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Life Insurance With a Medical Marijuana Card

Feb 20

Life Insurance With a Medical Marijuana Card

Cannabis was illegal under both state and federal laws for several years. Medical marijuana is now legal in all 36 states and four territories. There is however a lot of confusion about how medical marijuana may affect your insurance and other aspects.


We will explore how insurance companies perceive medical cannabis card online in the present and the impact of this on eligibility and rates. We will focus on the most crucial insurance for consumers, like health and life insurance.

Medical Marijuana is widely used

Medical marijuana refers to any treatment made from cannabis Sativa plants and contains significant amounts of tetrahydrocannabinol. THC is a popularly used drug that is known for its psychoactive properties, however, it can also be employed to treat specific medical conditions.


The FDA has approved numerous THC-based medicines, but the cannabis plant is still not approved for treatment. For instance, Dronabinol also known as lab-created THC is an FDA-approved drug that can help reduce nausea and vomiting that is caused by chemotherapy. Others synthetic chemicals based upon THC could help those who suffer from HIV/AIDS to lose weight and gain weight.


While medical marijuana could be beneficial to certain other ailments, the FDA has yet to approve any other use. The National Center for Complementary and Integrative Health, (NCCIH) insists that further research is needed before officially sanctioning different treatments. It also points out that those who are using marijuana need to be cautious due to the higher risk of car accidents.


Medical Marijuana Laws

Federal law makes medical marijuana illegal. Some states allow medical marijuana, while other states allow it for recreational usage. There is plenty of confusion among users of marijuana.


Although laws have changed in many states, there is still an ongoing internal debate over medical marijuana. It's hard to know what's to come from this.


Financial institutions that are regulated by the Federal government might be less likely to take marijuana, as it is illegal at the federal level.


Is medical Marijuana included in Health Insurance?

The health insurance policy doesn't cover medical marijuana since it's not legal on a federal scale. But, if the FDA allows medical cannabis to be used the policy could be changed.


How does medical marijuana use impact your health insurance coverage?

The cost of your health insurance will be determined by your insurance company if they use five factors. These are age location, tobacco use. Medical marijuana cards are not considered to be one of these aspects. It is also recommended to not mention any conditions that you treat using cannabis.


What is the impact of medical marijuana on the cost of life insurance?

While you can buy life insurance through marijuana, rates could be higher. Many factors can affect the cost of life insurance, including the effects of medical marijuana.


Health conditions

Life insurance providers are more concerned about the fact that you are using medical marijuana, rather than the substance itself. If you have terminal conditions such as Cancer It could be impossible or difficult to gain coverage. When you apply for life insurance, the insurance company will look over your medical history to assess the extent of any requirements. This includes whether you are using marijuana. Life insurance coverage is generally higher priced if you have more severe medical conditions.


Smoker classification

Insurance companies are more likely to accept you if you use marijuana. These rates are significantly higher than rates for non-smokers but not all insurance providers will consider applicants who smoke medical marijuana as such. This is even if one does not smoke marijuana but inhale it.



Your insurance rate may be affected by your marijuana usage frequency. The standard rates are available to you even if you don't frequently smoke marijuana. However, smoking marijuana frequently will most likely make you a smoker with higher rates.

The most important thing is the bottom line

The idea of medical marijuana insurance is still in its infancy. The FDA has not yet approved many treatments for medical marijuana, and it's still prohibited at the federal level. While insurance companies might not be able to cover medical marijuana treatments however this shouldn't affect the coverage you can get from insurance companies. There is a chance that you'll have to pay higher rates to get life insurance. To find the best price speak to an insurance agent about your medical past.

For more information please visit:
10646 Baptist Church Rd, St. Louis, MO 63128, United States
(800) 478-1984)

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