A guaranteed issue health and dental insurance plan is a preferred option for those currently covered by an employee group benefits plan, or has recently lost their employee group benefits (within the last 60-90 days).
The term 'guaranteed issue' refers to the fact that no medical questionnaire is required, and the insurance company will issue your coverage on a guaranteed basis - so long as you transition to a plan within 60-90 day of your employee group benefits terminating.
As with any health insurance plan, it is designed to help offset the cost of health and dental expenses that your provincial government health care plan doesn't pay for.
Guaranteed issue plans tend to offer moderate value relative other plan types (i.e. moderate benefits per dollar), however this is because they will cover pre-existing conditions.
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Individuals and families who is currently covered by an employee group benefits plan, or has recently lost their benefits (within last 60-90 days).
Individuals and families who have recently lost their employee group benefits (within last 60-90 days).
Individuals and families who have medical history and 'pre-existing conditions' that they want to ensure are covered.
Individuals and families who want/need a 'bridging' solution to avoid gaps in coverage while they shop for a Medically Underwritten plan.
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 two other types of health insurance plans; Medically Underwritten, and Guaranteed Acceptance. The appropriate plan for you depends on your circumstances. An advisor can assist in determining the appropriate plan for you.
Send us a message and we'll get back to you within 1-2 business days.
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