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"A good hockey player plays where the puck is. A great hockey player plays where the puck is going to be."

Wayne Gretzky








 




 
Featured Insurance Articles

Getting the Best Deal on Auto Insurance
Shop around and do it yearly. Don't just keep paying the invoice over and over without comparison shopping. Below are a few suggestions to help you get the best deal available on your automobile insurance policy. Insurance agents really have a lot of ...

No Load Term Life Insurance
Have you ever heard the term load and no load in the financial service industry? The loading of an insurance product usually always involves the agent's commission and the company's expenses. Some policies have what they call front end loads and back end ...

Term Life And Whole Life Insurance
Which type of policy is best for you, term or whole life? The answer depends on several factors, including:Your Needs. If you need coverage only until your children graduate from college, for example, you might be better off with a term life ...




Canada's Aging Baby Boomers: Planning Health Insurance for the Future
 
The first of Canada's aging baby boomers are poised to turn 65, and with this milestone birthday comes a variety of new health care concerns. In response to these changing medical needs, the Canadian health care system is preparing to handle some 10 million boomers whose reasons for visiting the hospital will range from hearing loss to long-term care. The aging of this Canadian demographic is inevitable, but falling into financial debt in order to pay for these services can be avoided. By thinking ahead to what medical services may be required, individuals are able to customize their health insurance accordingly.

Living in a country like Canada where health care is provided for all is an undeniable luxury. Yet, despite the many benefits of Canadian health care, there are gaps that exist in coverage. These gaps dictate the need for supplementary health insurance. Sadly, there are many instances where people have met with unexpected illness, but there are also many health issues that can be planned for. Aging is one such issue.

Some of the most common services required by seniors include: x-rays for weakening bones, a visit to the podiatrist for any number of foot related issues and testing and fitting hearing aids for hearing loss. Each of these services may be an inevitability for the aging individual, but they may not all be covered by the Canadian government. Provincial health plans vary from province to province with certain provinces offering a proscribed amount of money yearly for various necessities, such as a trip to the podiatrist. A visit to a specialized doctor or the purchase of a hearing aid can be very costly, and with little to no coverage, people are often left with a substantial financial burden. Supplemental health insurance is the best way for seniors to plan for and minimize these costs.

Opting for supplemental health insurance allows you to customize your plan to suit your individual needs. For many seniors, the prospect of spending time in a hospital is not a pleasant one, but with supplemental coverage, a private room in a health care facility can make the stay more comfortable. Not only does health insurance ease the worry that individuals may have concerning their own personal welfare, but it also helps to assuage the fears of family members on whom the burden of long-term care would fall.

As ten million Canadians begin to approach the time in their life when retiring is imminent, it becomes a necessity to plan for whatever eventualities the future might hold. Thinking ahead to answer the various demands of aging helps guarantee a peace of mind for yourself and your family and ensures that you are ready to face the challenge of life's milestones. Anna Dorbyk is the editor for Canada Health Insurance and is a graduate student in Communication Studies at Concordia University. For more information on health insurance for Canadians please visit www.canada-health-insurance.com.



Insurance News

Flood Damage Not Covered By Homeowner's Insurance - KIRO-TV
The wind, snow and rainstorms of the past few weeks have caused more than just headaches for many homeowners. They've hit them in the pocketbook as well -- if they weren't prepared. When storm damage hits home, homeowners get on the phone to their ...

County flood insurance rates may take a dip - Seguin Gazette-Enterprise
SEGUIN — If your flood insurance premiums go down in 2009, thank Guadalupe County Road Superintendent Larry Timmermann and his crew at the road department when you see them. Timmermann on Tuesday reported to county commissioners that Guadalupe ...

A.M. Best Affirms MHA Insurance Company's "Excellent" Rating - MSN MoneyCentral
LANSING, Mich. , Jan. 7 /PRNewswire/ -- FinCor Holdings Inc., ( www.fincorholdings.com ) a leader in the health care risk management and insurance industry, today announced A.M. Best has affirmed the A- (Excellent) financial strength rating for the ...

The page that saves you money! How to save hundreds of pounds on ... - Daily Mail
The last thing you want to jeopardise when money is tight is your family's health. But that doesn't mean you should make unwise choices or break the bank to pay for treatment. To help you save your hard-earned money, our new column shows you how to ...

Insurance company could cut Triad jobs - News 14
Philadelphia-based insurance company Cigna Corp. is planning to cut about 1,100 jobs as people reduce coverage plans and companies insure fewer workers. According to The Business Journal , Cigna employs about 450 people in the Triad, and the company ...