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What is Insurance ? | Insurance for Foreign Workers in Canada | How does insurance work?

What is Insurance ? | Insurance for Foreign Workers in Canada | How does insurance work? 1

What is Insurance ?

Insurance is a way of protecting yourself and your loved ones from an uncertain future. In exchange for a monthly premium, your insurance company promises to pay out a set amount of money if something happens that causes you to lose money. This could be something like the death of the policyholder, or damage to your property. So, if you’re worried about what might happen in the future, insurance could be a great way to protect yourself.

How does insurance work?

The contract between the insurer and the insured is called the insurance policy. This document lays out the specific terms and conditions under which the insurance company will payout an insurance claim to the insured person or their nominees. Insurance is a way of protecting yourself and your loved ones from a potential financial loss. In most cases, securing a large insurance policy costs much less than the amount you would pay in the event of a loss. You can choose to get insurance from any company you like, but the decision to provide insurance is at the discretion of the company. They will evaluate your claim application to make a decision. Generally, companies refuse to provide insurance to high-risk applicants.

What does Temporary Workers Insurance cover?

There are many different Temporary Foreign Workers insurance plans, but they all offer the same coverage. Medical insurance for Foreign Workers ONLY covers medical emergency treatment of unexpected sicknesses and accidental injuries excluding routine health care.

  • Medical Care for Emergencies
  • Follow-up Visits
  • Repatriation / Emergency Home Return
  • Ambulance Services
  • Emergency Dental Repair
  • Accidental Dental
  • Various Laboratory Diagnostics/ X-Ray
  • Prescription Drugs
  • Medical Specialist Services
  • Hospitalization
  • Rental or Purchase of Medical Appliances

Temporary Workers Insurance

Foreign Workers Insurance in Canada is designed to provide the best possible coverage for emergency medical treatment for work permit holders. This includes those who do not qualify for provincial medical care plans or have a 3-month waiting period in BC, ON, QC, SK and Yukon.

Who needs Temporary Residents & Workers Insurance?

If you’re a foreigner working in British Columbia, Quebec, Yukon, Saskatchewan or Ontario region, you’ll need to wait a couple of months before you’re eligible for public health care. That’s why it’s a good idea to get Temporary Foreign Workers health insurance while awaiting your government insurance card.

How does Temporary Foreign Workers Insurance work?

As a Canadian Work Permit Holder, you may be eligible for provincial health benefits, but these can take up to 2-3 months to kick in. In the meantime, you can opt for a private health insurance plan that is specifically designed for Temporary Residents in Canada and Foreign Workers, in order to avoid paying out of your own pocket for medical emergency treatment of accidental injuries and unforeseen sicknesses.

Do Temporary Foreign Workers in Canada need to buy medical insurance ?

If you’re coming to Canada as a Temporary Foreign Worker, it’s highly recommended that you purchase private insurance. If you have a medical emergency while you’re not covered under any government insurance plan in Canada, your private Foreign Workers insurance will help take care of the costs.

When should I purchase Foreign Workers insurance?

The best time to get your Temporary Workers insurance policy is before leaving your own motherland country and travel to Canada. It is better to wait for some business days before buying your travel health insurance in order to avoid the waiting period, because at that time you will not be able to use your insurance policy.

Insurance Plans for Foreign Workers

Before you leave your home country, be sure to research the cost of health care in other countries. If you become ill while abroad, you may be charged thousands of dollars per day for hospital care. In some cases, hospitals may even charge a non-resident fee to patients not covered under a government health insurance plan.

Benefits of Insurance Policy

  • You will get comprehensive protection in case of an emergency.
  • With this insurance policy, you have access to $1,000,000 in emergency hospital and medical coverage.
  • In addition, you will get 24/7 multi-lingual assistance, as well as ambulance services, should you need them.
  • You can also take advantage of other benefits, such as our Return Home coverage, Eye Examination benefit, and Maternity Benefit.

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