We are all aware that healthcare funding is continually being reassessed. As governments reduce coverage for some healthcare services and cease to provide others, more responsibility is placed on Canadians to pay out-of-pocket for their routine health-related services. For example, government health insurance plans generally don’t cover expenses such as dental care, prescription drugs, vision care, preferred hospital accommodation or registered specialists and therapists.
If you are self-employed, retired or working for a small business and therefore don’t have a group health plan to rely on, there’s a very good chance you will need a supplemental health insurance plan. If you are self-employed, your premiums for this kind of coverage may be tax-deductible. Supplemental health insurance premiums may be considered a non-taxable benefit for employees too!
These products include:
- Injury Only and Injury and Sickness Disability Insurance
- Business Overhead Expense Insurance
- Critical Illness Insurance
- Final Expense Insurance
- Health & Dental Insurance