With medical insurance being such an importance due to the high costs of
prescription drugs, or the use of medical equipment due to possible broken bones,
illness or disease. Regardless when, or if you ever need the coverage of medical
insurance, this monthly expense is a safe, affordable investment and a necessity to
have, incase you or your family members run into an accidental encounter.
When you think of the term, Medical Insurance, many may assume that there
is not much different between medical insurance, and health insurance .As we know,
in Fredericton, and all of Canada, we are all eligible to receive primary health
coverage. What we may not completely understand, is the certain aspects of life we
need to be prepared for, that hopefully never happen! We have all heard horror
stories individuals or families that have gone bankrupt and beyond due to medical
costs from a different country, or even possibly in Canada due to incorrect coverage.
Seeing as It can cost thousands of dollars per day in a hospital without proper
coverage for the problem. This would be because they had not purchased, or had a
policy that did not include the medical insurance that was needed.
When thinking about which type of policy for medical insurance best suits
your individual, or family needs, it is important to know your options, because there
are a few choices depending the reason or certain needs for the medical insurance
being purchased. Along with individual and family medical plans, short term medical
insurance, long term medical insurance, dental and vision medical, visitors medical
insurance, or possibly you would just like to be covered on a guaranteed issue
medical plan. For example, if you are an individual who has been away from Canada
for a significant amount of time, and planning on returning, you may need
short-term medical insurance as coverage during the waiting period before you are
covered by Canada’s primary health coverage. Another reason being, if you are a
recent graduate, and are not able to have coverage through your school or parents,
short-term medical insurance would be a great option ensuring your coverage until
entering the work force and being covered through a new job.
Being a citizen in the lovely city of Fredericton, dental and vision coverage do
not come along with the basic care in the Canadian health policy. You may possibly
be covered in that aspect if your health insurance policy has this included, but a
dental and vision medical insurance, especially if you have a family. There is a very
good chance of an individual in your family requiring corrective lenses, which are
not a cheap encounter. Save the worry and become covered for every possibility!