In Canada, 28 million Canadians and their dependents rely on supplementary health insurance. If you’re not one of these Canadians and don’t receive a health insurance plan from your employer, you could be putting both you and your family at serious risk. It’s important to protect yourself properly for the future. You need to understand that continuing without a health insurance plan is risky.
If you’re starting to panic, don’t worry. There’s still time to find a health care provider that fits your needs and budget, if you act quickly. It’s best to act before an accident happens so that you’re prepared and not caught off guard mentally and emotionally. If you haven’t yet taken note of how necessary health insurance is, you’ll want to keep reading.
It Can Be Costly
Accidents happen suddenly without warning—if you don’t have insurance in place, you might also need to secure medical savings, too. The main reason why neglecting supplementary health insurance is risky is the cost associated with future injuries. The fees for hospital visits and medical expenses can be astronomical if you don’t have insurance.
Canadian healthcare does not cover all medical expenses that you may need in the future like:
- semi-private or private hospital accommodation;
- special nursing services;
- ambulance services;
- medical expenses incurred abroad;
- artificial limbs and prostheses;
- wheel chairs;
- additional specialized medical services like chiropractors, physiotherapists, optometrists, and more;
- vision care; and
While you may try to justify not getting health insurance because of the monthly premiums, the costs associated with not getting insurance could be even greater. These costs will come out of pocket and could be multiple times what you would pay in insurance fees. There are many insurance plans you can find which cost next to nothing compared to what you could be paying if you were to get in an accident.
Don’t make a mistake you’ll have to pay for in more ways than one, make the smart decision and acquire a health insurance plan.
You Won’t Have Peace of Mind
Living your best life is a lot less stressful when you know you’re protected. The uncertainty associated with the unknown can be daunting for anyone, especially when it comes to your family’s health.
Give yourself peace of mind by acquiring health insurance. You’ll feel better knowing that you and your family are protected no matter what happens.
Unpredictable Future Medical Requirements
Aside from the cost of unexpected future medical requirements, have you considered what will happen to your income if you get sick or into an accident? Buying a health insurance plan equips you with protection in case you’re unable to work.
Some people try to justify not purchasing a health insurance plan because they are covered under their spouse or common law partner’s insurance. It’s great to have as much coverage as you can, but you could be operating under a false sense of security.
Something could always change in your partner’s work life. If that happens, you both are now without insurance. Additionally, you won’t be covered under disability, employee Life Insurance, or Accidental Death, Disease and Dismemberment insurance.
Reduce the Risk
The best way to protect yourself and your loved ones is to buy health insurance. Even if you choose a base plan, at least you’ll have something in place when you need it—something is better than nothing.