Sun Life Financial is adding medical marijuana as an option for its group benefits plans. The Toronto-based insurer’s chief executive Dean Connor said the move was influenced by rising interest from Sun Life’s employer clients.
“Medical marijuana has become a very important part of their treatment program and pain management program,” said Connor, referencing patients who have cancer, multiple sclerosis, rheumatoid arthritis, or those requiring palliative care.
Sun Life provides health benefits coverage to more than three million Canadians and their families, or one in six Canadians.
Starting March 1, plan sponsors will have the option to add medical cannabis coverage to extended health-care plans, ranging from $1,500 to $6,000 per covered person per year.
Read more at the Financial Post (Armina Ligaya)
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