Ontario Government Confirms OHIP Cuts for Travellers May 3rd

There are more insurance options in Canada than you can shake a stick at! Stay on top of the best policies right here.
Latest News
 life insurance

This Year’s Best Credit Cards for Travel Perks May 15th

For the avid traveler, there are a few things you can’t go without – your passport, travel insurance, and a good travel rewards credit card. Those who travel pretty often already know – the opportunity to gain rewards with a good travel credit card are hard to resist. You can easily earn deep.... More »
 auto insurance

Canada’s Best Travel Credit Cards 2019 May 23rd

With a good travel credit card, travel suddenly becomes affordable. And it helps if you sign up for the right travel credit card—one that doesn’t just focus on points, but also has perks like companion flights, amazing insurance coverage and flexibility with transferring points between cards. Wh.... More »

Important tips on leaving real estate in your will May 11th

Q. In my will I am leaving my condominium and all of its contents to my son. I have taken out a life insurance policy so that he can use the money to pay the balance on my mortgage. What are the pros and cons of this plan? – Annie A. Hello, Annie. It’s clear that you’ve made your will, but you.... More »
Ontario Government Confirms OHIP Cuts for Travellers
After a six-day consultation the Progressive Conservative-led Government in Ontario has confirmed it will cut the out-of-country coverage previously provided under the province’s health plan. The Ontario Health Insurance Plan currently provides up to $400 per day for out-of-country inpatient services and up to $50 a day for emergency outpatient care. The Government says the plan costs around $2.8M to administer and pays out around $9 million a year in claims.
However, the claims paid out only represent about five percent of the average out-of-pocket costs for travellers, and has never fully replaced personal travel insurance.
In its April 24 proposal the government said, “this change will have no impact on 99.5% of Ontarians. OHIP data suggests, of those 40,000 Ontarians who do travel outside of Canada each year and require health services, over 90 percent obtain private travel health insurance.”
During the May 2 announcement confirming the PCs will move ahead with the cuts, Health Minister Christine Elliot said the plan was not good value for Ontarians, and encouraged travellers to find private travel insurance…

Continue Reading On ratesupermarket.ca »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!