Best Medical Insurance Company in Canada

Finding the best medical insurance company in Canada should be at the top of your list of priorities when planning to immigrate to Canada. Surprisingly, there are some excellent options from which to choose.

One of the prominent advantages that Canadians have is plenty of medical insurance companies to rely on. However, each medical insurance company likes to offer something unique or something they feel is better than their rivals.

Most certainly, you hit upon this post because you are looking for the best medical insurance company in Canada.

We definitely understand what it takes to find the company that will best suit your health and career paths in medicine. And yes! We’re here to help you.

Hence, this article will be reviewing ten of the best medical insurance company in Canada based on research and existing user reviews.

10 Best Medical Insurance Company in Canada

So, below is a comprehensive list of top medical insurance companies that offer the best medical insurance regarding customer service ratings, benefits, coverage and rates.

#1.  Sunlife Medical Insurance Company

This company is one of Canada’s largest life insurance companies. The insurance company offers three health insurance options to choose from. They include Personal Health Insurance, Critical illness insurance and Travel medical insurance.

In addition, they offer anywhere from 60-80% coverage on prescription drugs and dental coverage and many other travels and paramedical services as well.

Likewise, Sunlife medical insurance company offers basic medical insurance coverage that comes in four different plans.

• Whole Sunlife Medical Insurance Plan
• Term Sunlife Medical Insurance Plan
• Universal Sunlife Medical Insurance Plan
• Guaranteed Sunlife Medical Insurance Plan

#2.   Manulife Health Insurance Company

This is one of the best medical insurance companies in Canada, which offers many types of permanent insurance.  The medical insurance company has a long history of providing insurance and financial services in Canada and all over the world.

For over 100 years, Manulife has offered financial protection through flexible, comprehensive insurance products and wealth management products and services to their clients.

In addition, Manulife medical insurance company offers health and dental insurance plans that allows clients to select a level of coverage that fits their budget and family needs.

Aside from the regular health and dental plans, Manulife medical insurance company offers two other plans which includes

• Flexcare plan
• Manulife FollowMe health and dental plan

Manulife FlexCare plan

This plan is specifically designed to help you deal with sudden medical and dental expenses not covered by provincial healthcare plans in Canada.

Moreover, this plan is designed to suit your family’s needs and is available to all Canadians who are 18 years and older and already have provincial health insurance coverage.

What are the benefits of the Manulife Flexcare plan?

This plan allows you to save money associated with sudden health and dental care procedures. By using this plan, you can bring your coverage with you if you ever change jobs or if your health changes in the future.

In addition, you have the freedom to choose the amount and type of insurance coverage that aligns with you and your family’s needs.

Manulife FollowMe health and dental plan

This health and dental plan provides you and your family with affordable health and dental coverage if you ever lose your benefits.

This plan offers guaranteed insurance coverage for Canadians who have lost their insurance coverage within 90 days of losing their group benefits coverage.

In this case, there is no medical questionnaire to fill out and the insurance coverage extends to those with pre-existing medical conditions, regardless of their age at the time of application.

What are the benefits of the Manulife FollowMe health and dental plan?

Manulife FollowMe health and dental plan gives you full control over your coverage rather than trusting an insurer to provide you with it.

In addition, there are no medical questionnaire to fill out, making it an easier way to sign-up.

#3. GreatWest Life Medical Insurance Company

GreatWest Life Medical Insurance Company is one of the best medical insurance company in Canada, which offers quality medical options for all faucets of your life, including life insurance, critical illness insurance, among others.

It specializes in providing health plans to families and individuals with unique protection needs such as Term Life Insurance and Permanent life insurance plan.

Beyond being a life and health insurance company, Great-West Life Medical insurance company offers other plans which includes:-

• Investment and savings packages
• Retirement income packages
• Banking Services
• Group Benefits and retirement packages
• Business Owner Insurance

#4.  Green Shield Canada Medical Insurance Company

This is a not-for-profit medical insurance company that provides healthcare services, dental coverage and group benefits including administration services at affordable rates.

