The shock of the physical discomfort is disconcerting enough; you don’t need a devastating bill to make it even worse. Individuals without health benefits are subject to expensive fees for certain treatments. These costs are magnified when they involve a family. Canadians have access to public health insurance, which covers some health costs. Personal health insurance, however, can help cover health expenses not funded by provincial plans. Health insurance helps you pay for medical care. You usually pay a monthly fee to get insurance coverage. That fee is called a premium.
What is Health Insurance?
Depending on your health insurance policy, the insurance company pays for your covered health care expenses. You pay the insurance company a monthly premium and you’ll get reimbursed for eligible health expenses. This can include medical, dental, vision and other healthcare expenses that aren’t covered by your provincial or territorial healthcare plan.
- Emergency Travel Medical Services: when you travel to another country
- Medical equipment: to help with your mobility
- Psychologists: access to social workers and mental health treatments
- Physiotherapy: to help with injury recovery with chiropractic or massage
- Prescription Drugs: to treat a chronic or serious health condition
- Routine Dental: such as teeth cleanings, braces, dentures and crowns
- Vision: such as eye exams and prescription glasses
What isn’t Covered by Canadian Health Care?
The Canadian public healthcare system, known as Medicare, is funded by taxes. It covers all care deemed medically necessary, including hospital and doctor visits, but doesn’t provide a prescription, dental, or vision coverage. Personal health insurance is ideal for Canadians, or those living in Canada, if you:
- Don’t have group insurance at work
- Are a recent immigrant
- Are a small business owner, contract worker or self-employed
- Are looking to top up your group benefits
How Much is Health Insurance in Canada?
Keep in mind that this cost would vary depending on factors such as the overall coverage, deductible, number of dependents, age, health history, and province or territory of residence.
Buying Private Health Insurance in Canada?
Flexible and affordable insurance tailored to you. Personal health insurance can help anyone get the coverage they need to pay for various health care expenses. It’s helpful as a layer of financial protection, especially if you don’t have health insurance or benefits through an employer.
Lost Your Health Insurance from Work within 60 Days?
Coverage begins when your employee health coverage ends. If you’ve left your group plan with any insurance provider in the last 60 days, you can replace your current health insurance coverage with one of our plans. You won’t have to answer any medical questions and you won’t have a gap in coverage.
Guaranteed Acceptance Health Plan
Provides basic health coverage for routine medical expenses and covers pre-existing conditions without medical questions. You can add perks such as optional drug coverage and out-of-province travel coverage.
Related
- Critical Illness Insurance
- Life Insurance
- Term Life Insurance
- Universal Life Insurance
- Whole Life Insurance
