Travel insurance
Most Canadians have the urge to fly to exotic destinations overseas or just drive to Florida with the family; but what happens if there is a need for emergency medical treatment when you are outside the province or even Canada? Provincial health plans cover only a small percentage of health care costs incurred outside of Canada and limit coverage in other provinces or territories. More specifically, Quebec does not have a reciprocal billing agreement with the rest of Canada, which means that you have to pay for treatment immediately, even for covered medical expenses, and then request reimbursement from the provincial plan later. . Depending on the severity of the problem, paying out of pocket for emergency medical care while away from home can financially cripple an average Canadian family.
Hospital and medical costs at vacation spots in the United States such as Florida can amount to more than US $ 10,000 per day, yet OHIP, for example, limits care. out-of-province emergency daily health care plans at CAD $ 400. Even the cost of an air ambulance to repatriate a patient from the United States can run up to US $ 75,000. Without private travel insurance, patients are personally responsible for expenses exceeding the limits of provincial plans.
What type of travel insurance to choose?
The benefits, amounts and exclusions of travel insurance plans vary greatly from offer to offer, so it is important to read the policies carefully to understand the circumstances under which coverage would be accepted or rejected. Only by fully understanding the parameters and the different guarantees that you can objectively assess which one is right for you. Here's a checklist of features to look for:
A guarantee with a high amount: hospital and medical costs can be high. Choosing a high amount gives you peace of mind and reduces cases where the treatment is more expensive than the guarantee. Guarantee amounts up to $ 5,000,000 are commonly offered.
Travel and emergency medical assistance: 24/7 access to support in multiple languages if needed. It can be tedious if it is not possible to speak with others when help is needed.
Complaints service: access to expert consultants when needed.
Multi-Trip Guarantee Programs: Multi-trip programs save frequent travelers money by providing guarantee for a specific period, not a certain number of trips. For example, if you need a total of 15 days of warranty for multiple trips in a year, the multiple trip warranty would be perfect for you.
Extended Stay Programs: Particularly useful for migrating retirees, these programs offer warranty options for those who spend up to six months per year abroad.
Payment according to the tariffs charged at the destination: this feature can be advantageous when traveling to a destination where health care costs are lower than those in the country of origin, thus reducing the price of the guarantee .
Assistance in the event of loss or theft of documents: this service is invaluable in the event of loss of passport while traveling abroad.
Easy Application Process: To take the leap and choose to purchase travel insurance, there is no need to go through a lengthy application process. Look for insurers who have found the right balance by asking the right questions without wasting your time.
High Customer Satisfaction Rate: It speaks volumes. The higher the satisfaction rate, the more worthy of interest in the company.
Where to take out a guarantee?
Most provincial health insurance plans recommend purchasing travel insurance for people who plan to leave their home province for work or play, so the question is: where to buy travel insurance?
Guarantee offered as a benefit by the employer: Some employers offer travel insurance as a benefit to employees or members of an organization. This benefit is often offered free of charge to those lucky enough to benefit from it.
Credit Cards: Some premium credit cards offer travel insurance as a benefit. It is important to know that this type of credit card requires the payment of an annual fee, but if you already have one, it is best that you determine what the guarantee is offered.
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