Critical Illness Insurance
Critical illness insurance (CII) is coverage that can help you pay the additional costs associated with life-altering illnesses like cancer, stroke, heart attack, and dementia.
Why do you need critical illness insurance?
If you’re diagnosed with a covered illness, your critical illness insurance policy can help you pay for expenses that your provincial or territorial health plan doesn’t cover.
Many Canadians assume that their government health plan or workplace benefits plan will cover many of the medical costs associated with a life-altering illness. However, these plans might not cover all the extra costs that come with managing a critical illness.
With CII, you can receive a lump-sum payment that you can use but you need it so that you can focus on your recovery.
Disability Insurance
Disability insurance (DI) helps protect you financially by replacing a portion of your income. You receive a benefit if you’re ever diagnosed with a covered medical illness, mental health issue, or injury that prevents you from working.
What makes disability insurance different from other health insurance is that it is insurance for your income and is linked to your ability to work. It can help you meet your financial obligations during your recovery until you can return to work. When you’re unable to work because of an illness or injury, your income stops – but your bills don’t. Disability insurance can help you cover your bills in the short and long term so that you can focus on managing your health and condition.
Personal Health Insurance
Personal health insurance (also known as private health insurance) is coverage that can help you cover the cost of preventive care or medical bills due to an illness. It can help pay for several health-related expenses, including:
- Prescription drugs to treat a chronic or serious health condition,
- Dental care such as teeth cleanings, braces, dentures, and crowns
- Vision care needs such as eye exams and prescription glasses
- Emergency travel medical services when you travel to another country.
- Physiotherapy to help with injury recovery.
- Medical equipment to help with your mobility.
Why do you need personal health insurance if you have government healthcare?
Provincial and territorial health plans in Canada provide coverage for certain health expenses, but they generally won’t pay for all your medical bills. In some cases, you may not get any coverage at all and may have to pay out-of-pocket for various healthcare costs.
Travel, Visitor, and Super Visa insurance
These types of insurance can help protect you from the difficulties that come from unexpected medical expenses, for peace of mind. You’ll know you’re protected in case of an accident or sudden illness. To cover unexpectedly high bills. The cost of medical care can be much higher than you think.
Group Health benefits plan
A group health benefits plan helps employees cover the cost of things that provincial health care plans may not pay for, including certain prescription drugs, dental, hospital, vision, paramedical, and ambulance services. You can also combine your group benefits plan with a retirement and savings plan to help your employees reach their financial and retirement goals.