How to Get Health Insurance

While you may not need life insurance, and you might be willing to risk not having earthquake insurance, don't gamble with health insurance. Just a couple of days in the hospital can drain almost anyone's savings. Health insurance can be expensive, but with a little research, you can find coverage that fits your budget.

How do I get insurance to cover my income if I get sick or hurt? 

You may have short-term or long-term disability insurance through work, but it may not be enough. For example, a short-term disability plan may replace up to 100% of your income for a certain number of days. If you have a long-term disability plan, it will combine with government plans to replace about two-thirds of your normal income.

How do I buy disability and critical illness insurance?

If you can, try to buy this extra insurance through your workplace while you are still healthy and well. In most cases, you will pay less than buying it outside of work.

Before you buy, take a good look at your choices. Most plans have a waiting period before you get money. Disability insurance plans that pay a monthly benefit often have longer wait periods than critical illness plans that pay a lump sum. Still, the wait may be worth it.

If you have further question feel free to contact Canada Insurance Plan.