Health and Long-term Care Insurance

Cognitive impairment: the inability to this, perceives, reason or remember.

Critical Illness Insurance: a health care plan designed to provide a lump sum cash payment to help and insured person cope with a severe critical illness or condition.

Emergency Travel Health Insurance: an insurance contract that provides coverage for the expense insured by a medical emergency while the insured person is outside of the Canadian province of residence.

In-patient: a patient who is admitted to a hospital for a stay of at least one night.

Lifetime Facility Care Rider: coverage for extended, intermediate and personal care receive while confine in a long-term care facility, such as a nursing home or home for the aged. There is no lifetime maximum applicable to this rider.

Long-term Сare Insurance (LTC): an insurance contract that provides coverage for the expense of providing long-term care to the insured person.

Outpatient: a patient who is treated at a hospital but not admitted.

Pre-existing Condition Limitation: no benefit is payable for a pre-existing condition unless the period of care begins at least six months after the policy’s effective date.

Private Health Services Plan (PHSP): an extended health benefit plan that can be purchased by and individual (as opposed to a group health benefit plan).

Respite Care: financial assistance that is payable to a person who is unable to care for himself, in order to relieve a relative or friend who is a part-time caregiver.

Traveling Expenses: if medical treatment is not available locally, you may be able to claim the cost of traveling to get the treatment somewhere else, provided you had to travel more than 40 kilometres. If you had to travel more than 80 kilometres, you can claim reasonable costs for meals and accommodation.