Semaglutide Weight Loss Services and Insurance Coverage Tips

medispacover
October 10th, 2024
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Semaglutide Weight Loss Services & Insurance Coverage Tips

Due to the rising amount of litigation surrounding Compounded Medical Weight Loss Medications, underwriters are requiring additional information such as:

What weight loss medications are being offered?
If Semaglutide:
- Compounded?
- If so, by whom?
- Are there any sodium/acetate ingredients?
- Pills or injections?
- If injections, is this self-administered or administered by our Insured?
Are patient assessments being performed?
With what frequency is our Insured monitoring patients on weight loss drugs?
Any services offered to minors?

Conclusion:

Underwriters require additional information regarding Compounded Medical Weight Loss Medications in light of growing litigation. This includes a comprehensive account of weight loss medication, patient assessments, monitoring frequency, among other crucial details. For practices that provide semaglutide, the average premium cost starts at $5,000.

We encourage you to contact a WMPG representative for more information.

Written by:

Mark Holsbeke, Licensed Agent

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