Canadian Life Insurance, a look into a Private System

Canadian Life Insurance runs privately. It is available to individual and families and is subject to employer health plan. When an employer health plan exists, this scheme is not available. This plan covers all medical expenses like dental work, prescription drugs, eyeglasses, and private and semi private hospital rooms. Normally the government health insurance plans will not cover such expenses. The plan works for health and dental insurance and even available separately also.

The premium payments in connection with this scheme are allowed under Income Tax Act and hence tax deduction is available. There are 4 different health plans available such as base, bronze, silver and gold. All plans cover “core benefits”. These benefits includes vision care, hospital benefits, accidental death and dismemberment, travel coverage, continued coverage, extended health care, lifeline response service homecare, nursing, durable medical equipment, hearing aids etc.

The provinces, territories and federal government are responsible for health care system in Canada. The Federal government monitors the schemes developed by the institutions. Each province in Canada has a different health care system.

The provinces of Canada are Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, Quebec and Saskatchewan. The territories are Northwest Territories, Nunavut and Yukon.

The Canadian hospitals are non-profit institutions, however with independent administrative boards. The government control will be less on these hospitals, though the hospitals depend on public funds for their operating costs. The provincial health pals cover all medically necessary services …

Especially, children the dental services are provided under Children’s Dental Health program. The eligible children who are under the age of 12 years old and as well as 13 to 17 years old who lives with low income. The families …

All Canadian citizens have equal access to basic healthcare irrespective of their income level or employment status. They are provided with health insurance cards which entitle them to access free medical care on any procedure at the hospital of their …

Employer Sponsored insurance: In this program the employees receive the benefit of health insurance from their employers as a package. Both for-profit and for-non-profit companies plan for the insurance. It is financed by both employers and employees as the majority …

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