Nine out of 10 Canadians believe they are fully covered for all costs associated with hospital stays and psychiatric treatment, finds a Sun Life survey.
Additionally almost four out of five Canadians say that they do not expect to pay out of pocket to cover costs associated with: nursing home/long-term care residence (79%); hearing aids (78%); and home care (76%)
To help Canadians understand what governments, employee benefit plans and personal insurance cover, Sun Life Financial has released a series of provincial healthcare funding guides. The guides outline and detail coverage options, personal costs and other key considerations for common health events or services, such as: disability; home care; long-term (nursing home) care; palliative (end-of-life) care; and prescription drugs.
“Canada’s health insurance system was set up to respond to people’s need for it, rather than for their ability to pay for it,” says Brigitte Parent, senior vice-president, individual insurance and wealth with Sun Life Financial Canada. “However, our research revealed that a large majority of Canadians are not aware that not everything is covered by their provincial health insurance.”
Also read: