Illness and Disability

Why should you make a plan now, for something that may never happen? For the security of knowing that if you become sick, injured or disabled and aren't able to provide for yourself or your family, you'll have a safety net in place. 

Supplemental health insurance

There are many private insurers who offer health insurance above and beyond what your provincial plan includes. This insurance can cover medical supplies, prescriptions, vision, dental and more; and, it's fairly easy to customize a plan for your own or your family's needs. This is something you might want to look into now, because if you try and get coverage after you've become ill or disabled, costs could be prohibitive or insurance may not be available to you at all. 

Disability income protection service

If you were to become disabled, you could still get a regular monthly income. Talk to an insurance company about disability income protection; your premiums and the benefits you'll be eligible to receive will depend on your age, current income, what type of work you do and how long you want the benefits to continue after you stop working.

Long-term care insurance

If you're unable to care for yourself, long-term care insurance from a private insurer will help pay the costs of an extended stay in a health care facility, or home care from a licensed nurse or healthcare worker. 

CPP disability benefits

You could be eligible for disability benefits if you've contributed to the Canada Pension Plan (CPP) and you've worked at least four of the last six years. To qualify, you have to be under the age of 65 and be considered disabled under CPP legislation. https://www.canada.ca/en/services/benefits/publicpensions/cpp.html

 

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