While Canadians have access to hospital and physician services, benefits such as dental care and drugs are generally not given. Many people have to spend out of pocket for supplemental benefits like dental care. To avoid that burden, if it is not covered by an employer sponsored plan, the best thing is to get a medical and dental insurance plan for yourself and your family.If you do not have access to health benefits or group insurance through your employer, then an individual health plan is an excellent option to ensure you and your family are covered. You should consider buying health insurance whether you are self-employed, retired or between jobs. Medical and dental insurance helps to reduce the burden of paying for medical bills or other expenses in case of an unforeseen illness or accident. An individual medical and dental insurance plan can help you pay for prescription drugs, vision care, hearing aids, practitioners such as physiotherapists and medical assistance equipment.
Individual health plans have built in optional components. This allows you to build a policy which is right for you and your family. The options include things like dental, drugs and vision. You may also select a program where you pay a percentage of the drugs, called co-pay. The Majdoub Group, Ontario has more than thirty years of experience advising clients on which is the best medical and dental insurance for them and their families. Financial advisors at Majdoub Group can also help you decide which plan and how much coverage is sufficient for you.
Personal medical and dental insurance is a good option if you:
- do not have health benefits through your employer
- have lost your group coverage recently or are going to do so soon
- want to add additional benefits not offered in the employer plan
Several individual medical and dental health insurance plans are available to supplement your provincial health plan. The Majdoub Group can help you choose the best supplemental medical and dental plan with great benefits including dental, vision and drugs. They can also help you understand which expenses are eligible medical expenses for tax purposes.
In order to protect the validity of the program, the applicant will have to complete a health questionnaire prior to issuing a policy. If health issues are found, the company has the right to exclude a pre-existing health problem in the family such as asthma puffers, other prescribed drug use etc. There is however a Basic Plan that doesn’t require a medical.
The individual health plan has built in optional components. this allows you to build a policy which is right for you and your family. The options include things like Dental, Drugs and Vision. You may also select a program where you pay a percentage of the drugs (called a co-pay).
Note that an individual plan is often a little more restrictive than the group insurance. However these individual plans offer coverage where no other plan is available.