Out of Province – Insurance – Disability, Estate, Critical Illness, Travel, Life – Glenn Stewart https://www.cuttherisk.com Insurance should be simple and easy Sun, 23 Aug 2015 12:47:56 +0000 en-CA hourly 1 https://wordpress.org/?v=6.1.1 ARE YOU TRAVELLING OUT OF PROVINCE OR COUNTRY? https://www.cuttherisk.com/are-you-travelling-out-of-province-or-country/ Fri, 21 Aug 2015 19:06:35 +0000 https://www.cuttherisk.com/?p=520 Travelling out of Province or  Country? Travel Insurance may be the last thing on your mind when planning on jet-setting to exotic locations across the globe or out of province but forgetting or ignoring proper Travel Insurance coverages could cost … Continued

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Travel Insurance may be the last thing on your mind when planning on jet-setting to exotic locations across the globe or out of province but forgetting or ignoring proper Travel Insurance coverages could cost you thousands of dollars.

 

are you Travelling out of province or country

Get your Travel Insurance when planning your trip making sure that you can pass all medical questions before leaving home! If you travel frequently throughout the year, purchase an annual Travel Insurance Policy to cover your travel in Canada and foreign countries.

Know what Travel Insurance you are buying to avoid a vacation disaster.  Make sure you are covered for the type of activities you plan to do while out of country. Note that the “Standard Travel Insurance” may not cover you for diving or mountain climbing. You must be aware that if you have a special need or if you are going to a different kind of destination or participating in different activities, you must make sure that the Travel Insurance product that you purchase will actually cover your needs.

The Travel Insurance Industry is one of the highest paying claims groups within the Insurance Industry.  Denied claims represent 2 to 3percent of active policies.

Are you thinking of buying Travel Insurance?   

HAVE YOU:

.   research what Travel Insurance is available or are you accepting the first plan you came across?

.   spoken with your doctor or are you guessing which health conditions you are being treated for?

.  call a licensed Travel Insurance agent or are you rushing to complete the application before you board the plane?

.  read the fine print or are you making assumptions about what is and what isn’t covered under the Travel Insurance Policy that you have chosen?

 

.   checked out the glossary or are you relying on your friend’s interpretation of a confusing term?

.   enquired about deductibles or are you prepared to pay a lower cost now and a higher premium later?

. asked questions, questions and more questions about Travel Insurance or are you concerned you will be a bother?

 

Not all Provincial Health Coverages for travel are the same.  Recently, a lady visiting Ontario from Alberta had a premature baby.  She is faced with an air ambulance bill of $30,000 because the Province of Alberta does not cover this situation.  An Ontario resident would have this service covered.

QUESTION, QUESTION AND THEN QUESTION TO MAKE SURE THAT YOUR TRAVEL INSURANCE COVERS YOUR NEEDS!

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]]> Health Spending Account – Small Business BEST kept Canada’s TAX Secret! https://www.cuttherisk.com/health-spending-account-best-kept-tax-secret/ Sat, 28 Feb 2015 22:50:47 +0000 https://www.cuttherisk.com/?p=384   Health Spending Account – Small Business BEST kept Canada’s TAX Secret! Health Spending Account is now available to Canadian small business owners. Write off all your medical and dental expenses, get 100% coverage.   A Health Spending Account (HSA) is an … Continued

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]]>   Health Spending Account – Small Business BEST kept Canada’s TAX Secret!

Health Spending Account is now available to Canadian small business owners.

Write off all your medical and dental expenses, get 100% coverage.

 

A Health Spending Account (HSA) is an alternative to traditional health insurance. Used by over 30,000 small business owners across Canada, the Health Spending Account is a special account that is established to exclusively pay for healthcare services for you and your family members.

Health Spending Account

Features of the Health Spending Account

Write off 100% of your personal medical and dental expenses with a Health Spending Account

-Convert out of pocket medical expenses into legitimate business deductions

-Create value by lowering the cost of your medical expenses and reducing your personal taxes

 

Get 100% coverage with a Health Spending Account

-Laser Eye Surgery

-Extended dental (including orthodontics)

-Chiropractors and other paramedical services

 

Experience the freedom of:

-No Medical Underwriting

-No Co-Insurance Payments

-No Deductibles

 

Get Instant Online Claims with a Health Spending Account

Submit, pay, and be reimbursed online

Reimbursement in 24-48 hours

 

Includes Comprehensive Travel Insurance with $5 million coverage for 60 days.

 

Are you a small business owner in Canada? Discover how the Health Spending Account can be the ultimate match for your business by calling Glenn today at 1.88.256.8685 or email glenn@cuttherisk.com

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]]> Travel Medical Insurance! https://www.cuttherisk.com/travel-medical-insurance/ Mon, 20 Oct 2014 01:26:29 +0000 https://www.cuttherisk.com/?p=313 Travel Medical Insurance Buying Travel Medical Insurance for a trip outside Canada or your home province  just makes sense. You never know what emergency will befall you and, in the United States especially, medical bills can mount quickly. What Snowbirds … Continued

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]]> Travel Medical Insurance

Buying Travel Medical Insurance for a trip outside Canada or your home province  just makes sense. You never know what emergency will befall you and, in the United States especially, medical bills can mount quickly.

