Understanding Guaranteed Issue Health Policy in Canada
By Krista DeKuyper | September 7, 2021 |
Guaranteed issue health policy has been around for over 25 years. It provides you with coverage that is not affected by medical conditions, pre-existing conditions, gender or age. In a world where most people are looking to save money, it’s no surprise they’re so popular!
What Is A Canadian Guaranteed Issue Policy
A guaranteed issue health policy is a type of health insurance policy in which the amount and type of coverage that is provided to an individual in no way depends on their medical history or whether they have previously had any sort of illness. This means that the price for this type of policy does not change depending on one’s age, gender, pre-existing conditions, or other such factors.
Who Should Get This Type Of Plan
This type of plan is perfect for Canadians who want a plan that isn’t affected by pre-existing conditions. Which means that you can get physicals and medical treatment done, even if you have a pre-existing condition. Additionally, the plans cover many basic health expenses such as dental care and doctor’s office visits.
Advantages of Guaranteed Issue Health Insurance
The guaranteed issue health policy is also more affordable as the rate doesn’t change depending on age, gender, or pre-existing conditions.
They also cover many expenses such as dental care up to $500 per year (depending on plan) and other core health benefits such as vision care, chiropractors, physiotherapists etc. Best of all is that issue is guaranteed, you cannot be turned down.
All in all, this plan is for an individual who has had trouble being accepted to medically underwritten plans and needs health insurance coverage.
How To Purchase A Canadian Guaranteed Issue Policy
With out instant quoting tool, receiving a quote is easy as 1, 2, 3. You’re able to compare from leading Canadian providers and choose which one best suits you. You only talk to one our representatives if YOU WANT to.
Most Popular Policies
Some of the most popular guaranteed issue health plans include Manulife Flexcare, Blue Vision, and Manulife FollowMe. To get a full breakdown and comparison of these plans and their variations within them, follow this link.
How To Submit A Claim
Claiming coverage for this type of insurance is no different than an individual health plan. First, the healthcare company will provide you with a coverage claim form which you must fill out in order to submit application. The provider will process your claim and cover any costs that are included
Canadian guaranteed issue health insurance has been around for over 25 years. It provides you with coverage that is not affected by medical conditions, pre-existing conditions, gender or age. It’s no surprise they’re so popular!
If you want to talk to someone more in-depth about Guaranteed Issue Policies, get in touch with us!