Term
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Definition
| Includes hospital, surgical, and physician expenses that are required or necessary, as defined by the provincial health care regulations, for maintaining the health of an individual. |
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Term
| Supplementary health care expenses |
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Definition
| Health care costs that are not considered part of a government sponsored medical plan. |
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Term
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Definition
| Government sponsored and covers the costs associated with a hospital stay, including room charges, nursing costs, operating room fees, and drugs supplied by the hospital. |
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Term
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Definition
| Covers the cost of surgery. |
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Term
| Physician Expense Insurance |
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Definition
| Covers physicians' fees outside of surgery, including office or home visits, laboratory fees, and x-ray costs when they are not performed in the hospital. |
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Term
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Definition
| An amount that the insured must pay before the insurance company starts paying. |
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Term
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Definition
| A percentage of the medical costs that the insurance company will pay, often 80 or 90%. |
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Term
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Definition
| Provides dental coverage. |
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Term
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Definition
| Provides coverage for eye examinations, glasses, and contact lenses. |
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Term
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Definition
| A supplementary medical service plan that pays all or part of your medical costs for services not provided by government sponsored plans. |
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Term
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Definition
| Supplementary health insurance that is sold, usually without a medical exam, to a specific group of individuals who are associated fro some purpose other than to buy insurance. |
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Term
| Individual Insurance Policy |
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Definition
| For individuals who do not have access to a group insurance plan. |
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Term
| Workers Compensation Laws |
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Definition
| Provincial laws that provide payment for work-related accidents and illness. |
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Term
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Definition
| Insurance against lost earning power due to disability. |
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Term
| Short-term disability (STD) |
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Definition
| A disability policy that provides benefits over a given period, generally from 6 months to 2 years. |
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Term
| Long-term disability (LTD) |
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Definition
| a disability policy that provides benefits until the individual reaches an age specified in the contract, generally 65 or 70. |
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Term
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Definition
| the period after the disability during which no benefits occur.you should consider having a 3 month period. |
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Term
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Definition
| A disability insurance provision that allows your insurance to stay in force should you become unable to work due to disability or illness. |
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Term
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Definition
| An insurance provision that allows for payments for vocational rehabilitation, allowing the policyholder to retain for employment. |
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Term
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Definition
| Insurance that pays for nursing home expenses, as well as health care while still at home. |
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