Travel Insurance – outside Canada

Greetings once again and I am going to pickup from last week’s topic of the need for travel medical and dental insurance – this time looking at things outside Canada.

First, of course, the quality of emergency medical and dental care varies widely around the world – particularly outside North America, the European Union, parts of the Pacific Rim and Austral-asia areas. With that as a given, let’s look at coverages.

Many plans have exclusions or limited benefits payable if you have a flare up/emergency related to an existing medical condition – such as a history of heart problems, diabetes, stroke, etc. READ THE LIMITATIONS BEFORE YOU BUY! I am not aware of any travel insurance policies that cover costs incurred on a “medical” vacation or for cosmetic procedures or treatments.

The questions on the application must be completed with 100% accuracy – if you are not sure how to answer them, go and see your doctor – do not “guess” at the answers – this can easily result in your claim be denied or severely restricted. Listing of your medications, dosage and duration of treatment or use of that medication will also be required. Check if the plan has a toll-free number for emergency personnel to call and get approval for treatment. Check if you have to pay the bill yourself first and then submit a claim to the insurance company or if the medical providers can bill the insurance company directly.

If you travel regularly out of Canada, you may be better off purchasing a multi-trip plan that gives you coverage for a full year for a number of trips of varying durations.

To quote the Ontario Ministry of Health and Long Term Care: “You are strongly advised to purchase additional health insurance every time you leave Canada and ensure that the supplementary insurance you have purchased provides adequate coverage.”

Ian Whiting

Ian R. Whiting CD, CFP, CLU, CH.F.C., FLMI (FS), ACS, AIAA, AALU With more than 40-years of experience in the industry, Ian has qualified 3 times for MDRT, completed LUATC in 1979, the LUAC Financial Planning Skills Course and attended numerous Schools in Agency Management and Sales Management through LIMRA. He obtained his CLU in 1987 while also completed his IFIC qualification and completed his Fellowship in the Life Management Institute with a specialty in Financial Services in 1988. In 1989, he completed qualifications for his Chartered Financial Consultant designation. In 1992, he qualified as an Associate of the Academy of Life Underwriters (Head Office underwriter qualification) and in 1993 he completed his Associate, Customer Service designation program through LOMA. In 1997, he qualified as a CFP and also completed his courses and exams to obtain the Associate, Insurance Agency Administration designation. In 1999, he completed the study and examinations to qualify as a Trading Officer, Partner and Director for Mutual Funds with the BC Securities Commission. As a result, he is also qualified as both a Branch Compliance Manager and Head Office/Provincial Compliance Officer. He served for nearly 18 years with the Canadian Forces (Air) Reserve (reaching the rank of Captain) primarily working with Air Cadets and was award the Canadian Forces Decoration (CD) in 1982. Long known as a maverick and forward thinker in the financial services world, Ian enjoys the challenge of learning new material and planning for the future evolution of his chosen profession.