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Canada’s universal health-care insurance system complete Guide

A health insurance policy extends coverage against medical expenses incurred owing to accidents, illness or injury.

it covers medical expenses that arise due to an illness. These expenses could be related to hospitalization costs, cost of medicines or doctor consultation fees. checkout US life insurance policy 

An individual can avail such a policy against monthly or annual premium payments, for a specified tenure.

During this period, if an insured meets with an accident or is diagnosed with a severe ailment, the expenses incurred for treatment purposes are borne by the insurance provider.

Types of Health Insurance

There are two basic types of health insurance:

1. Mediclaim Plans

Mediclaim or hospitalization plans are the most basic type of health insurance plans.

They cover the cost of treatment when you are admitted to the hospital.

The payout is made on actual expenses incurred in the hospital by submitting original bills.

Most of these plans cover the entire family up to a certain limit.

2. Critical Illness Insurance Plans

Critical Illness Insurance Plans cover specific life-threatening diseases.

These diseases could require prolonged treatment or even change in lifestyle.

Unlike hospitalization plans, the payout is made on Critical Illness cover chosen by the customer and not on actual expenses incurred in the hospital.

The cover gives the flexibility to use the monies for changing lifestyle and medicines.

Also it’s a substitute for income for the time you could not resume work due to illness.

Payout under these plans are made on the diagnosis of the disease for which the original medical bills are not required.

Why you  should have health insurance Today

Nobody in this life wants to get ill. but you have to consider that a serious illness can befall anyone at any time.

And sometimes if you have made a plane of how to spend the money in your hand it becomes very difficult to release money at time time of sickness.

considering the cost of treatment in the country today you finds out that it is costly.

lets  take for Example Herceptin, a cancer medicine costs approximately  1,10,000 for a vial of 440 mg. Depending on the weight, a patient usually requires 17-19 bottles for treatment over a year . That’s  18 – 20 lakh just for the medicine~.

Then add hospitalization costs, doctor consultation fees, chemotherapy costs, etc. and your overall expenses could exceed 25 lakhs.

These costs which are already very high are increasing every year. Most smart people have taken necessary precautions to insure their health as soon as possible.

Health insurance is a living benefit, where you would need monies at the time of dire need.

One disease can drain out all the savings you have made for your children’s education, marriage, for buying a house or even retirement.

You would not want your family’s dreams to get shattered just because of an illness, especially when you could have protected yourself financially.

It is beneficial to take a health insurance policy when you are young and healthy .

As you get older, not only does your premium increase, but you also stand a chance of being denied a health cover by the insurance company.

A health insurance policy is an essential requirement in today’s fast-paced lifestyle.

Protecting yourself and your loved ones from any eventuality that could leave you financially handicapped is a must.

For instance, the HDFC ERGO my:health Suraksha and my:health Medisure Super Top Up offer comprehensive coverage and various benefits that can ensure your financial security.

This is because these products  cover day-care procedures, treatment at a wide network of hospitals, pre and post hospitalization costs and even insure your mental illness treatment, among other things.

With inclusions like these, you would not have to worry about a medical condition putting a strain on your finances. checkout best Pet insurance companies in US

So, do your due research and choose  a health insurance plan that suits your needs

How to make a good choice of health insurance plan in Canada

All the people that has health insurance knows it is smart to make such decisions, as long as you have your earnings.

After checking out the importance and decided to buy  one health insurance, then below are you are going to make a goods one that can take care of your health needs.

Make sure that the health insurance plane covers:

  • Protection against a large number of critical illnesses
  • Flexibility to choose your health cover
  • No increase in premiums during the policy term even if your health condition changes
  • Long policy term that covers you even in your old age
  • Large hospital network for easy access to medical treatment

Canada’s health-care system

If you’re a Canadian citizen or permanent resident, you may apply for public health insurance. With it, you don’t have to pay for most health-care services.

The universal health-care system is paid for through taxes. When you use public health-care services, you must show your health insurance card to the hospital or medical clinic.

Each province and territory has their own health insurance plan. Make sure you know what your plan covers.

All provinces and territories will provide free emergency medical services, even if you don’t have a government health card. There may be restrictions depending on your immigration status.

If you have an emergency, go to the nearest hospital. A walk-in clinic might charge fees if you don’t live in that province or territory.

In getting public health insurance In some provinces you must wait, sometimes up to 3 months, before you can get government health insurance.

Contact the ministry of health in your province or territory to know how long you’ll need to wait. Make sure you have private health insurance to cover your health-care needs during this waiting period.

Some of the companies where you can have your  health insurance in Canada are the following:

One of the significant advantages that Canadians have is plenty of Insurance Companies to rely on. In Canada you have different kind of insurance companies, and many of them offers health insurance.

They are the following:

This is a large and well known health insurance provider not only health they provide many others. And one important thing about them is that they offer extended Health care insurance

Their website is quite simple and self-explanatory.

