VISITORS TO CANADA MEDICAL INSURANCE

Rates and Deductibles – To make price comparisons easier, our published rates are now the $0 deductible rates. The new premium rates for $0 deductible are the same as, or lower than, the V08 premiums for $50 deductible. In other words, we’ve reduced rates across the board! The $50 deductible has been discontinued. We have introduced new $100 and $500 deductible options to add to the options of $250, $1,000, $5,000 and $10,000.

Higher Coverage Limits. The $10,000 coverage option has been eliminated (it only covered about 2 days of hospitalization) and we’ve now added a $200,000 option to keep pace with customer demand due to the rising costs of healthcare in Canada.

Relief of Dental Pain is Back! Back by popular demand, the relief of dental pain benefit is now included in the Enhanced (previously called SCCO) and Standard plans.

Increased AD&D Coverage. The AD&D benefit included with the Enhanced and Standard Plans is now $25,000 (up from $10,000) and is payable over and above the aggregate policy limit in the event of death due to accidental injury. (Note that some of our competitors offer AD&D but if the policy limit is already paid out when the insured dies, the AD&D may not be paid out at all because the policy maximum has been reached).

There are now two plans, both of which include our more comprehensive package of benefits:

• the Enhanced Plan which has replaced what we used to call SCCO coverage. It can be sold up to age 85. Stable pre-existing conditions are covered. A Medical Declaration must be completed over age 54; and

• the Standard Plan which is very similar to our previous Standard Plan. It can be sold to clients age 55 to 85 only. No pre-existing conditions are covered.