Health Insurance

>>>Health Insurance
Health Insurance2018-10-26T08:45:29+00:00

What Is The Health Insurance Plan?

Health Insurance | Group Insurance | Covenant Wealth Financial Services

The Health Insurance Plan is supplementary health coverage that protects your savings from health-related expenses not covered by OHIP or an employer-sponsored group insurance plan.

Health Insurance benefits might include:

  • Extended Health Services such as prescription drugs and medical devices

  • Ambulance Services

  • Eye exams and Vision Care

  • Professionals services such as physiotherapy, massage therapy, etc.

  • Preventative Dental Services

  • Travel Insurance

Learn More

How Does It Work?

Individual Health Insurance Plans are usually medically underwritten. This means that if you are in good health and you are not currently on any type of maintenance drugs. You have the option of customizing your health coverage to suit your family and lifestyle needs.

Many insurance carriers offer different levels of coverages which include;

Basic Plan

Our lowest-cost plan helps you budget for basic medical and dental needs.

  • 60% reimbursement for prescription drugs with a $750 annual maximum

  • 60% reimbursement for supplemental healthcare expenses. 60% reimbursement with a $25 per-visit maximum on paramedical practitioner services up to $250 per year per practitioner

  • 60% reimbursement for preventive dental care with a $500 annual maximum

  • Semi-private hospital room coverage is optional. No coverage for emergency travel medical or vision care

Standard Plan

Our most popular plan includes catastrophic drug, emergency travel medical and optional preventive dental coverage.

  • For prescription drugs, 70% reimbursement for first $7,000 and 100% reimbursement for next $93,000 of annual eligible expenses

  • 100% reimbursement for supplemental healthcare. 100% reimbursement for paramedical practitioner services up to $300 per year, per practitioner. 100% reimbursement for vision care up to a $150 maximum every 2 years

  • Emergency travel medical for the first 60 days of a trip and $1 million lifetime maximum on emergency travel medical claims

  • Optional preventive dental and semi-private hospital room coverage

Enhanced Plan

Our most comprehensive coverage, with a higher prescription drug maximum than the standard plan and optional dental coverage that includes restorative and orthodontic services.

  • For prescription drugs, 80% reimbursement for first $5,000 of annual eligible expenses and 100% reimbursement for next $245,000 of annual eligible expenses

  • 100% reimbursement for supplemental healthcare. 100% reimbursement for paramedical practitioner services up to $400 per year, per practitioner. 100% reimbursement for vision care up to $200 maximum every 2 years

  • Emergency travel medical for the first 60 days of a trip and $1 million lifetime maximum on emergency travel medical claims

  • Optional dental coverage for preventive, restorative and orthodontics and optional semi-private hospital room coverage

Our lowest-cost plan helps you budget for basic medical and dental needs.

  • 60% reimbursement for prescription drugs with a $750 annual maximum

  • 60% reimbursement for supplemental healthcare expenses. 60% reimbursement with a $25 per-visit maximum on paramedical practitioner services up to $250 per year per practitioner

  • 60% reimbursement for preventive dental care with a $500 annual maximum

  • Semi-private hospital room coverage is optional. No coverage for emergency travel medical or vision care

Our most popular plan includes catastrophic drug, emergency travel medical and optional preventive dental coverage.

  • For prescription drugs, 70% reimbursement for first $7,000 and 100% reimbursement for next $93,000 of annual eligible expenses
  • 100% reimbursement for supplemental healthcare. 100% reimbursement for paramedical practitioner services up to $300 per year, per practitioner. 100% reimbursement for vision care up to a $150 maximum every 2 years
  • Emergency travel medical for the first 60 days of a trip and $1 million lifetime maximum on emergency travel medical claims
  • Optional preventive dental and semi-private hospital room coverage

Our most comprehensive coverage, with a higher prescription drug maximum than the standard plan and optional dental coverage that includes restorative and orthodontic services.

  • For prescription drugs, 80% reimbursement for first $5,000 of annual eligible expenses and 100% reimbursement for next $245,000 of annual eligible expenses
  • 100% reimbursement for supplemental healthcare. 100% reimbursement for paramedical practitioner services up to $400 per year, per practitioner. 100% reimbursement for vision care up to $200 maximum every 2 years
  • Emergency travel medical for the first 60 days of a trip and $1 million lifetime maximum on emergency travel medical claims
  • Optional dental coverage for preventive, restorative and orthodontics and optional semi-private hospital room coverage
ALL plans require you to be covered by OHIP to apply for Individual Health Insurance.

How Does It Benefit Me?

If you are self-employed or you are about to lose your employer-sponsored group insurance plan you should strongly consider an Individual Health Insurance Plan. It will protect your savings from unexpected medical emergencies. A slip and fall that leaves you in crutches for a few weeks can wipe out months of your savings.

To understand which Individual health insurance plan is right for your needs, it is best to talk to a financial advisor. There is no cost to talk to an advisor.

Ready to talk?

We’re always here to connect with you.
Build the best financial plans for your life.

Message Us
Call Us