Looking to learn about private Canadian health insurance plans and how to choose the best health insurance in Canada?
Canada is prominent for its free healthcare, which is offered to its citizens and residents. But this medicare doesn’t guarantee access to vision and dental care or prescription medications, so the costs can be high if you are faced with emergencies without coverage.
What happens if your kids need more vision check-ups in a year, if you become severely ill, or if you have to pay for too many prescriptions? Though Canada has one of the best healthcare systems in the world, you and your family might need more to have the best quality care possible.
Sifting through the numerous insurance companies in Canada to find the best health insurance in Canada can be challenging and frustrating, with so many details to consider.
This article covers the 12 best health insurance in Canada and what you should consider before deciding.
The 12 Best Health Insurance in Canada
The 12 best health insurance in Canada includes both Public and Private health insurance companies geared towards covering health costs. Private health insurance goes as far as providing private hospital care, examinations, and procedures.
They also protect many people from large costs associated with hospitalization and physician visits and ensure that high-quality healthcare remains affordable for all Canadians. They include:
- Age: All
They offer flexcare health plans, dental plus, comboplus, enhanced and basic plans. These plans contain products like prescription drugs, dental services, vision care, and extended health care coverage.
The sum insured can be about $91.30. Males in Ontario pay $74.40 monthly, and coverage is about $250,000.
- Hospital benefits are not included
- Basic traveller’s insurance only covers the first 9 days of a trip.
- Age: All
You can find health choice B, health and dental choice B plan, which contains dental family coverage, test, x-rays, scaling, extractions, filing and lab tests.
Moreso, the sum insured is about 69.58. 40-year-old single and non-smokers pay $74.40 per month. You have coverage up to 1,000,000.
- Emergency travel medical, a vision not included in Basic plan
- Each family member must have the same plan.
3. State Farm
State Farm has different plans and products unique for each individual in Canada. Their personal health care plans have the same features as a group plan. Cover the same as their group plans. Prole interested in alternative care coverage, which they have, purchase it all the time.
- They operate good, natural health care but can be expensive.
4. Scotia Life Health & Dental Insurance
This health insurance company offers extended health care with many extended health plans. Family and individuals alike can purchase their insurance packages. But people over sixty (60) years old have a different rule that governs their own plan.
- They are strict with those having pre-existing conditions.
5. GMS Health Insurance
GMS health insurance has extended health care with a variety of products. These products include medical supplies and equipment and variation in medical specialists.
They have the OmniPlan and ExtendaPlan, which both focus on It is for extended health care that is extensive and more coverage, respectively.
Moreover, other plans like the Basic plan are for individuals looking for just simple insurance with other plans.
6. Ontario Blue Cross
This province in Canada they have many plans. Most of these plans contain basic insurance products.
The plans include the blue choice, basic Plus, and the blue Choice Balance or the Blue Choice. Most of these plans are packages.
The blue choice allows people to select and use different coverage.
7. Great West Life
- Age: All
You can find the core, core plus, core elite packages and plan directly for retired people. These plans have unique products, including enhanced health care for individuals and families. Even for people with pre-existing medical conditions.
Canada Life swallowed them, and they now operate as one.
- Age: All
Their plan begins with basic health care, which is a good thing. They deal in vehicle insurance services and also health care insurance. Each age bracket has its own plan unique to them.
However, they offer services through Manulife health insurance companies. Any individual can benefit depending on their age group.
9. Green Shield Canada
Green Shield Canada has two unique plans: the Zone and Link. The Zone is for individuals new to the private health care system. The Link is for those transitioning and leaving a private health care plan.
However, they have several other unique plans that their own benefit from. So people retiring and wishing to continue private coverage can do so.
10. Limited Health Insurance Canada
Majorly they focus on areas of health costs that can be affordable and substantial for individuals who need extra financial help.
There are other insurance companies who offer these products, but they have chosen to focus on just these areas to bring total satisfaction.
Check it out
11. TD Insurance
TD Insurance offers services to people who want to purchase insurance for critical accidents and critical care plans. This is a bold step they have taken to make a difference.
Moreso, they cover accident and sickness hospitalization services. They have just chosen to streamline their health care insurance.
Ivari insurance company provides coverage for those who have a critical illness. Their specialty is on critical care insurance plans.
At the same time, they individualized their plans and premiums and made them unique.
Understanding Health Insurance in Canada
Health insurance in Canada refers to policies that help to pay for health-related expenses. There is a mix of public and private health insurance plans available, and every province and territory has its own plan administered through its respective government entity called the “Provincial Insurance Plan” (to be exact, under the Health Accords signed in the early 1990s).
With many changes happening in the world of healthcare in Canada, it’s hard to find coverage that meets your needs. Thankfully, working with a health insurance agent is the best way to ensure you have a plan that fits your client’s needs.
