Comments on: Insurance You Can Do Without – Cancer Insurance

By: Tom

Tom — Thu, 17 Dec 2009 21:12:32 +0000

Sorry to hear that Monty, and yes, it’s nice to live in Canada and have the medical expenses covered.

By: Monty Loree

Monty Loree — Fri, 11 Dec 2009 15:52:27 +0000

My wife has ovarian cancer.. I’m glad to live in Canada because it’s all covered.. Her loss of income isn’t covered though.

We didn’t know it was cancer until she actually had the operation… They told us that it could be a cyst, and it wasn’t guaranteed to be cancer.

It’s a really bad situation… and it’s hard to know…
Monty Loree´s last blog ..some downsides of being frugal

By: Friday Links | The Canadian Finance Blog

Friday Links | The Canadian Finance Blog — Fri, 09 Oct 2009 09:05:00 +0000

[...] Business Blog included Insurance You Can Do Without – Cancer Insurance in this week’s Cavalcade of [...]

By: Health Business Blog » Blog Archive » Cavalcade of Risk

Health Business Blog » Blog Archive » Cavalcade of Risk — Wed, 07 Oct 2009 13:47:44 +0000

[...] Cancer insurance? Not a good deal says Canadian Finance Blog. [...]

By: Insurance You CAN NOT Do Without | The Canadian Finance Blog

Insurance You CAN NOT Do Without | The Canadian Finance Blog — Wed, 07 Oct 2009 09:04:41 +0000

[...] has pointed out that you can do without Cancer insurance, but you can NOT do without critical illness insurance. Unlike life insurance, critical illness [...]

By: marcellus lee

marcellus lee — Sun, 02 Aug 2009 09:24:40 +0000

great info very helpful!

By: Tom

Tom — Sat, 01 Aug 2009 15:44:27 +0000

Brian, I think critical illness insurance is a well worth the premiums since it covers a wide array of issues, as I stated in the final paragraph of the post.

However, I think that insuring against one specific disease, without any prior diagnoses, is a bit of a gamble.

By: Brian Poncelet, CFP

Brian Poncelet, CFP — Sat, 01 Aug 2009 13:26:59 +0000

Hi Tom,

I have a few questions for you. Do do know any who got cancer, heart, attack stroke, MS,had to get coronary artery bypass surgery, Alzheimer’s disease, Deafness? plus a number of other problems not listed here.

Can you get 8% every year on your money? For the next 20 plus years had you not bought the policy and invested it?

Can you get all your money back with other insurance coverage like home or auto if you don’t make a claim? (you can with criticall illness insurance)

Did you know that the coverage offered in Canada can not be bought for the same guarranteed rates in the US or in UK?

If you want to learn more drop me a line.

Brian

By: Tom

Tom — Sat, 27 Jun 2009 16:56:08 +0000

Medical visits and operations are covered. Other items like prescriptions or loss of wages are not. Many people have prescriptions covered through their employer or a plan like Blue Cross, but these might only be 80%, the insurance would cover the remaining. But yes, when needing medical attention, that’s covered.

By: vh

vh — Sat, 27 Jun 2009 16:14:16 +0000

Waitaminit. Does this mean that Canadian national health insurance doesn’t cover catastrophic illness? If you get cancer, are you not covered?

That casts a whole new light on the argument that US health care reformers should look to Canada for a model. It would mean you pay high taxes to get health coverage but STILL have to pay extortionate premiums to some insurer to be fully covered. Is that so?