Sun Life Financial Adding Medical Cannabis Coverage

medical

Just when medical marijuana patients in Canada were lamenting the fact that they would have to pay the same amount of tax on their medicine as recreational users do, Sun Life Financial goes and says, “Boom. You’re covered.”

In a move inspired by interest from Sun Life’s employer clients, The Toronto-based insurer is taking the bold step of adding medical marijuana as an option for its group benefits plans.

Sun Life provides health benefits coverage to more than three million Canadians and their families—that’s one in six Canadians.

Starting March 1, employers who offer this brand’s insurance will have the option to add medical cannabis coverage. This move by a major insurer has been a long time coming.

Patient advocacy group Canadians for Fair Access to Medical Marijuana (CFAMM) says has witnessed and aided in years of litigation to gain this level of acceptance for medical cannabis.

The patients they deal with live with life-altering conditions, including cancer, rheumatoid arthritis pain and palliative care. Some of these conditions are so debilitating that the patient is limited in their ability to work and rely on coverage to meet their medication needs. Sun Life’s new extended insurance covers those conditions.

CFAMM hopes the landmark move will lead more plan sponsors to include this kind of coverage in their benefits plans.

We predict that this, along with growing assent from banking institutions, is just one of many public displays acceptance we’ll be seeing in the days leading to Canadian cannabis legalization.

February 21, 2018

by Parker Wallace

Profile photo of Parker Wallace
Parker is a cannabis enthusiast to the core who shares a keen interest in listening to what others have to say and understanding what’s important to them. Those who know Parker know that his passion for health and wellness runs deep, and his love of Canada even deeper!

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