Health insurance summary
Risk of illness and injury is something we all have. Both are unfortunate realities to many people. This insurance can provide money for treatment or time in a long term care facility. It can replace lost income or pay for travel to and from doctors.
Sometimes health insurance is referred to as "living benefits"; because, unlike life insurance, the insured person is alive and receiving the benefit.
There are 4 types, all with a common purpose - to make sure your finances don't suffer
when your health does.
| Personal health insurance | Critical illness insurance | Long term care insurance | Disability insurance |
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This pays for medications, dental work and other health costs. Similar to benefit plans at work. Leaving a group plan? If you are leaving a group benefit plan, Health Coverage Choice can replace many of the benefits you had at work. |
If you get sick with one of the illnesses covered by your policy, and survive the waiting period, this pays you a lump sum to cover your expenses. Travel for treatment. |
Pays for the costs of long term care in installments. Covers cost such as:
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If you get hurt, this replaces some of your income. It's paid out in installments until you are able to work again. |
| More details on personal health insurance |
More details on critical illness insurance |
More details on long term care insurance |
More details on disablility insurance |
As a member of the Canadian Life and Health Insurance Association (CLHIA)
, we're committed to the insurance industry's initiative to give consumers clear information about insurance products and companies.