Many people don’t buy don’t buy supplemental health insurance. They have many reasons for doing so.

“The Government covers me.”
“I’m healthy – I do not need insurance.”
“I have other financial priorities.”
“I’d only claim a few things a year.”

These people all have one thing in common: they’ll pay for their ever increasing health expenses out of their pocket. And, potentially put their family’s financial future at risk. Let’s take a moment to review each of these reasons.

“The Government covers me.”

Health insurance benefits provided by your government will only cover basic medical needs- like a trip to the hospital or doctor.

You will have to pay for prescription drugs, dental care, and vision care on your own.
Government reassessment of health care funding is putting more emphasis for health care spending on the individual. Varying provincial health coverage reductions for prescription drugs and specialized health care, coupled with shorter hospital stays and more care required outside the hospital all mean one thing – you pay more.

“I’m healthy – I do not need insurance.”

None of us likes to think about the possibility of becoming ill. But, if an accident or an illness were to happen it could cost you and your family your entire savings.

Supplemental health insurance provides peace-of-mind in the event that a serious accident or an illness may occur. Some recent statistics are shown below, relating to the frequency of serious illness amongst Canadians.
Health Statistics pertaining to the frequency of serious illnesses among Canadians:

“I have other financial priorities.”

Every year you could pay thousands in unexpected medical and dental expenses if you don’t have a health plan.

You could be especially vulnerable in the event you suffer serious illness or injury. Or you could use up your savings on private care, because your Government Health Insurance Plan, unfortunately, offers only limited coverage (Shown below) for home nursing care and in-home assistance.

For only dollars a day you can provide you and your family with comprehensive coverage you simply shouldn’t be without. And, if you’re self-employed or operate a small business your health pan could literally pay for itself.

Here is a quick overview of the limited coverage provided by your Government Health Insurance Plan when it comes to home care:

“I’d only claim a few things a year.”

Remember, the purpose of health insurance is to ensure your family’s financial security.

Although the dental, drug and vision components of a health plan are typically the most used benefits, the long-term value lies in the comfort of knowing you don’t have to worry about the uncertainties that come from relying entirely on our government health care system.