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Health Insurance

Health insurance is insurance that pays for your medical expenses. It is sometimes used to include disability and long-term nursing needs. Most health insurance in Canada is administered under the Canada Health Act in every province. This means that all people are required to have free access to health services. Although private health insurance is allowed, only the select services that are not covered by the public health plan are allowed by the provincial governments.

Although Canadians are free to use private insurance for their medical services, such as cosmetic surgery and laser eye-correction, there is still approximately 65% of Canadians who use some form of supplementary health insurance. Some of the common health insurance policies are those received from employers.

Health insurance in Canada

There are two main kinds of health insurance (or health insurance plans), namely “Comprehensive” health insurance, and “Scheduled” health insurance. Comprehensive health insurance works by paying a percentage of hospital and physician costs after a deductible charge is met by the insured. Although this type is expensive, it is guaranteed to cover a wide variety of benefits.

On the other hand, scheduled health insurance is not meant to replace the traditional comprehensive health insurance plans. Instead, it simply works by a more basic policy, which provides day-to-day health care, such as visits to the doctor, or getting a prescription. Recently, such plans provide benefits for hospitalization and surgical procedures, and are thus limited. In other words, while this type of health insurance may be more popular, it is not effective for catastrophic events.

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