Why You’ve Always Needed Travel Insurance
Chances are you’ve heard the news that starting this coming January, Ontario residents are no longer eligible for up to $400 per day for out-of-country hospital care through OHIP. Whatever political side of that debate you fall on, the reality is that purchasing travel insurance has always been a prudent financial protection for you and your family.
Until January 1st 2020, OHIP covers up to $400 per day for emergency in-patient services and up to $50 per day for emergency out-patient services. But if you’re travelling abroad, especially in the U.S., $400 a day has always been insignificant when compared to the actual cost of out-of-country medical treatment.
Given that in the U.S. for instance it’s quite possible to rack up medical bills that run in the thousands of dollars per day, even now if you don’t purchase travel medical insurance, you are only able to recover somewhere between three to five percent of emergency medical costs from OHIP.
Of course, as one might expect, there has been a lot of misinformation circulating about how this change is going to affect travelers. One rumor has been that OHIP’s decision to end out-of-country medical coverage makes you ineligible for coverage under any supplemental travel insurance policy.
Yes, it is true that private travel insurance policies require you to be covered by OHIP, but they do not require OHIP to cover you for out-of-country or out-of-province medical expenses.
What many people often don’t realize is that until something unfortunate happens, even trips to other provinces in Canada can cost you a lot of money in certain situations. Travel insurance is important in order to offset those costs OHIP does not cover. One example is OHIP doesn’t cover ambulance rides out-of-province. Nor does it cover medical evacuations or additional out-of-pocket expenses if whomever you’re traveling with must extend their stay to be with you.
This is where travel insurance can fill the gap.
At DPM Insurance Group, our brokers work with a number of insurance providers who offer a wide range of travel insurance products that provide comprehensive coverage at affordable prices. They will work with you to choose a plan that best fits your needs.
One product we really like are the multi-trip plans, which provide coverage for unlimited trips within a one-year period. So, whether you take an extended holiday, are popping across the border for a Red Wings game, indulging in a weekend cross-border shopping trip, or whatever the case, you’ll be covered for unlimited trips to numerous destinations for 12 months.
No matter what kind of plan you choose, our brokers will ensure you fully understand the benefits, exclusions, and limitations of your options. If you have questions, we can provide clarification and guidance so you don’t get caught by surprise.
Wherever you’re headed, regardless of how you’re getting there, if you’re leaving the province for work or play… even for a day, travelers insurance in going to give you the peace of mind to focus on taking care of business, or just enjoying your time away from home to the fullest.
At DPM Insurance Group, your security is our responsibility.