The answer depends on when your policy was written. If your policy is PPACA compliant, meaning it was written for an effective date 1/1/14 or later, it will contain coverage for "Clinical Trials", as one of the Essential Heath Benefits. Clinical trials mean that medicine and treatments which have not yet received FDA approval but would substantially improve or extend the quality of ones health, can be covered by insurance. Naturally, it will be paid according to the terms of your policy. Ones life has to be in jeopardy for treatments to be covered. For example, treatment to grow hair is a clinical trial, but insurance probably won't cover it as it won't extend life. Hopefully you won't need clinical trials, but it is good to know they are available on the 2014 Affordable Care Act health insurance plans.
Jeanine Kinzie is a Licensed Health Insurance Agent, Licensed Life Insurance Agent and a Federally Facilitated Marketplace Enroller / SHOP Marketplace Enroller from Grand Rapids, Michigan. Jeanine is licensed in MI, TX, IN, IL, WI, AZ, VA, AL, VA, & OH.
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About Jeanine Kinzie
I love to work one-on-one with my clients to provide safe investment choices which will contribute to the financial success and security of individuals and families.
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