Health & Wellness

Is there any reason to buy health insurance for your children in Ontario?

  • Last Updated:
  • Jan 18th, 2019 6:32 am
[OP]
Deal Fanatic
User avatar
Apr 11, 2008
5754 posts
471 upvotes

Is there any reason to buy health insurance for your children in Ontario?

Ford's change to OHIP+ is confusing to me. Given OHIP+ will cover children without private health insurance, why would anybody buy insurance for their children?
5 replies
Penalty Box
User avatar
Mar 10, 2018
2861 posts
206 upvotes
Archanfel wrote:
Jan 15th, 2019 3:41 pm
Ford's change to OHIP+ is confusing to me. Given OHIP+ will cover children without private health insurance, why would anybody buy insurance for their children?
Is there any reason to buy health insurance for your children in Ontario? No.
It was very recent change by last government. So I guess it was not there before.
I dont care about Ethics, morals, rules or laws. I will apologies only when I get caught.
I try not to apologies but sometimes do it. not because its right thing but it benefits me.
Deal Guru
Feb 24, 2018
10746 posts
10854 upvotes
Platinum insurance plans are still a thing, I believe. Nice little bump in convenience, they also include things like generous optical, dental, podiatry (if memory serves), etc.

You'll find this more commonly among the upper middle class and above.
Deal Fanatic
Feb 7, 2017
9939 posts
7228 upvotes
Eastern Ontario
redflagdealsguy wrote:
Jan 15th, 2019 4:03 pm
Platinum insurance plans are still a thing, I believe. Nice little bump in convenience, they also include things like generous optical, dental, podiatry (if memory serves), etc.

You'll find this more commonly among the upper middle class and above.
This

Because there are some things not covered by OHIP
Especially in the areas of dental, optical, hospital stays (semi private / private vs wards), physio, drugs etc

Most folks who have EXTRA INSURANCE do so because they have a job where it’s offered as a benefit thru work

So it’s relatively cheap and the premiums are low for a Single, Couple, or Family (Plus Employer pays a portion or because of Bulk Buy) vs the high amounts collected back annually by the user
Member
Apr 29, 2007
447 posts
167 upvotes
Richmond Hill
Archanfel wrote:
Jan 15th, 2019 3:41 pm
Ford's change to OHIP+ is confusing to me. Given OHIP+ will cover children without private health insurance, why would anybody buy insurance for their children?
Exactly. That's why a lot of people like me who pay for our own individual/family plans have dropped medication coverage for our kids.
[OP]
Deal Fanatic
User avatar
Apr 11, 2008
5754 posts
471 upvotes
TomLafinsky wrote:
Jan 16th, 2019 3:35 pm
You better take the fine print to your doctor before signing so he can explain to you how the insurance company will manage to not pay when you have a claim. I'm serious.
That is why I prefer a health spending account. I have decided to get a dental only plan.

Top