Medicinal Cannabis Coverage
IS IT RIGHT FOR YOUR BUSINESS AND YOUR EMPLOYEES?
With the change in Canadian laws surrounding the
use of cannabis, discussion about its use is evolv-ing,
especially in the health care field. This means
that insurance companies are also shifting focus to
improve drug plan coverage to incorporate all kinds of medical
treatments, including medicinal cannabis.
There has been an increase in clients inquiring about this type
of coverage, especially with legalization raising interest with many
Canadians. With medicinal cannabis becoming more commonly
accepted in the country, how do companies decide if adding this
coverage is right for their business and employees? If it is, which
coverage will best meet the needs of employees and the company?
These are big questions that business owners and managers are
asking these days.
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There are three questions to consider in regard to the poten-tial
addition of medicinal cannabis coverage to an employee
benefits plan:
1. What do employees need in this coverage?
2. Which type of coverage is best for your business?
3. How will adding this coverage affect your business?
WHAT DO EMPLOYEES NEED IN MEDICINAL
CANNABIS COVERAGE?
Employees are likely to start asking about this coverage, if they
haven’t already. It is important to understand and anticipate their
needs in this area. This includes understanding which conditions
employees may want to treat with medicinal cannabis and the nec-essary
amounts required for treatment.
By Matt Houghton
tvirbickis / 123RF
HRPROFESSIONALNOW.CA ❚ NOVEMBER 2018 ❚ 57
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