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Canada: Finance, Real Estate, Insurance, Immigration

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Canada: Finance, Real Estate, Insurance, Immigration



 

Dear Friends!

 Today we are glad to shed some light on a number topics regarding the Canadian medical insurance coverage 

Canada’s Response to COVID-19: CERB or EI to apply for?

 

For many of us the beginning of a new decade was meant to be a time for future prosperity and progress. However, during the first few months of 2020, our world was faced with an unprecedented threat of a dangerous virus we call COVID-19. read more

 

Critical Illness vs. Disability Insurance: Why You Need Both

 

 

Without an income you and your family could be in dire straits financially. There are multiple insurance products designed to help you in case you are not able to work due to sickness or injury or suffer a critical illness.... read more 

Thank you for your interest to our news,

Certified Financial Planner and Insurance Agent, Michael Arbetov

 


Comparing Best Visitors to Canada Plans

If you are a Super Visa applicant, Visitor, IEC / Working Holiday visa holder or a new immigrant- you probably need to obtain insurance coverage from a Canadian Insurance company. To make it easier for you we have put together a comparison among all insurance companies in terms of affordability, reliability and benefits offered.

Most Affordable Plans

 

If you are looking for a basic policy that covers most important aspects in terms of medical care - the companies below would do the trick. Most of them are smaller companies with small companies’ appeal - lower prices and exceptional attention to customers. All of them cover medical expenses, hospitalization and repatriation with total coverage of $100,000 or more. They also boast competitive benefits in terms of prescription drugs (GMS, Travelance Premier), repatriation and follow up visits.

Click Here to Get Your Free Quote 

 

Value Plans

Value plans come from bigger, well known established companies. The leaders among them are Manulife and TICManulife is tried and tested and is currently the largest insurance company in Canada. TIC is a great company with excellent customer service and competitive benefits.

For Visitors to Canada 69 years and under TIC offers a new “Inpatriates to Canada” policy, which covers one Physical Examination per year, one Eye Examination per year and some Vaccinations, as well as some coverage for Maternity


Government Health Plan: Waiting Period Explanation 

 

Excited to start your new life in Canada? Or returning home after a long time abroad? Your bags are packed and tickets booked but is there something missing?

Whether you are landing in Ontario, British Columbia, Quebec or New Brunswick- in most cases you will have to wait until provincial coverage kicks in. Make sure you familiarize yourself with those limitations and the ways to protect yourself during your stay. During the waiting period, you may be able to purchase private health insurance through a private insurance company if you meet the company’s eligibility requirements. 

OHIP – Ontario

The waiting period begins on the date you establish or re-establish residence in Ontario. If you are an eligible temporary resident, such as a foreign worker who meets the citizenship and residence requirements described in Ontario’s Health Insurance Act, the waiting period begins on the date you establish residence in Ontario.

 MSP – British Columbia

New residents or persons re-establishing residence in B.C. are eligible for coverage after completing a wait period that normally consists of the balance of the month of arrival plus two months. For example, if an eligible person arrives during the month of July, coverage is available October 1. If absences from Canada exceed a total of 30 days during the wait period, eligibility for coverage may be affected.

New Brunswick and Quebec

Generally speaking, if you arrive in Québec from outside Canada, even if you are a Canadian citizen, you will be eligible for the Québec Health Insurance Plan after a waiting period of up to 3 months following your registration.

You will not be reimbursed for healthcare you receive during the waiting period. To save you from having to pay for any healthcare services that you or your family members may need, it is strongly recommended that you take out private insurance within 5 days following your arrival in Québec. Thereafter, coverage is more difficult to obtain.

Read More >>> 


Getting Your Health & Dental Insurance Package

 

Does my provincial health insurance plan cover all my health care needs? Millions of Canadians who don’t have an employer sponsored group plans might be asking the same questions. Here is some brief information on the Health care system in Canada.

Canadian health care system consists of multiple tiers. The first thing that comes to mind is Government Health Care. It is funded through general tax revenue and in some provinces- by means of collecting monthly premiums. This plan covers medical care and hospitalization in a broader sense. Some important elements of what we think is medical coverage are missing from your provincial plans. 

 

Use our Free Online Health & Dental Insurance Calculator

Get Your Coverage Today! 

 

Dental Plans

You can apply for dental coverage only if that is what you are looking for. Benefits will accumulate over years, giving you greater coverage after second or third year. Some companies include basic extended health benefits with their dental plans.

Go for premium Dental Plans if you require extensive services as well as crowns, bridges and dentures.

Extended Health Benefits

Supplementary health benefits usually include some or all of the following categories.

  • Vision Care
  • Accidental Death/Dismemberment benefit
  • Homecare/Nursing
  • Medical Appliances
  • Hearing Aids
  • Ambulance Services
  • Accidental Dental
  • Prescription Drugs Coverage
  • Travel Insurance up to $1,000,000.
  • Specialists/Therapists- health care practitioners such as chiropodist and chiropractor.

 Read More >>>




Useful Resources for Newcomers and Canadians. 

 

Arbetov Insurance - We will help you choose the best Medical Insurance plan for the Canadian visitors or New Immigrants according to your specific needs. We are offering medical emergency insurance packages for the Super Visa applicants, regular Visitors to Canada, International Experience Canada participants as well as Canadian PRs and Citizens travelling abroad.

We will also consult you regarding Life Insurance, Critical Illness Insurance, Disability Insurance, Health & Dental Insurance and Welfare Trusts.

Arbetov Insurance News Blog - You will find plenty of news concerning Insurance and Financial business sectors.

Super Visa Best Insurance - Our team will help you make a decision regarding which insurance plan to buy for the Super Visa and other Visitors to Canada entry visas. 

Direct 2 Canada Forum - Using this resource you may ask for an advice from our Insurance, Financial, Real Estate and Immigration specialist as well as share your own experience of life in Canada.

 


Stay tuned for regular updates by following us on Twitter and Facebook.

 

 

 

Copyright 2000 - 2020 Publisher ARM Marketing Services Inc. All Rights Reserved.

 



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