This page provides information to Canadians about information about senior
health insurance. |
It is a fact of life that as we get older, we become more familiar with
our health care system! Clearly, this means higher costs for both us and
our insurance company. Provincial health
care coverage does cover some of the cost increase but not all of
it, and not all the services that we might require for ourselves or for
aging members of our family. This is why senior health insurance is important.
Supplemental health insurance
is becoming popular among seniors who would like more protection for themselves
(other than government medical insurance). The supplemental insurance
is a means of extending your coverage and reducing your out of pocket
costs. Provincial coverage is partial at best, especially for prescription
drugs, preventative medicine and private care.
Supplemental insurance provides coverage for the following:
- 365 days of hospital care
- 3 pints of blood
- provincial coverage deductibles
- provincial coverage co-payment
- prescription drugs
- dental coverage
- foreign travel emergency
- at home recovery
- preventative care
- skilled nursing co-insurance
See an example of a supplemental insurance
enhanced plan.
Anther great benefit of insurance is tax deductions. The premiums are
deductible and any eventual benefits you receive are tax-free as well.
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