If you are a Canadian, you already know about the comprehensive national health plan that covers most of your basic medical needs. However, you also know that not every medical situation will be covered by this plan. There is such a large number of companies offering health insurance in Canada that is can seem overwhelming to look at them all and try to decide which one is the best option for you. To aid you in making a decision, we have listed the 3 top health insurance companies in Canada. Hopefully this information will benefit you as you contemplate a supplemental health insurance plan.
Great-West Life Insurance Company
This insurance company has been a huge part of the Canadian health care system since its inception. In addition to its other services like financial planning, it offers a wide variety of health insurance options for Canadians. There are three specific groups of people Great-West serves; working individuals (with and without families), people who are at least 50 years of age and older, and those who are planning on retiring soon. For each demographic, there are several different health care plans to choose from. In this way, Great-West can fill the needs of nearly anyone looking for insurance. Some of the supplemental health insurance services offered by their policies include:
- Dental and eye exams
- Prescription drugs
- Ambulance services
- Services that can be provided by paramedical staff (people who are can provide medical assistance but do not have an M.D. Degree, such as nurses or physical therapists)
This well-known insurance company offers a variety of health care options for those who are looking for coverage to supplement their provincial health plan. One of their most popular options is the Flexcare plan, which allows you to make the decision regarding which coverages you would like for you and your family. For example, if you are more concerned with prescription drug costs than vision care, you can choose to have that coverage added to your policy. With Flexcare, you are guaranteed coverage for certain plans, which makes it easy for you to provide supplemental insurance for yourself and your family. There are also a variety of insurance plans available for people who have been covered by a group health plan that is going to expire.
Blue Cross Canada
Most people are not aware that Blue Cross provides coverage in Canada as well as the United States, but it is one of the leading health insurance providers in Canada. They provide both group and individual health insurance policies, as well as travel insurance. Nearly anyone can qualify for a Blue Cross policy, as there are many different types of policies to choose from. There are those designed for people who no longer qualify for an employer-sponsored health plan, as well as self-employed or retired individuals. The plans offered by Blue Cross Canada provide supplemental coverage for those services not already covered by the provincial health plan, such as ambulance services and more.
Even though Canada does have one of the best public health care systems there is, not every medical service is provided. For this reason, Canadians also need to look into purchasing a supplemental policy to help with medical expenses they might incur.