How to go about securing the best policy for your insurance in Canada.
Latest News
Perks with Purpose: Unlocking the Power of Group Benefits Sep 29th
In today’s competitive job market, offering a robust group benefits package isn’t just a perk—it’s a strategic necessity. Whether you’re an HR professional, a small business owner, or an employee trying to decode your coverage, understanding the basics of group benefits is essential.
.... More »
What Happens When the CERB Ends? Jun 24th
The Canada Emergency Response Benefit (CERB) is designed to help Canadians cope with the loss of employment as a result of the COVID-19 pandemic. The benefit was about to expire in July for some of the earliest applicants, but it was recently extended by an additional eight weeks.
Despite the exten.... More »
Prepare for a 10% minimum down payment Dec 5th
The federal Department of Finance is seriously considering weighing in on Canada’s housing market by raising the minimum down payment on a home purchase from 5% to up to 10%. The announcement could come as early as January 2016.
According to RateSpy.com founder and independent mortgage broker Ro.... More »
Millions of scam emails target Canadians daily + MORE Feb 27th
MONTREAL – Digitally connected young Canadians have become regular targets of phishing scams — fraudsters trying to steal personal information for financial gain, according to a new survey by Visa Canada.
The survey found that 92 per cent of respondents under age 35 confirmed they had been targe.... More »
Are alternative energy suppliers a good deal? + MORE Nov 19th
Q: I recently switched to a company that supplies both electricity and natural gas in my area. Are these alternative suppliers a good deal?
—Ken McDougall, Guelph, Ont.
A: I have insurance on my home, my car and on my life. I spend the money each and every month to protect my family in case someth.... More »
Preparing for the inevitable
– canoe.ca
If you were to die today, would your spouse and other beneficiaries know where you keep all of your accounts? Would they know how the bills are paid and where the insurance policies are kept? Who is the executor of your will (if you have one) and does that person know who your financial adviser is? If you are not the member of your household who ha
Sticker shock often follows cancellation notice for those with individual health care policies
– canadianbusiness.com
MIAMI – Dean Griffin liked the health insurance he purchased for himself and his wife three years ago and thought he’d be able to keep the plan even after the federal Affordable Care Act took effect.
But the 64-year-old recently received a letter notifying him the plan was being cancelled because it didn’t cover certain benefits required under the law.
The Griffins, who live near Philadelphia, pay $770 monthly for their soon-to-be-terminated health care plan with a $2,500 deductible. The cheapest plan they found on their state insurance exchange was a so-called bronze plan charging a $1,275 monthly premium with deductibles totalling $12,700. It covers only providers in Pennsylvania, so the couple, who live near Delaware, won’t be able to see doctors they’ve used for more than a decade.
“We’re buying insurance that we will never use and can’t possibly ever benefit from. We’re basically passing on a benefit to other people who are not otherwise able to buy basic insurance,” said Griffin, who is retired from running an information technology company…
But the 64-year-old recently received a letter notifying him the plan was being cancelled because it didn’t cover certain benefits required under the law.
The Griffins, who live near Philadelphia, pay $770 monthly for their soon-to-be-terminated health care plan with a $2,500 deductible. The cheapest plan they found on their state insurance exchange was a so-called bronze plan charging a $1,275 monthly premium with deductibles totalling $12,700. It covers only providers in Pennsylvania, so the couple, who live near Delaware, won’t be able to see doctors they’ve used for more than a decade.
“We’re buying insurance that we will never use and can’t possibly ever benefit from. We’re basically passing on a benefit to other people who are not otherwise able to buy basic insurance,” said Griffin, who is retired from running an information technology company…
Car insurance relief in sight for young Ontario drivers
– thestar.com
A variation of a Quebec program aimed at young drivers may soon be available in Ontario by the spring cutting the cost of insurance for this high risk group.
