Your guide to buying insurance
Insurance can be complicated. Let us simplify it for you.
So why do I need insurance?
In Canada, we’re lucky to have great health coverage through provincial medicare programs. But—what about expenses that aren’t covered, like prescription drugs, vision care, dental care, or health professionals like physiotherapists?
With a personal health plan, you not only get coverage for the “what-ifs”—like leg braces or diabetic supplies—but also for the routine things, like antibiotics, contact lenses and dental cleanings.
I'm going to need more to go on than that.
Sure. Here are some other reasons:
But I’m pretty healthy.
I don’t think I’d use my plan enough.
If you're healthy, that's great—keep doing what you're doing. So maybe you’re considering waiting it out until you really need insurance—but here’s the plot twist:
Most plans require medical underwriting—which means if you get sick without insurance, and then apply for coverage—you may not qualify for the coverage you need.
Get a health plan while you’re healthy, and you’re covered regardless of what the future holds. It's kinda like insuring a new car—so you can keep it running like new if anything happens.
Got it, better safe than sorry.
Wait a sec—what is "medical underwriting"?
Most personal insurance plans require underwriting. This means we look at all the information you provide us about your health, and we make you an offer based on that. In most cases, we're not able to cover you for pre-existing conditions, but new conditions will be covered.
Qualifying for an underwritten health plan provides you with flexible benefit options, more extensive coverage and better pricing for the available benefits. Overall, underwritten plans offer much better value than plans without medical qualifications.
So that brings us back to getting a plan while you’re healthy—you’ll get the advantage of no exclusions and great rates.
Are there plans without underwriting?
Yup—if you’d prefer not to answer any medical questions, we do offer the Guaranteed Issue Plan. That means you’ll automatically be approved, and any pre-existing conditions will be covered.
Why are there waiting periods on certain benefits?
Waiting periods prevent purchasing coverage just for one particular benefit or claim. Without waiting periods, someone could purchase plan, use it once and cancel—and that offloads extra plan costs onto other members. Waiting periods help ensure the long-term viability of the plan for all members.