# Friday, January 13, 2006
                 

Buying Travel Medical Insurance

Travel medical insurance is an essential thing to have when traveling abroad. However, there are certain things that should be taken into account before purchasing your insurance.

The first thing to determine is whether or not you already have travel insurance. Some people are not aware that their group insurance (i.e. employee benefits) has travel coverage. If you do have travel coverage through your group benefits then a good thing to determine is the length of coverage it offers. Make sure that your entire trip is covered, and if it isn't then you may want to consider top-up insurance.

Travel benefits are also sometimes offered through credit cards. However, this is often accident-only, and may not offer protection from sudden and unexpected illness. Know what your coverage is, along with all limitations and exclusions.

Finally, if in doubt consult a broker!

posted on Friday, January 13, 2006 5:28:52 PM (GMT Standard Time, UTC+00:00)  #   
# Thursday, January 5, 2006
                 

Often times health plans require a medical questionnaire to be filled by the applicant, and when the application is submitted to the insurance carrier it goes through what is called "underwriting". The medical history of the applicant (and any other insured family members) is examined, and the policy is either issued or declined. If declined a counter offer may be issued by the carrier, which can then be accepted or declined by the applicant.

The medical questionnaire requirement also depends on the type of insurance being applied for. Employee benefits traditionally do not require a medical, while individual health plans do.

However, there are several guaranteed issue personal health plans that do not require medical questionnaires:

You can compare instant quotes online for the health and dental plans mentioned above, or call us toll-free at 1-800-474-4474 if you would like more information.
 

* Please note that all plan names are the (registered) trademarks of their respective insurance companies.
 



posted on Thursday, January 5, 2006 4:44:00 PM (GMT Standard Time, UTC+00:00)  #   
# Wednesday, December 21, 2005
                 

It is becoming considerably more important that customers are well informed about insurer-agent relationships and agent compensation related to the products and services they buy.

In June 2005, Canadian insurance regulators released a Consultation Paper, which included a proposal to regulate what agents must disclose about their insurer relationships and compensation. The insurance industry has responded by stating that they believe an industry-led standard is preferable to such regulation.

For over a year, several insurers have been working with the Canadian Life & Health Insurance Association (CLHIA) and its industry counterparts to develop guidelines for agent disclosure. Earlier this year, the industry released an Advisor Disclosure Reference Document that sets out those guidelines. A modified version of the document for group benefits and group retirement business was released in September. The CLHIA has urged regulators to allow these guidelines to be fully implemented and assessed before taking further regulatory action.

Insurers and agents are advised to work together to ensure customers have clear and complete information. They need to disclose about the agent’s business relationships with insurers, agent compensation (including any potential incentive reward), and any conflicts of interest. 

posted on Wednesday, December 21, 2005 2:25:07 AM (GMT Standard Time, UTC+00:00)  #   
# Thursday, December 8, 2005
                 

HealthQuotes.ca is happy to announce the launch of our health and travel insurance blog.

We will be posting insurance related topics that we feel will be of use to the Canadian public.

We encourage feedback, and would like to establish a flow of information and dialog between us as brokers and the public.

All postings are stored so that people can search for topics of particular interest.

Enjoy!
The HealthQuotes.ca Team

posted on Thursday, December 8, 2005 6:45:50 PM (GMT Standard Time, UTC+00:00)  #   
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