They state they offer this type of insurance. Coverage is available for the entire family.

The dental health care is not available as a separate package. It is part of the extended health insurance package.

 

manulife

This company offers Insurance called Flexcare Health and Dental.

It is a mix and match type of health insurance. It has a base number of products

The combination of both plus a vision  care included as the  extended healthcare coverage.

Optional are several adds on like hospital care and travel.

 

great west life

 

This  is an insurances company  that concentrates on only two forms of healthcare coverage packages.

Enhanced Healthcare for Individuals or Families. In this category, the Company offers three different packages. These are the  Core, Core Plus, and Core Elite packages.

They each over different amounts of coverage. Then there are extra add-ons that the insured can choose.

 

this is one of the most famous in Canada that provide different kind of insurance plan.

There is the Basic Blue Choice and the Basic Plus.

Then there is also the Blue Choice Balance or the Blue Choice. Most of these plans are packages. There is one exception to this. It is the Blue Choice.

This plan allows for individual choices for different coverage.

 

gms

This insurance company put its utmost effort  in extended health care.

They offer a variety of different programs. There is the Omni Plan. It is for extended health care that is extensive. Then there is the Extend Plan.

It focuses on more coverage. Some of its highlights are medical supplies and equipment. Plus, variations in medical specialists.

 

scotiabank

 

This extended health care seems appropriate as an add-on to other extended health plans.

They do accept individuals and families. There are specific rules in place for those who are over the age of sixty-five.

They appear to be quite strict about pre-existing conditions.

One of the significant advantages that Canadians have is plenty of Insurance Companies to rely on. They provide different types of insurance. Many of them offer health insurance. It is great. However, it creates a challenge as to which ones are the best. you may also like to check out the reason why insurance is important 

There are common denominators of what the health insurance covers. Each Insurance company likes to offer something that is unique. Or, something at least they feel is better than their competitors.

The following are ten of what many consider to be the best Insurance Companies. At least when it comes to the Health Insurance, they each have to offer.

Manulife

manulife

Manulife offers Insurance called Flexcare Health and Dental. It is a mix and match type of health insurance. It has a base number of products. For example, like coverage for prescription drugs and dental services. Then also a combination of both of these plus vision care. Also included is Extended health care coverage.

Optional are several adds on like hospital care and travel. Also, these are just a few examples.

FollowMe is another health care plan. It is one that is simple and affordable and can follow the insured when they change workplaces.

Sunlife Financial

Sunlife is another large and well-known insurance provider. Among their products is health insurance. They like to refer to this as extended health care insurance.  Their website is quite simple and self-explanatory. They state they offer this type of insurance. Coverage is available for the entire family. The dental health care is not available as a separate package. It is part of the extended health insurance package.

GreatWest Life

great west life

GreatWest Life is an insurance company who focuses on two health care coverage packages. Enhanced Healthcare for Individuals or Families. In this category, the Company offers three different packages. These are the  Core, Core Plus, and Core Elite packages. They each over different amounts of coverage. Then there are extra add-ons that the insured can choose.

Plan Direct is another package offered through GreatWest Life. It is more for individuals who are about to retire. Or, for those that are leaving their company and going to another one. There is no medical exam needed.  They also accept applications from those with pre-existing medical conditions.

Ontario Blue Cross

Blue Cross is an insurance provider well known to Canada. It includes Ontario Blue Cross. For this province, there are several different plans. There is the Basic Blue Choice and the Basic Plus. Then there is also the Blue Choice Balance or the Blue Choice. Most of these plans are packages. There is one exception to this. It is the Blue Choice. This plan allows for individual choices for different coverage.

GMS Health Insurance

gms

It is an insurance company that seems to put most of their focus on extended health care. They offer a variety of different programs. There is the Omni Plan. It is for extended health care that is extensive. Then there is the ExtendaPlan. It focuses on more coverage. Some of its highlights are medical supplies and equipment. Plus, variations in medical specialists.

There is a Basic Plan. It would seem this plan is ideal for those that want something simple. Also, there is extra coverage. It is for those that want even more coverage.

Scotia Life Health and Dental Insurance

scotiabank

This extended health care seems appropriate as an add-on to other extended health plans. They do accept individuals and families. There are specific rules in place for those who are over the age of sixty-five. They appear to be quite strict about pre-existing conditions.

State Farm

state-farm

Some insurance companies put more focus on their health care coverage than others. State Farm offers many different types of insurance.

It doesn’t appear as though they make the health care coverage any more important than the others.

They advertise that their personal health care plans cover the same as their group plans. Among the list of coverage, they do include alternative care coverage.

It may be more important to some people  There are a lot that is turning to natural health care. It can be expensive. To have some coverage for this might be appealing.

And many other health insurance you can go for in Canada

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