Issue link:

Contents of this Issue


Page 2 of 63

P R E S E N T E D B Y 1 Cash advance limit is to a maximum of $100,000. Conditions and limitations apply, see full policy for details. 2 Policy must be effective on or before October 1, 2021. Underwritten by The Manufacturers Life Insurance Company (Manulife). Conditions, limitations and exclusions apply. Available to Canadian residents only. Please see policy for details. ® CAA trademarks owned by, and use is authorized by, the Canadian Automobile Association. Manulife, Stylized M Design, and Manulife & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license. © 2021 The Manufacturers Life Insurance Company. All rights reserved. Manulife, P.O. Box 670, Stn Waterloo, Waterloo, ON N2J 4B8. Accessible formats and communication supports are available upon request. Visit for more information. To learn more, visit or call 1-844-538-7457 to speak with a Licensed Insurance Advisor. What is health and dental insurance? It's a contract between you and an insurance company. In exchange for paying a yearly or monthly fee (called a premium), the insurer agrees to pay certain benefits covered under your policy or plan. Why do I need it? Family life can be expensive, from orthodontic treatment to emergency care to medications. Government health insurance plans may not cover all of your routine medical expenses, such as prescription drugs, dental care and vision care. Those out-of-pocket costs can add up, particularly if you have a family, are self-employed, retired, between jobs or not covered by a company plan. I have group coverage through work. Is that enough? Some people have what's known as group health and dental coverage through work. There are two key differences between employer group plans and individual plans. The first difference is that your coverage will end if you change jobs or retire with a group plan, but with an individual plan, you own your coverage. The second difference is that group plans are designed for a group of people, and are not specifically tailored to your family. This means you may end up with some benefits you don't want or need, and may not receive other benefits you do want. In some cases, group plans alone may not cover enough of a specific benefit that your family needs. QUESTION PERIOD When buying health and dental insurance, ask yourself the following What are my costs of coverage through my employer? • What are my annual limits or maximums? • If my partner also has a plan, how does the coordination of benefits work with my coverage? • Will I get reimbursed at the time of purchase or will I need to submit an expense claim? INSIDER TIP Help protect yourself and your family at last year's lower rates when you apply by Sept. 30, 2021 2 Health and Dental Insurance 2021-04-20 12:14 PM

Articles in this issue

Links on this page

view archives of CAA_SCO_SUM21 - CAA_SCO_SUM21