Will Insurance Pay for CBD Oil?

You can find CBD oil easily on the Internet. It’s easy to order and get CBD oil and other products shipped to your home. There are also some places where you can buy them personally. However, it might be pricey for some people. That’s why a question has been raised about it. “Will insurance pay for CBD oil?”

CBD Oil Costs

The price of CBD oil may vary depending on several factors. But, the most important factor in determining the price of CBD is the potency. This means that two bottles of CBD oil with the same amount may differ in price if one of the bottles is more potent or has more CBD in it.

The process and base materials used may also affect the price. More expensive CBD oil would come from organic hemp that’s pesticide and GMO-free.

Reliable CBD vendors would put their products through third-party laboratory tests. These tests usually show the amount of THC and CBD present as well as the presence of any harmful substances in the product.

Typically, CBD products would cost around $0.02 up to $0.20 for every milligram of CBD. It would depend entirely on the vendor you choose to buy from.

It may seem to be quite cheap. But with continuous use, the cost may rise especially when you would need higher doses. Some people end up quitting since they can’t keep up with the rising cost of using CBD oil.

Health Insurance and CBD Oil

There are scientific facts, testimonials, and doctors’ approvals for the great benefits of CBD. So, will insurance pay for CBD oil? The answer is `no’.  there are still no insurance companies in the US that cover CBD oil and other products.

Even when CBD oil is prescribed by a doctor, your health insurance company won’t cover the costs. There are possible reasons that prevent companies from giving CBD oil insurance coverage.

One of these reasons is the FDA or the Food and Drug Administration. It seems that the FDA doesn’t give much attention to products made with natural sources.

As of now, the FDA has only approved one drug for a rare type of epilepsy. Also, most CBD products aren’t approved as a medical drug. They are considered over-the-counter supplements that aren’t reimbursable from most insurance companies.

Another reason is that CBD is considered a component of marijuana even when the CBD product comes from hemp which is legal in some states.

Ways to Save Money on CBD Oil

Since CBD oil is not covered by health insurance as of today, people have found clever ways to save money for CBD.

  • Wait for the product to go on sale
  • Look for and use coupon codes
  • Buy in bulk for discounts
  • Leave reviews on the vendor’s site
  • Join loyalty programs

Once you’ve found a reliable supplier of CBD oil, you may be able to save more money than you think. Sellers tend to give their patrons a lot of good deals. So before you buy from CBD oil from just any seller, look for the best companies that you would likely stay with.