Segregated Funds

Provincial medical insurance plans do not cover out of province medical emergencies. These expenses can upset your budget while traveling. Unexpected expenses can get overwhelming if you are out of province. So, getting a travel insurance becomes imperative.

Who needs Private Health Insurance?

Self Employed
Small Business Owner
Student and Recent Grads
Recent Immigrant
Retired or Planning Retirement
No access to Group Benefits

Supplement your provincial health plan

While provincial health plans provide coverage for many health expenses, there are gaps that can have a significant impact on your finances. For example, depending on the province or territory where you live, you may have to pay for:

Coverage beyond your provincial medical plan

Provincial medical insurance plans do not cover out-of-province medical emergencies. These expenses can upset your budget while traveling. Unexpected expenses can get overwhelming if you are out of province. So, getting travel insurance becomes imperative.

Prescription drugs to treat a chronic or serious health condition
Emergency medical services provided in another country
Practitioners like physiotherapists to promote wellness or help with injury recovery
Medical equipment to assist with your mobility
The additional range of features include various non-conventional dental and health benefits such as vision, dental, hospital stays, prescription drugs etc.

Also, please be aware of the fact that premiums of the private health insurance plans are eligible for the medical expense tax credit as per the Canadian Federal Income Tax Act.

Segregated Funds

Provincial medical insurance plans do not cover out of province medical emergencies. These expenses can upset your budget while traveling. Unexpected expenses can get overwhelming if you are out of province. So, getting a travel insurance becomes imperative.

Who needs Private Health Insurance?

Supplement your provincial health plan

Coverage beyond your provincial medical plan

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