A Guide to Extended Health Insurance Advantages

The health care system in Canada consists of a group of socialized health insurance plans that provide preventative care and medical treatments to everyone in the country. People have access to medical services from primary care physicians at hospitals and they qualify for health coverage in spite of their medical history or income.



However, it does not cover all. When it comes to surgeries, dental services, optometrists and treatments, people have to depend on private companies for extended health insurance.



Most of the companies in Canada offer private health insurance to employees as a benefit package. It covers everything, including vision and dental care. Alternatively, an individual can also go for an extended coverage from the private insurance company directly. Having health insurance is important as it will help one to cover the essential medical and hospital expenses, which can otherwise prove very expensive. It is the case not only with employees but with others, including students and old people.



Extended health insurance provides an extended coverage for some medical services that are covered by the basic plan. And besides that it also provides coverage for services that are not available in the basic health plan. There are many advantages for buying this insurance:

1. These days health issues crop up regularly in one's life. It may be because of serious illness, injuries, or accidents or for dental treatments. You may be required to spend a lot of money to meet the medical expenses. Unforeseen expenses like this can leave you helpless or erode all your savings. Extended health care plans that offer full range of health, dental, drug and LTD benefits can save you from such crisis.

2. The coverage under this insurance plan includes prescription medication, including over-the-counter drug products, equipments and medical supplies, emergency expenses incurred while traveling to and from Canada, accidental dental, ambulance services and professional medical services.

3. The members of this plan are reimbursed all reasonable and customary charges incurred for obtaining specific medical services and products like prescription drugs, orthotics, physiotherapist and massage therapist services, nursing services and eyeglasses.

4. Under this plan, the insurance companies make payments directly to the pharmacies or hospitals and in case of claims; you can find them deposited directly to their bank account.

5. You are eligible for a Tax Letter and an Annual Benefit Statement if you are insured under the extended coverage.

6. To buy this health insurance is quite easy and convenient. Since there are many insurance companies who have posted their websites on the Internet, you can compare the premium rates to choose the best deal. Moreover, the companies follow strict rules to keep all the information provided by the insured confidential.



Being healthy is vital to living your life to the fullest, so make sure you buy extended health insurance to stay well and fully covered at all times in the unpredictable journey called "Life".



Do go for a well planned RESP for securing your children’s future. Make sure you seek assistance and guidance of an experienced and reliable insurance advisor for availing RESP Ontario.



For all your insurance related and RRSP in Ontario, do look out for an expert insurance and financial advisor. Make sure you get a secure your future with a well laid out RRSP plan.