All you need to know about Short Term Health insurance in Canada. Continue reading to what it entails.
Short-term health insurance in Canada for foreigners is not a commonly offered product.
Canadian citizens and permanent residents are typically eligible for publicly funded health care through the Canada Health Act, and temporary residents (such as tourists or international students) may be required to have private health insurance to cover their stay in Canada.
However, these policies are typically designed for longer-term stays and may not be suitable for those in need of short-term coverage.
It is possible for foreigners to purchase travel insurance that includes health coverage for their trip to Canada.
These policies are typically offered by insurance companies and can be purchased before leaving for Canada.
They generally cover unexpected medical expenses and emergency medical evacuation, but may not provide the same level of coverage as a longer-term policy.
It is important to carefully review the terms and conditions of any short-term health insurance policy before purchasing it to ensure that it meets your needs.
Additionally, it is a good idea to check with the Canadian embassy or consulate in your home country to find out what health coverage is available to you while you are in Canada.
In summary, short-term health insurance in Canada for foreigners is not a common option, but travel insurance that includes health coverage can be purchased. It’s important to review the policy carefully and check with the Canadian embassy or consulate in your home country before purchasing a policy.
Written by Gavin Prout
While Canada provides provincial health insurance coverage to its residents, there are times when you may reside in Canada but not qualify for coverage under the Government plans.
In those circumstances, you may want to purchase a short term health insurance policy to protect you and your family from unexpected medical expenses.
Canada health insurance plans provide coverage for a variety of emergency medical expenses, including physician visits, hospital stays, prescription drugs, paramedical services and much more.
Without insurance coverage, you could be responsible for hundreds or even thousands of dollars in medical bills if you need medical treatment, but do not qualify for coverage under a provincial health care plan.
WHY DO YOU NEED SHORT TERM INSURANCE?
Most provinces have a 90-day waiting period before residents are eligible to receive coverage under the Government plans.
If you are a Canadian resident returning to the country after an extended stay abroad, you may not be eligible for care under your provincial plan for the first 90 days after you arrive.
With healthcare costs steadily increasing, remaining uninsured until you are eligible for coverage under your provincial plan is a risk that could have a devastating effect on your finances.
Obtaining Returning Canadians Insurance can help protect you from the financial impact of a medical emergency or accident.
HOW CAN SHORT TERM HEALTH INSURANCE PROTECT YOU AND YOUR FAMILY?
Short-term health insurance may help cover the cost of emergency medical care if you or a family member need it before you become eligible for coverage under your provincial plan, reducing the amount you have to pay out of pocket.
Furthermore, knowing that you and your family may obtain the treatment you need when you need it without going into debt is a major benefit of having enough coverage.
HOW DOES IT WORK?
You may choose between $150,000 in coverage for a person or $300,000 for a family.
You or a member of your family encounters a covered medical emergency, you pay your deductible (or opt for no deductible) and get the emergency care you need.
Once the deductible is met, your insurance company will begin paying for the rest of your medical expenses until you either exhaust your coverage or become eligible for provincial healthcare.
PURCHASING SHORT TERM HEALTH INSURANCE
A customer service representative can help you purchase a short term health insurance plan for you and your family.
Regardless of whether you have had this type of insurance before, you’re likely to have questions that a knowledgeable professional can answer for you.
Furthermore, an insurance expert can help you assess your needs and choose the benefits that are right for you based on your unique circumstances.
