Where is Health Insurance on your List?

20% of Canadians don’t have any type of health insurance, be it group insurance, personal insurance or even personal savings put aside in the event of a health crisis. Many Canadian families feel overextended financially taking into account the general cost of living.

Between managing child care costs, mortgage and vehicle payments, utilities, investing in a retirement fund, as well as other common expenses, the idea of planning for potential future health care costs might be at the bottom of the list for many busy families.

The scary truth is that a serious health issue such as a heart attack, stroke, cancer, or other serious illness/accident can result in very high medical bills. Having health insurance coverage can help to absorb the costs. 

Health insurance can be customized to meet your needs. There are plans specifically designed for families with children, individuals, students, and seniors. It’s a matter of doing your homework and obtaining a plan that suits your particular needs and budget.

Canadians need to put health insurance higher on the list!

For more information about customized plans for CAA members, go to  CAAhealth.ca.

Considering an Individual Health Insurance Plan?

If you’re looking for a supplemental health insurance plan you’ll find it under group insurance plans. This type of package covers members of a group and their eligible dependents. Some employers provide a group health insurance plan as part of an employee benefits program. Your eligibility would be determined by whether or not you are a full time employee and on how long you’ve worked for the company. In most cases, a worker must have been employed for at least one to three months, and part timers are not usually eligible.

If you don’t have a group insurance plan at work, you can purchase an individual insurance plan.  If you are part of an association such as a university or CAA you may get exclusive rates not available to the public by purchasing the plan sponsored by the association. 

Remember, when you are no longer an employee of the company, or you cease to be a part of the association, you no longer have coverage.