There are two reasons to consider exploring the most appropriate health insurance options in Canada if you come under the International student status: It is mandatory and it reduces risks.
Why reduce risks?
As a student in Canada, it is important to have insurance to protect yourself from financial risks. Without insurance, you would be responsible for any medical expenses, damages or losses that may occur. Insurance can provide coverage for medical bills, property damage, legal costs and much more. Consider the following reasons:
Hospital Expenses: If you travel to Canada as an international student, you will be responsible for hospital and medical expenses incurred. Health care costs in Canada are very expensive. Hospitals can charge thousands of dollars a day, and many Canadian hospitals charge additional fees for non-residents.
Predictability: The period of study in Canada for an international student ranges from 1 to 3 years on average. It is foreseeable that, in this period of time, at some point, you may suffer an emergency caused by illness, extreme weather variations or an accident.
Peace of mind: Depending on the complexity of the health situation, the costs could end up ruining the Canadian dream, since the investment in education or building a future in a new country could be used to recover health.
Health insurance will help protect you and your family against unforeseen expenses due to a medical emergency while studying in Canada.
Why is it mandatory?
It is also important to have insurance to comply with Canadian legislation, as most provinces and territories require everyone to have a minimum level of health insurance coverage.
According to the government of Canada.ca:
"The Government of Canada doesn’t pay for the medical costs of foreign students.
Health coverage for foreign students is different depending on where you live. Contact the school you are applying to for more information about health insurance".
International students who study in Canada are required to purchase health insurance during their stay in Canada. Some provinces offer health insurance coverage to international students; however, most provinces require students to sign up for private health insurance. In addition, all international students are required to have basic and extended health insurance for the duration of their studies at Canadian universities.
Most Canadian institutions require students to obtain health insurance from an approved insurance company before they begin their studies. It is important for students to ensure that the health insurance they are purchasing covers all of their medical needs during their stay in Canada.
What could be included in my student insurance in Canada?
In addition to providing you with peace of mind, as you are guaranteed to be covered in the event of an unexpected incident, some of the following health situations may be included in your policy:
- Hospital and emergency physician
- Professional services
- Drugs or medications
- Maternity benefit
- Ophthalmological examination
- Physical exam
- Emergency air transportation/return home
- Transportation of family or friends
- Dental
- Accidental death and dismemberment
If you want to know the details of coverage, timing and the "fine details" in insurance, contact an advisor who can understand your case, needs and requirements to purchase insurance. Request a free consultation today:
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