Major Canadian insurance company adds medical marijuana coverage

One of the most important insurance corporations on the planet is together with medical hashish as an choice on its Canadian group plans.

Starting subsequent month, Sun Life Financial will permit corporations so as to add medical hashish to group well being plans as non-compulsory coverage.

Sun Life’s determination might breathe recent life into the expansion of Canada’s medical hashish sector, which has seen slowing progress in affected person registrants since late 2016 — sitting at roughly 235,000 shopper registrations as of Sept. 31.

The Toronto-based company offers group well being advantages to greater than three million Canadian staff and their households.

Sun Life is the most important insurer in Canada to cowl medical hashish.

Last yr, Manulife began offering medical marijuana advantages to 45,000 staff of Loblaw and Shoppers Drug Mart.

The Manulife plan covers neuropathic ache related to a number of sclerosis and nausea and vomiting by most cancers sufferers in chemotherapy.

Veterans Affairs Canada has coated the price of MMJ for medical functions for a few decade, however it caps veterans to 3 grams of hashish per day.

Under Sun Life’s new coverage, which matches into impact March 1, corporations will have the ability to select annual maximums for coated staff and their dependents. The maximums will vary from $1,500 Canadian dollars ($1,194) to CA$6,000.

Companies can add MMJ to their company well being plans for less than the next circumstances:

  • Cancer
  • Multiple sclerosis
  • Rheumatoid arthritis
  • Patients requiring palliative care

Matt Lamers could be reached at [email protected]

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