What Snowbirds need to know about Travel Medical Insurance

snowbirds travel insurance
Did you know that if you need to see a doctor in Florida, you could be handed a bill for $1,200? OHIP would pay $50.12 of it — the price of the visit if it had happened in Ontario. An overnight stay in hospital could cost $10,000 in the U.S. OHIP would pay $400 if you were in a cardiac ward or ICU. A good reason to buy travel insurance. But even extra coverage won’t help if it’s decided what ails you is a ‘pre-existing’ condition.

 To help you plan your trip …

Here are some issues you need to think about when deciding what type of Travel Medical Insurance you’ll need:

• Do all insurers charge the same?
As for any kind of insurance, rates can vary widely among insurers.

Take, for example, the case of Jim, a 70-year-old man, and his 65-year-old wife, Mary, who plan to spend five weeks in Florida. Jim suffered a heart attack a few years ago and takes three daily medications to keep his condition under control. To the insurer, Jim has a pre-existing heart condition.

Naturally, Jim wishes to be covered for this pre-existing condition, just in case something goes wrong while he is away.

Mary was diagnosed with, and treated for asthma, also a few years ago. But with the two medications she takes, Mary’s condition is under control and she is confident that she won’t require any treatment while she is away.

Using one of the websites available to compare premiums among five potential insurers, Jim and Mary learn that three companies won’t even insure Jim, for any price. Mary’s coverage will be in the $150 range for their five-week vacation.

But do they want to take the chance of Jim going South without coverage? What are the alternatives?

Two other companies agree to cover both Jim and Mary, but due to Jim’s history of heart troubles, one will charge $713 for the two of them, while the other will offer coverage for $797. It seems expensive, but at least the couple can travel safe in the knowledge that if something goes wrong, they’ve got the insurance they need.

• Should I get single-trip or annual coverage Medical Travel Insurance?
Travellers should determine whether it is more economical to purchase single-trip travel Medical insurance or an annual policy, based on their unique circumstances. Generally, if you’re just going for a few days, a single-trip policy is best, while if you plan several trips outside the country during the year, an annual policy would be less expensive.

Keep this in mind if you like to go cross-border shopping, visit friends or family, or take in the odd entertainment or sports event. But in some cases, a traveller might pay less by purchasing an annual plan that covers them for 30 or 60 days a year, than they would if they bought a single-trip plan. Compare both.

• How much coverage should I pay for?
Coverage packages usually come in amounts of $1 million, $2 million or $5 million. You might assume the lower-valued package will save you a lot of money, but premiums often vary little between the lowest and the highest amount. For peace of mind, you might want to go with the $5-million coverage.

Be aware, too, that you might have automatic coverage through your credit card. But it’s likely to be for a limited time only and, if your visit extends longer, you’ll need to arrange additional coverage.

That raises another issue: if your trip coverage is split between two insurers and you develop a condition during the coverage period of the first, that condition becomes “pre-existing” for the purposes of the second insurer.

Travelling this Winter Snowbirds?

 

Here are Seven tips to review while getting the Medical Travel Insurance for your trip.

 

  1. Know what the policy says Every policy has limitations and exclusions (and) “pre-existing-conditions” exemptions.  Read what is covered and under what conditions.

 

  1. Know your medical conditions and medical history! Know your medical conditions when completing the medical questionnaire. Is best to have a list of all your medications and all you medical treatments in the past years to answer the medical questions correctly. Because it is a condition to having, your claims paid. This is the stability clause in all travel policies and it is the traveler’s responsibility to know about their illnesses and medical conditions or to check with their physician if they are not sure what they are. It may be as simple as having a list of their medicines and treatment in front of them or having the information written out in front of them.

 

  1. Be scrupulously honest and accu­rate! While there is an insurance policy for just about everyone — it just tends to cost more for higher risk cases — don’t fudge or forget when it comes to spelling out their medical history. An example is a case last year in when a Vancouver retired couple was hit with a $50,000 hospital bill, because they filled out the insurance form in­correctly. “They say, ‘Well, we made a few little mistakes in our ques­tionnaire, but you shouldn’t hold that against us, you are just trying to get us on a technicality,” he said. ‘Well what the hell is a contract except a listing of technicalities?”

 

  1. Some policies restrict where you go. Insurance policies can have lim­itations due to warnings issued by the Canadian Federal Department of Foreign Affairs or the U.S. State Depart­ment, noted Robin Ingle, chairman Toronto-based insurance company Ingle International. “You get situa­tions where even sections of coun­tries are no-goes, so destination is an issue.” As well, U.S.-style medical bills are becoming common in a lot of foreign destinations around the world, so travelers need to make sure they have adequate coverage wherever they go.

 

  1. What you do can be an issue. A lot of people will travel and participate in things like para-sailing, hang-gliding, bungee jumping. mountain climbing.  These events are not covered normally but can be at additional cost at issuance of Travel Medical Insurance policy.

 

  1. Worry about the fit, not the price! Competition among insurers means that prices for coverage should not vary greatly, so find the policy that covers your medical conditions. “The difference in price from one insurer to the other is so slight Make the policy is exclusively yours, which fits your health profile.

 

  1. Be prepared to invest some time to double-check your coverage make sure it fits your health profile, travel plans and any activities you plan to do while travelling. Do not leave it to the last minute to arrange.

 

 

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