Private health insurance companies in Canada offer extensive coverage of vast medical procedures that are not covered under Medicare or universal health policy.
These nationwide top medical insurance companies offer various individual, family, and business plans along with extra covers for complete financial stability. Choose among the major insurance providers for acute and chronic treatments, emergency checkups, and dental care.
List of the Best Health Insurance Companies In Canada
Canadian Life and Health Insurance Association (CLHIA) claims that 70% of Canadian citizens have private medical insurance plans to broaden the health coverage offered by the government’s Medicare. The eligibility criteria for these top companies include the citizens and the permanent residents of the country. Find an affordable insurance plan from these listed companies to cover your psychological, dental, physiotherapy, and other private treatment needs.
Blue Cross
Blue Cross is considered Canada’s number 1 insurance provider. Their insurance plans cover the medical cost for individuals, families, and employees. All citizens and permanent residents of Canada are eligible for their top health insurance policies.
Blue Cross covers all prescription drugs, GP visits, and hospital stays and offers additional coverage for complete dental coverage. Accidental death and dismemberment coverage plans are also available under this company.
The customizable health insurance plans for this company include;
- Entry level plan
- Essential plan
- Enhanced plan
Manulife
Another of the best health insurance companies in Canada for nationwide medical coverage is Manulife. All Canadian citizens can subscribe to their plans, which include;
- Combo plus starter
- Combo plus enhanced
- Combo plus basic
In addition to these, the basic plans are also available for covering short and long-term treatments, travel expenses for medical reasons, and additional covers for massage therapy, dental treatments, medical equipment such as wheelchairs, etc.
Sun Life Canada
Sun Life, a Canadian health insurance company, has one of the best personal health plans for health expenses that are not covered under governmental plans, such as prescription drugs, dental, and vision care.
Critical illness insurance with Sun Life company helps pay the costs associated with surviving a life-altering illness. In addition, long-term care and disability plans are also available to ensure the financial security of the citizens.
Its major plans include;
- Basic plan
- Standard plan
- Enhanced plan
Costco
Costco started in 1983 in the U.S. and is a well-known retail chain that offers additional financial and insurance products, including medical and life insurance. This is provided by Manulife, which is one of Canada’s largest banks. Their insurance plans are not customizable like many other private companies and have 5-year or 10-year subscription plans. Their plans include;
- Starter
- Essential
- Enhanced
These include virtual primary care tours, eye check-ups, and prescription drugs with additional add-ons for dental coverage. To get Costco health insurance, an initial medical exam or interview may be required to qualify for their policies.
RBC Royal Bank of Canada
One of the major health insurance companies in Canada is RBC Insurance. Their affordable policies cover treatment costs as well as recovery resources for you and your loved ones. Various plans offered by the Royal Bank of Canada include;
- Disability insurance
- Critical care insurance
- Hospital insurance
- Injury and illness
Choose the best suitable insurance plan starting from as low as $10.6 per month. You can also get their advisory services for customized premium coverage. However, their medical coverage is minimal as compared to the other companies.
Canada Life
One of the most popular health insurance providers, Canada Life Health, was founded in 1847 and was the first Canadian domestic life insurance company. The company ensures the financial security of its citizens nationwide, irrespective of their age.
All the medical programs that are not included in the public insurance are covered under this private health insurance. The policies offered by the company are customizable as per the individual needs and can include nursing services, dental coverage, and all other additional covers. Canada Life offers financial security under;
- Health and dental plan
- Disability coverage
- Critical care coverage plan
Conclusion
All the medical expenses that national Canadian insurance doesn’t cover can be availed by the top private health companies. These major companies offer affordable financial solutions to cover all the medical and dental procedures for the citizens and permanent residents. Select the best health insurance company based on your personal preferences and advisory details.
FAQs
Is Canadian health insurance good?
Canadian healthcare system is one of the top in the world with universal health coverage called Medicare. For additional coverage, private insurance companies offer reliable solutions.
Which is the largest health insurance provider in Canada?
Manulife is one of the top medical insurance providers with assets of more than $849.
How much does Canadian health insurance cost?
The private insurance companies for health in Canada have variable costs based on their offerings. On average, monthly health insurance cost ranges between $63-67 per month.
