Cannabis Reclassification Means Some Coverage For Medicare Recipients

Cannabis Reclassification Update: Potential Benefits for Medicare Recipients The White House has issued a directive to expedite the reclassification of cannabis under federal law, which may lead to certain benefits for Medicare recipients.

Cannabis Reclassification Update: Potential Benefits for Medicare Recipients

The White House has issued a directive to expedite the reclassification of cannabis under federal law, which may lead to certain benefits for Medicare recipients. This development could have significant implications for older adults who use cannabis-based products.

Cannabis is a group of plants that includes both marijuana and hemp. The term "cannabis" is often used to refer to the plant as a whole, rather than just its psychoactive compound, THC. Under current federal law, cannabis is classified as a Schedule I drug, which means it has no accepted medical use and a high potential for abuse.

However, President Donald Trump's executive order directs Justice Department officials to accelerate the process of changing marijuana from a Schedule I to a Schedule III drug. This reclassification would position cannabis as a compound with a moderate to low potential for physical and psychological dependence.

While the schedule change is expected to face legal challenges and a lengthy implementation period, there are potential benefits for Medicare recipients. As part of this initiative, older adults on Medicare may be eligible for reimbursement for certain cannabis-related products, including CBD-based products. The program could start as early as April 1.

It's essential to note that the reimbursements may not be available under Medicare Advantage (Part C) plans. We recommend checking with your specific insurance provider for more information.

The potential benefits of this initiative are significant, particularly for older adults who use cannabis-based products. A recent study found that 14% of people aged 65 and older reported using a CBD product in the prior year. Sherry Yafai, MD, an emergency medicine physician and founder of The RELEAF Institute, believes that the reimbursements would be highly beneficial for this population.

We will continue to monitor developments on this issue and provide updates as more information becomes available.

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