Understand Extended Health & Dental insurance
Extended Health and Dental Insurance: Choosing the Right Coverage for Your Needs When it comes to health care expenses, unexpected costs can quickly add up. That’s why it’s important to have extended health and dental insurance to help cover the costs of medical and dental services not covered by provincial plans. At United Life, we offer Personal Health Insurance (PHI) and Health Coverage Choice (HCC) solutions to help clients get the coverage they need. PHI is an excellent solution for young individuals, couples, families, and those who are self-employed, in a contract position, or close to retirement. With guaranteed coverage and no medical evidence required, PHI can provide affordable coverage for day-to-day health expenses and unexpected medical emergencies that aren’t covered by provincial plans. Dental benefits and semi-private hospital coverage are optional on some plans, and business owners may be able to claim a tax deduction equal to the annual premium. On the other hand, HCC is an ideal solution for clients leaving a group benefits plan, retiring, recently laid off, or leaving a job to start their own business. HCC provides affordable coverage for day-to-day health expenses and unexpected medical emergencies that aren’t covered by provincial plans, and dental benefits are optional on some plans. No medical information is required, and clients who are within 60 days of losing their group coverage due to ending employment or retiring are guaranteed coverage.
When choosing between PHI and HCC, clients should consider their unique needs and circumstances. PHI may be the right solution for those who are self-employed, contract workers, or would benefit from topping up their existing group coverage. HCC may be the better choice for those leaving a group benefits plan or who are recently retired.
At United Life, we offer a range of extended health and dental insurance solutions to help clients get the coverage they need. To learn more about our products and services, clients can reach out to us at www.unitedlife.ca or call us at 905-906-7000.
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