It helps pays for routine health expenses such as paramedical services, dental and vision care, and unexpected health expenses like hospital stays or prescription medications.
As a Canadian citizen, you'll be resident of a particular province and therefore covered under the local provincial government health insurance plan. Health insurance through an insurance company is designed to supplement your provincial health care plan, and fill-in any gaps where appropriate. For this reason, a health insurance plan in Canada is often referred to as an extended health care plan (i.e. it extends your government health insurance plan benefits).
In other words, a health insurance plan helps offset the cost of health and dental expenses that your provincial government health care plan doesn't pay for.
Health insurance plans cover a combination of routine expenses (i.e. planned predictable expenses), and unplanned expenses. Every plan will vary with regard to dollar amounts for these benefits.
There are a number of factors that can affect plan pricing, including:
Generally, insurance cost less for younger age groups, and more for older age groups.
Plan cost will vary depending on the number of people covered.
Plan cost can vary from one province/territory to the next.
Plans that include more benefits and higher coverage amounts come at a higher cost.
There are three main types of health insurance plans; Medically Underwritten, Guaranteed Issue, and Guaranteed Acceptance. The appropriate plan for you depends on your circumstances. An advisor can assist in determining the appropriate plan for you.
%20-%20min.jpg)
Health and dental insurance for self-employed individuals or anyone not covered by a employee group plan.
%20-%20min.jpg)
Health and dental insurance for those retiring or losing their employee group benefits.
%20reversed%20-%20min.jpg)
Health and dental insurance for those who may not qualify medically for another plan.
Send us a message and we'll get back to you within 1-2 business days.
.svg)
