Guaranteed Issue Insurance Plans with Prescription Drug Coverage
Guaranteed Issue Health Insurance Plans
Guaranteed issue insurance plans are the alternative for individuals who can’t be accepted to a standard health insurance plan due to a pre-existing condition. Guaranteed issue plans are generally more expensive than standard, but involve no medical underwriting and guarantee acceptance. Regardless of your health status, guaranteed issue plans can help cover any eligible expenses related to your condition.
The Impact of Prescription Drug Coverage
Prescription drugs are something many people with chronic health conditions rely on for pain management and treatment. Unfortunately, relief also tends to come with a hefty price tag.
In standard plans, prescription drugs are often excluded entirely or treated as an optional add-on to drive higher monthly premiums.
Paying out-of-pocket for costly but essential medications is financially-taxing, which is why prescription drug coverage is a must for guaranteed issue plans. But that begs the question — what plans are available for both guaranteed acceptance and comprehensive prescription drug coverage?
You’ve come to the right place. With decades of experience as Canadian insurance brokers, we’ve seen nearly every major health insurance plan offered in this country. Here are two of our top choices for guaranteed issue insurance plans with prescription drug coverage.
Manulife CoverMe Guaranteed Issue Enhanced Plan
The Manulife CoverMe Guaranteed Issue Enhanced Plan is built for:
Canadians aged 18+ who are covered by a provincial public health plan
Individuals with pre-existing health conditions
Individuals who regularly take prescription drugs
Manulife CoverMe Guaranteed Issue Enhance Plan Drug Coverage
The plan comes with 80% prescription drug coverage, maximum $2,500 of coverage per year.
What Else is Covered:
Extended Health Care: 80% coverage for mental health, medical equipment, prosthetics, and medical supplies, maximum $500 of coverage per year.
Dental Care: 80% coverage of $562 for dental care, maximum $450 of coverage per year.
Vision Care: $200 of coverage every 2 years for prescription glasses and contact lenses. Maximum coverage of $60/2 years for optometrist fees.
Hospital Care: Covers in-hospital expenses and domestic medical travel with a $200 deductible per claim.
Emergency Medical Travel Coverage: Up to $5 million per person with a $200 deductible per claim. The insured is covered up to 10 days per trip and for an unlimited number of trips per year.
Blue Cross Health Guaranteed Acceptance Health Plan
The Blue Cross Health Guaranteed Acceptance Health Plan is built for Canadians seeking comprehensive, guaranteed health coverage without medical underwriting.
Blue Cross Health Guaranteed Acceptance Health Plan Drug Coverage
The plan covers both one-time and routine prescription drug usage with up to 70-80% coverage, with certain limitations depending on the policy. Plans are flexible and can be customized depending on your condition and health needs.
What Else is Covered:
Health Care: Comprehensive coverage of 70% for various health practitioners, medical equipment, and more. Some maximums and limitations apply.
Dental Care: 70% coverage with a maximum of $1,000 per year.
Travel: 17 days of travel medical coverage.
Accidental Death and Dismemberment: Coverage up to $25,000 per person (optional and includes medical underwriting)