currently, the FDA has not approved CBD in medications other than Epidolex.
Will my health savings account or flexible spending account pay for medical marijuana?
Insurance companies fail to cover marijuana due to a lack of FDA approval. So, is there any hope for you with financial help? Unfortunately, the answer is no. For health savings accounts to cover a medical expense, it must have FDA approval.
How to Get Marijuana Derived Medications Covered by Medicare
Medications that derive from marijuana and have FDA approval will have Medicare Part D coverage. But, you have to sign up for Part D separate from Medicare. Our agents can help you find the policy that covers your medications at the lowest cost to you. Give us a call at the number above to discover your options. Or, fill out an online rate form and see plans in your area now.
About This Site
MedicareFAQ.com (hereinafter “the Site” or “this Site”) is an online resource for people seeking to learn more about their insurance options. Elite Insurance Partners LLC does not endorse any particular insurance plan, provider, or agent. Any information provided about any particular insurance plan, provider, or agent shall not be construed as an endorsement by Elite Insurance Partners LLC.
Copyright and Proprietary Rights Information
This website is owned and maintained by Elite Insurance Partners LLC. No content or images may be downloaded or reproduced without our prior and explicit consent.
While every effort is made to ensure the accuracy of the content of medicarefaq.com, we cannot be held accountable for typographical errors, errors of fact, or any other error or inconsistency found on this website. We hereby disclaim all liability from any damages resulting from the use of this website, or any services provided on any Elite Insurance Partners LLC website.
Links to Third Party Sites
This Site may contain links to sites that are controlled by third parties. These linked sites are not under the control of Elite Insurance Partners LLC, and Elite Insurance Partners LLC is not responsible for the contents of any linked site or any link contained in a linked site.
Information Collected by Elite Insurance Partners LLC
Elite Insurance Partners LLC uses this website to collect personally-identifiable information. When you use our service, you are authorizing the sharing of your inquiry and your personal information with Elite Insurance Partners LLC. The personal information we collect may include, but is not limited to:
These technologies help companies measure the effectiveness of ads, content, user experience and other marketing activities.
How Information Is Collected
We only collect your personally-identifiable information when you choose to share it with us. We will not collect any personally-identifiable information without your consent. The information you choose to share with us may be collected through this website, another website in the Elite Insurance Partners LLC network, or collected over the phone by one of Elite Insurance Partners LLC licensed insurance agents.
Cookies and other technologies, such as web beacons or tags, may be sent to visitors of this website. “Cookies” are text-only pieces of information that a website transfers to an individual’s hard drive or other web site-browsing equipment for record-keeping purposes. Cookies allow the website to remember important information that will make your use of the site more convenient. A cookie will typically contain the name of the domain from which the cookie has come, the “lifetime” of the cookie, and a randomly generated, unique number or other value. A “beacon,” “tag,” or “tracking pixel,” is a one pixel by one pixel image placed on a web asset or email. When your browser connects to a web page and the web page contains a web beacon image, your browser makes a request to the web server to download that image — and with this request, the server logs certain details like your IP address, the date and time, and more.
With cookies, web beacons and other technologies, the information collected and used is always anonymous and does not enable any third-party to identify you individually.
How Information Is Used & Opting-Out
By choosing to submit your personally-identifiable information to us, you are authorizing Elite Insurance Partners LLC to use this information for any purpose in our sole discretion. An Elite Insurance Partners LLC licensed agent may contact you by phone, email, mail, or other form of communication to fulfill your inquiry and provide you with other offers you may be interested in. You expressly consent to receive these communications whether you are on any Federal or state DNC (Do Not Call) and/or DNE (Do Not Email) list or registry.
Although it is our hope that you find this service valuable, if you would prefer not to participate, you can opt-out of this activity at any time by following the browser-specific instructions at the following link: https://www.usa.gov/optout-instructions
If you no longer wish to receive further communications from Elite Insurance Partners LLC, you may “opt-out” at any time and we will remove you from our mailing list within 10 days. You may opt-out of receiving emails by following the “Unsubscribe” link at the bottom of our emails, or by contacting us via the information below.
Elite Insurance Partners LLC 34125 Us Highway 19 North – Unit 200 Palm Harbor, FL 34684 firstname.lastname@example.org 1 (800) 845-2484
Changes to This Policy
This website is owned and operated by Elite Insurance Partners LLC.
Aetna Health and Life Insurance Company (An Aetna Company)
American Continental Insurance Company (An Aetna Company)
American Retirement Life Insurance Company (A Cigna Company)
Anthem Blue Cross Blue Shield
Blue Cross Blue Shield
Central States Indemnity (A Berkshire Hathaway Group Company)
Continental Life Insurance Company (An Aetna Company)
ForeThought Life Insurance
Gerber Life Insurance
Government Personnel Mutual
Individual Assurance Company
Loyal American Life Insurance Company (A Cigna Company)
Mutual of Omaha
New Era Life Insurance
Omaha Insurance Company (A Mutual of Omaha Company)
Philadelphia American Life Insurance
SilverScript (A CVS Caremark Company)
Standard Life and Casualty
Stonebridge Life Insurance (A TransAmerica Company)