OHIP No Longer Providing Out-of-Country Medical Coverage.
Effective January 1, 2020, the Government has made significant changes to OHIP’s Out-of-Country medical coverage. The provincial government is no longer providing emergency medical coverage, shifting 100% of the risk on to Ontarians. Protecting yourself with the right Travel Insurance has never been more critical.
Below is an example of some of the costs that could be associated with a broken leg while travelling in the USA:
- $2,500 – Cast and Fracture Clinic Fees
- $17,000 – $35,000 – Surgical treatment for setting of bones
- $2,000 – Additional surgeon fees
- TOTAL: $21,5000 – $39,500
For most Canadians, a medical emergency while abroad represents a significant financial risk. A typical U.S. hospital stay often exceeds several thousand dollars, and it is common to see claims for certain situations run into the hundreds of thousands, and beyond.
Understanding your options when it comes to travel insurance can be very complex and often frustrating. Searching online for travel insurance leads to an overwhelming number of options and policies, each with its own specific conditions, rates and requirements. Many people also have existing coverage provided by their Credit Cards, Group Benefit Plans, Associations or other affiliated programs.
At SC Insurance, Travel Insurance Specialist Lori Field, helps clients understand their own situation, and helps them find the right solution.
Clients can no longer rely on OHIP, so we are advising everyone more than ever to be proactive in insuring their travel.
Lori Field, Travel Insurance Specialist
Here are Lori’s top 3 tips for how you can find the right travel coverage:
1. Review Existing Coverage
Review the details of your health plan at work, or any plan associated with your credit card and identify the coverage details. Determine any gaps you need to fill with a private policy.
Many Premium Credit Cards and Group Benefit Plans provide coverage; however, you need to understand the limitations and maximums that exist and how they might impact you.
2. Identify the limitations and restrictions
Whether you have existing coverage or need to buy additional insurance, it is important to understand the impact of pre-existing conditions and stability of health and how they impact your coverage. Below are some of the key terms included in most policies. These can vary between policies, and misinterpretation of them is the primary reason for most denied medical claims.
3. Be Honest!
When applying for coverage, or asking for a coverage opinion, be sure to disclose any pre-existing conditions and medications. Otherwise, your coverage may not be valid. When in doubt, speak with your doctor on how to answer medical application questions.
The changes to OHIP’s out-of-country coverage should open everyone’s eyes to the importance of understanding your coverage and your own risks. It has never been more important to find the right protection.
SC Insurance provides clients with personalized support and assessments from our experienced team.