Chelsey Tucker graduated with a Bachelor of History degree from Metropolitan State University in 2019. She now writes about insurance with her specialty being life insurance and has been quoted on Help Smart Phone and MEL Magazine.

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com.

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Dec 14, 2021

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The Lowdown

  • CBD oil is not federally legal if derived from marijuana
  • Cannabis for medical use is legal in 36 states
  • CBD is being researched to treat Parkinson’s disease and Alzheimer’s disease, among others

CBD oil is a wave that’s capturing the healthcare industry. It’s being studied as a treatment for many diseases and ailments such as Parkinson’s disease, Alzheimer’s disease, and even mental health disorders such as schizophrenia and anxiety.

By definition, CBD oil is derived from cannabis and is a type of cannabinoids. However, it does not create the psychoactive “high” effect like Tetrahydrocannabinol (THC). Cannabinoids are the chemicals naturally found in marijuana plants.

Even though its uses in health care are being studied, CBD oil and other products like it are not legal in most states or federally. Because it’s not federally legalized, does Medicare cover CBD oil?

What are the parameters of Medicare insurance?

To find supplemental Medicare coverage rates in your area for Plan C,  enter your ZIP code in the free tool above.

Does Medicare cover CBD oil?

Is CBD oil covered by Medicare?

At this time, Medicare does not cover CBD oil under Medicare Plan D or drug coverage. CBD oil has not been legalized at the federal level and Medicare coverage is a federal benefit.

Do other medical insurance providers cover CBD oil or does medical insurance cover medical marijuana? The answer remains the same. Cannabis products aren’t federally legal and can’t be covered by any type of health insurance provider whether private or public.

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Is medical marijuana covered by Medicare? Is medical marijuana covered by insurance?

Does Medicare cover medical marijuana or any other type of cannabis product?

No, like CBD oil, no cannabis-related drugs are covered by Medicare.

As previously mentioned, Medicare Plan D typically covers any drug, prescription, or medical device-related claims for Medicare recipients. For a drug to be covered under Medicare, it must meet the following requirements:

  • Approved by the Food and Drug Administration (FDA)
  • Available by prescription
  • Medically necessary

While cannabis products may be legal in some states, it’s not legal federally and the same rules that apply to Medicare apply to standard private health insurance.

Do CBD dispensaries accept insurance?

Dispensaries are set up to offer cannabis products for medical use much like a pharmacy is set up to offer prescriptions.

Even though a dispensary setup may look similar to a pharmacy, it is quite different. Dispensaries can’t accept insurance even when CBD oil or medical marijuana is prescribed by a doctor.

Cannabis products are legal in 36 states for medical purposes. In these 36 states, CBD oil and medical marijuana can be obtained with a medical marijuana card. To receive a card, you must have a prescription from a doctor and qualify for a listed condition such as anxiety or epilepsy.

What’s the difference between CBD oil and medical marijuana?

CBD oil and medical marijuana are both a type of cannabinoid. The main difference between CBD oil and medical marijuana is the psychoactive effect of Tetrahydrocannabinol or THC. CBD oil derived from hemp generally contains only a trace amount of THC (0.3%), but not enough to create a “high”.

Both cannabis products may be used medicinally but only the products that include THC will produce the feeling of being “high”.

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CBD oil and Medical Marijuana Insurance Coverage

These questions have become common for those seeking to use cannabis products like CBD oil for medical use:

  • Does Medicare cover CBD oil?
  • Does Medicare pay for medical marijuana?
  • Does insurance cover CBD oil?
  • Does insurance cover medical marijuana?

Although each question is somewhat different, the answer is the same for each. CBD oil and medical marijuana are both cannabinoid products that are not covered by any health insurance — private or public — including Medicare.

The primary difference between CBD oil and medical marijuana is the inclusion of THC, which creates the psychoactive effect.

Find supplemental Medicare coverage rates in your area by entering your ZIP code in the free tool below.