Provincial health plans should not help snowbirds cover their out-of-country medical costs GlobeInvestor
This translation has been automatically generated and has not been verified for accuracy.With their endless premium increases, insurance companies are on their way to positioning themselves as the Number One villain in personal finance.
Portability may have practical value when travelling within Canada, but it’s largely fictional if you leave the country. Expect this coverage to amount to less than 10 per cent of the cost if you get sick or are injured outside Canada. An actual case handled by this insurer: A 60-year-old man lost a finger in an accident maintaining his boat at a U.S. marina and the total medical bill came to $58,301 . Provincial health care paid $76.30 of that amount.
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