Canadian medical health insurance business Sun lifetime now covers medical cannabis in team benefits plans
Major Canadian medical insurance business Sun lifetime Assurance Co. of Canada is now providing coverage that is optional medical cannabis. Beginning this thirty days, the Toronto-based insurer is enabling companies to incorporate a medical cannabis choice with its group benefits plans.
Sun Life Assurance, which operates through Sun lifetime Financial Canada, is the initial Canadian insurance company to supply an extended-health care plan that features optional medical cannabis protection.
Sun Life supplies group dental and health advantages to around 22,000 businesses in the nation — or 3 million workers plus their loved ones. This means one out of every six Canadians.
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Sun lifetime stated in a pr release that its maximum yearly protection ranges from C$1,500 to C$6,000 per 12 months per individual and therefore it pertains to medicinal cannabis that is dispensed according to federal federal government laws. What’s more, plan people, along with their dependents, will need to satisfy criteria that are clinical will need to go through the approval process.
“Because that is a thing that our clients happen continuously Requesting, we have reviewed and evaluated it, and generally are now offering it as being a plan benefit for medical purposes.” – Dave Jones, senior VP of team advantages at Sun Lifestyle