Health Insurance

Creating the Personalized Health Plan that Best Insures You Against Future Medical Conditions

Health insurance means ensuring your access to timely medical treatment and facilitating financial stability in your time of need. Whether it's the sudden onset of a critical illness, assistance for elderly family members, extended medical coverage, or greater access to medical services, health insurance is vital in keeping the financial burden off of you and your family.

CanEquity Insurance has been working with Canadian families for over seven years, helping clients balance their finances while owning a home and taking care of their family. Our brokers are experts in planning for the future, offering a wide range of solutions for both life and health insurance. We will help you compare policies and acquire the best coverage for you and your family, meeting any unique requirements. Our goal is to financially prepare you for any health issues that you may encounter, and to ensure that you are quoted the best insurance rates in Canada.

Maintaining Financial Stability in a Time of Need

Nearly 50 per cent of all retired Canadians require living assistance or extended care. These services can very quickly drain a lifetime's worth of savings. With a growing number of Canadians approaching the age of retirement, the load on the health care system is expected to increase dramatically. Taking into consideration these factors, the care of those in question can easily become dependent on family.

As the prime income earner for your family, are you financially prepared if, through accident or illness, you became disabled? Having a contingency plan, such as disability insurance, in place or added coverage, to enable better medical attention, becomes essential.

Health insurance has a large variety of assets:

• Preparing for retirement: Having long-term care insurance in place can help ensure that when assistance with day to day living becomes a requirement, you get what you need, and your family isn't offset by the expense of this care.
• Being prepared for a health and wellness disaster: A sudden loss in income due to critical illness or accident can leave those who depend on you in a financial crisis. Critical illness and disability insurance coverage are excellent ways to help with the home and auto payments, education and medical bills that will still need to be paid.
• Getting medical attention: Canada's medical system is excellent, but it is also heavily burdened. Wait lists for minor surgeries, MRI and diagnostic imaging and other health services can be quite lengthy, spanning months and even years. Medical access insurance will expedite your access to the treatment and diagnostics you require.

Critical Illness Insurance

Critical illness insurance protects Canadians from the unexpected financial burden of a critical illness. These policies cover illnesses and diseases such as heart attack, life threatening cancer, stroke, heart surgery and more. Critical illness insurance pays out in the event that the insured is afflicted with an ailment covered by the policy, allowing the beneficiary to do whatever it is that they need, whether it's getting childcare, taking time off work or travel for medical treatments.

• Insurance against critical illnesses such as heart attack, life threatening cancer, stroke, heart surgery and more.
• One-time tax free payout to the beneficiary that allows them to use the money however they need.
• Some policies grant partial payouts for up to 25% (maximum $50,000) for specific medical situations.

Disability Insurance

Disability insurance is a line of products aimed at providing protection against inability to work due to injury or illness. While to some extent Workers Comp. and the CPP Disability benefit may be generally available, their claims approval processes are very difficult to pass through. Independant disability insurance provides peace of mind knowing that you have income protection no matter what life throws at you.

• 1 in 3 canadians will be disabled for on average 3 years of their lives.
• 92% of claims made to the Workers Compensation Board are rejected.
• Independant disability insurance helps get you approved in case of injury or illness.

Long-Term Care Insurance

Long term care insurance can help with the expenses of anyone aged 18-80 who requires long term care. This insurance is available to provide for people who require assistance eating, bathing, dressing, using the washroom, walking or getting in and out of bed. Nearly 50% of all Canadians aged 65 or older require some level of long term care. Payments may be structured around reimbursing eligible expenses or paying a pre-determined amount on a daily or monthly basis.

• Anyone aged 18-80 may qualify for long term care insurance.
• 50% of Canadians aged 65 or older require assistance on a day to day basis.
• The policy provides coverage for day to day expenses.
• Can either reimburse eligible expenses or provide a daily or monthly amount.

Supplemental Health Insurance

Medical Access Insurance, also known as Supplemental Health Insurance, is a way to get past the Canadian medical wait list. It will help you see a specialist sooner, get diagnostics like MRI and CT scan done quicker, and help you get through surgery much faster. Medical Access Insurance works by giving you access to a network of over 400,000 doctors in 3500 facilities across North America. If medical services aren't available in your home area, Medical Access Insurance will pay your way to get a diagnosis and treatment anywhere on the continent.

• See a specialist in less than 3 weeks, instead of waiting an average of 38 weeks in public health.
• Privileged access to internationally renowned specialists
• Will pay the cost of travel to get medical services anywhere in North America.
• Available in both group and individual policies.

Please don't hesitate to contact us about any other type of insurance or coverage because this list is just the beginning. CanEquity Insurance professionals are online now and ready to assist you with all of your insurance and mortgage needs.