Date post: | 13-Jul-2015 |
Category: |
Health & Medicine |
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What is Health Insurance?• Pays for medical expenses incurred if you suffer a
loss due to sickness or injury • Supplements your provincial plan
Prescription Drug
Extended Health Care
Travel Emerg. Medical
Dental
AD&D
Disability
Critical Illness
Long-Term Care
What You Typically Get:
Add Ons:
Where Can I Buy Health Insurance?
• Through a Professional Organization/ Association
• Direct to Insurer
• Use a Broker
What is not covered by provincial plans?
• Prescription Drugs • Dental • Hospital Care (semi-private) • Paramedical Services (chiro, naturopaths, etc.) • Vision Care (eye glasses, contact lenses) • Medical Services and Equipment (private duty
nursing, ambulances, crutches, hearing aids, etc.)
• Out of Province Emergency Medical • Out of Country Emergency Medical
Ask yourself:
• What am I looking for? • How much was spent last year? • What can I afford? • Savings account? • Access to group coverage? • Pre-existing conditions? • Specific benefits? • Who will be covered?
Plan-specific questions:
• What does the plan cover?
• What does it NOT cover?
• Different coverage levels?
• Limitations or conditions?
• Co-insurance amounts?
• Is there a deductible?
• Medical assessment required?
Annually Monthly Annually Monthly
Premium Cost $ 1,321.80 $ 110.15 $ 852.00$
71.00
Marginal Tax Rate $ 330.45 $ 213.00Net premium cost after tax savings $ 991.35 $ 639Annual expenses paid through planPrescription Drugs $ 200.00 $ 200.00Dental $ 150.00 $ 150.00Vision Care $ 150.00 $ 150.00Registered Specialties (mass, chiro, acup) $ 200.00 $ 200.00
$ 700.00 $ 700.00
Annual expenses paid out of pocketPrescription Drugs $ 65.00 $ 60.00Dental $ 150.00 $ 150.00Vision Care $ 65.00 $ 150.00Registered Specialties (mass, chiro, acup) $ 200.00 $ 200.00
$ 480.00 $ 560
TRUE COST $ 771.35 $ 64.28 $ 499.00 $41.58
Actual Cost – Writers’ Coalition Program
COMPREHENSIVE LIGHTSINGLE AGE 45
The thing about insurance is that people tend not to think about it until they need it. When they need it, and don’t have it - it’s too late.
Jason Saulay [email protected] 416-967-6600 Ext. 256
Questions?
Contact: Web:
www.writerscoalition.ca