Health insurance in Canada ensures you have the support you need to ensure that your family and yourself are protected when medical needs arise. Different kinds of health insurance in Canada will allow you to access medical care without considering their price tag.
How to Choose a Good Private Health Insurance Plan in Canada?
Below are some tips that will aid you in choosing the best Health Insurance Plan in Canada.
- Researching for the right coverage online.
- Operate within your means and keep it affordable
- Go for family over individual health plans system
- Go for the ones with discounts and many offers
- Select a plan with lifetime renewability
- Never forget to compare quotes online
- Network hospital coverage in your province
- Choose the ones with a high claim settlement ratio.
- Select the plan that suits your needs.
Types of Individual Health Insurance Plans in Canada
Health insurance in Canada is an important part of Canadian and provincial law. It helps you get health care when it’s needed. However, two types of health insurance operating in Canada are private and public health insurance.
Canadian private health insurance is mainly purchased by individuals or offered as a benefit by an employer. The purpose of health insurance policies sold in Canada is to protect from the high and unpredictable cost of medical care not covered by the government. They cover prescription drugs, dental care, eye care, and many other health services.
Public health insurance is universal health care funded through citizens’ taxes and administered by Canada’s government. As a citizen of Canada, you are required to have a health insurance card to receive medical services. Province to province operates different health insurance systems in Canada.
In Canada, private health insurance covers the following:
- Prescription medication
- Dental care
- Vision and prescription eyeglasses
- Physician services, surgery/anaesthesia, x-ray and laboratory services
- Ambulance services
- Hearing aids
- Nursing care
- chiropractic care
- Other optometry services
While public health insurance covers:
- Doctor’s visits
- Hospital visits, and
Private Health Insurance Vs Public Health Insurance in Canada
Private Health Insurance
Public Health Insurance
Operated by different firms
Run by the government of Canada
Funded by individual
Funded through taxes
For citizens who subscribed to the plans
For all permanent residents or every citizen
Includes additional health insurance covers like prescription drugs, dental care, eye care
Includes only the basic health treatment. Does not extend to prescription drugs and so on.
Operates different plans that suit all individual's and family needs
Offers only basic medical needs. E.g. doctor’s visits, hospital visits, and surgeries.
The percentage of what they cover is high and unique. It is peculiar to the provider's unique plans.
What is covered is limited, and at what percentage it is covered varies between provinces.
Private health insurance in Canada provides basic medical services and also makes up for significant gaps in public health coverage.
Public health insurance provides basic needs and is governed by government rules and policy.
Examples are SunLife, Manulife, Blue Cross, Desjardins, GMS, and Canada Life (which absorbed Great-West Life and London Life), e.t.c.
Examples are OHIP in Ontario, etc.
Benefits of Private Health Insurance Policy
If you live in Canada, part of your income tax return will contain a section on how much money you made that year, how much you spent on copayments for medications and doctor visits, and any medical expenses you have incurred. It is also pertinent to get private health insurance in Canada because:
- It gives you options for treatments and when and where you need them.
- Offers a larger range of services and treatments
- It helps prevent future unexpected medical expenses
- Some health insurance providers render affordable and cost-effective medical services.
- Saving on health emergencies
- It gives you peace of mind of not worrying about how to pay for a large health care charge.
Public Health Insurance Systems for Each Province and Territory in Canada
The ten provinces in Canada and three territories offer their own public insurance policies. Health insurance policies change depending on the province you live in Canada. Some are significantly different. They offer basic health care services, but some are more generous than others.
Province or Territory
Provincial Public Health System
Alberta Health Care Insurance Plan
Medical Services Plan
Insured Benefits Branch Of Manitoba
New Brunswick Medicare
Newfoundland and Labrador
Newfoundland And Labrador Medical Care Plan
NWT Health Care Plan
Nova Scotia Health
Nunavut Health Care Plan
Ontario Health Insurance Plan
Prince Edward Island
Quebec Health Insurance Plan (RAMQ)
Government Of Saskatchewan
Health Care Insurance Plan (YHCIP)
Final Thoughts on The Best Health Insurance In Canada
Now that you are more knowledgeable about health insurance, it may be time to take the next step and look into different plans, how to apply and choose the best health insurance provider.
Good luck in your quest for better health. If you have questions or need help, refer to this article, leave a review or talk to your doctor in your province.
Hi, I'm Adeola Adegoke. I am a licensed Insurance Broker in Manitoba, and I hold a master’s degree in Mathematical Sciences (with a major in Financial Modeling) from the African Institute for Mathematical Sciences (AIMS), Tanzania.
Also, I have a second master's degree in Statistics from the University of Regina, and I am currently pursuing my Ph.D. in Statistics at the University of Manitoba.
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