Types of Green Shield Canada Insurance plan

Below are two types of Green Shield Canada Insurance plan:

• Green Shield Canada Zone: suitable for individuals who are new to the private health care coverage.
• Green Shield Canada Link: This plan makes it easy for individuals to switch from one private health insurance to another. A good example of people under this plan are individuals who are due for retirement and contract workers.

#5.  Group Medical Services (GMS) Medical Insurance Company

GMS Health Insurance is also among the best medical insurance company in Canada covering a wide range of medical costs that government and other private benefit plans do not.

The company offers personalized service, with teams available 24/7 whenever you need support.

In addition, GMS medical insurance company could be the best option for you if you do not have medical benefits through your employer or if you would like additional benefits not offered by your employer’s or province’s health and drug coverage.

 Types of GMS Medical Insurance Plan

The following are types of GMS Medical Insurance Plans

• Basic Plan
• OmniPlan
• ExtendaPlan
• GMS Essential Plan

#6.  TD Medical Insurance Company

TD medical insurance company is the leading direct response insurance company in Canada, offering quality insurance plans ranging from Home insurance, Auto insurance, Life insurance, Travel medical insurance and Credit protection.

From getting a quote to filing a claim, their experienced advisors will help you find options that are right for you.

Here, individuals and families can build an insurance package that suits their medical and financial needs.

#7. Ivari Medical Insurance Company

Ivari medical insurance company offers a wide range of life insurance and critical illness plans through independent insurers.

More so, the company provides various insurance policies designed to help individuals and families make the right choice for their protection needs.

Popular plans provided by Ivari medical insurance company includes:-

• Critical Illness Insurance plan
• Ivari Term Life Insurance plan
• Universal Life Insurance plan

#8.  RBC Medical Insurance Company

RBC is another large and well-known insurance provider in Canada. This company provides term coverage for people looking for affordable insurance plans.

The following are popular plans provided by RBC medical insurance company

• RBC Hospital Insurance Plan: This plan will protect you and your family from hospital and recovery expenses that may not be covered by your other insurance provider.
• RBC Simplified Disability Insurance Plan: This plan helps to protect your income if you become injured or ill.
• Personal Accident Protection Plan: This plan helps to protect your family against sudden and unexpected injury.
• Critical Illness Insurance Plan: This plan helps to protect your lifestyle and recover from a serious illness.

#9.   Blue Cross Medical Insurance Company

Certainly, Blue Cross is one of the best medical insurance company in Canada, which focus on dental, and travel insurance coverage needs, as well as income protection on an individual and group basis.

In addition, each Blue Cross plan is deeply involved in its community and committed to improving the health and wellness of its clients.

With flexible and affordable medical insurance plan, more Canadians choose Blue Cross medical insurance companies than any other provider.

#10.  Scotia Life Health and Dental Insurance Company

Finally, Scotia Life Health and Dental Insurance Company have tons of coverage available to individuals and families. Also, they are prominent for offering coverage for more illnesses than any other insurance provider.

It provides Canadians with supplemental healthcare services and dental coverage at affordable rates. Aside from their medical plans, they also offer financial products, annuities, critical illness, etc.

Frequently Asked Questions

What is medical insurance?

Basically, Health insurance is an insurance product that provides cover for medical and surgical expenses of an insured person, in case of a medical emergency.

What are the things I should consider before buying my medical insurance policy?

Before making a health insurance policy purchase, it is advisable for you to consider your medical needs, the type of plan you want to invest in, the features of the plan and customer reviews.

How much does medical and dental insurance plan cost in Canada?

According to a report, an average household spends $4,000 on medical and dental insurance plans in Canada.

What is the eligible age to buy health insurance?

While the eligibility age for health insurance policies differs, the general eligibility age for adults ranges between 18 years to 70 years.

How often do Canadians pay for life insurance?

Payment plans and life insurance rates vary from one insurance company to the other. However, most providers allow Canadians to pay monthly, semi-annually (twice a year), quarterly (four times a year) and annually.

Conclusion

In conclusion, Many medical insurance providers offer different plans and policies. However, it is left to you to carefully choose a company that suits your health and financial situation.

In addition, it is advisable to read the terms and conditions governing any policies you are considering before signing up.