Is the new Fuji Excursion covered by the JRP?

Traveldir

it is a new route as from March 2019, is it covered by the JRP?

Also, is any LTD. express to/from Obuse to IIyama station covered by JRP?

Thanks in advance for your reply!

Tenjin

1) Only the JR portion is covered. There are also only 2 departures per day (3 on weekends).
https://www.japan-rail-pass.com/japan-by-rail/travel-tips/fuji-excursion

2) No - Nagaden trains are not covered. But you can pay for the train to Nagano, and use the JR Pass on the bullet train between Nagano and Iiyama.