No one plans to get sick, but sometimes, people get diagnosed with critical illnesses. These illnesses can be expensive, even in Canada. Provincial health plans cover essential services, but critically ill patients can end up paying for many other services out of pocket. Hospital parking, mobility aids, home modifications, wigs, and other costs can add up quickly and catch people by surprise. While these costs are adding up, critically ill people might not be working and receiving regular paycheques. This can lead to financial strain at an already difficult time. This situation is why critical illness coverage exists. This coverage provides employees with a lump-sum payment in the event they’re diagnosed with certain serious illnesses, like …show more content…
They should be able to focus on their recovery. With critical illness coverage, your employees will be able to do just that. The lump-sum payment they receive will help them handle the expenses that accumulate during their illnesses. Employees can use the payment they receive for any purpose. They could use it to replace their incomes, hire home care nurses, or make renovations to their homes. Critical illness coverage can also give employees more treatment options if they become ill. There’s usually a waiting list for care, even for serious illnesses. Canadians waited an average of 3.7 weeks to see a medical oncologist in 2016, according to Global News. The wait time for cardiovascular procedures was even longer at 8.4 weeks. Instead of waiting weeks or months to get treated, employees with critical illness coverage may be able to pay for faster care outside of Canada. Businesses Benefit, Too While critical illness coverage is very beneficial to your employees, it can benefit your business, too. Providing this type of coverage shows employees you care about them and their financial well-being. If employees need to use the coverage, their coworkers will see firsthand that your company is looking after them. This is good for morale, and any business owner knows how important morale
A growing number of states in the United State required a paid leave in addition to the federal regulations; states legislation requires employees to maintain their employment within certain time frame employment in order to accrue the sick leave hours. Additionally, the state’s regulation mandates that employees will not face any retaliation based on their medical condition
The effectiveness of a health system varies upon populations and the differences in cultural, socioeconomic and behavioral factors. Canadians live two to three years longer than Americans, but because they live healthier. In the U.S. there is a relatively high incidence of obesity and this leads to poor health outcomes. There is greater success of survival rate in the U.S. due to the availability of innovative technology and better screenings and treatments (O'Neill & O'Neill, 2007). When care is free there are longer waiting times for medical services and needs are not being met on time. Over the years Canada has seen an issue with controlling health expenditures because of the services that are provided and are free of charge due to their universal plan. In the U.S costs are cited as a source of unmet needs (O'Neill & O'Neill, 2007). In the U.S. there lower wait times to see a specialists and get surgery. In the U.S. unmet needs were because of costs
Public Policies strive to protect all citizens across the nation, includes low-income citizens who often go unrecognized in society. To make sure this happens, legislature has put forth the “The Canada Health Act”, which requires the provincial government to meet certain expectations regarding public-health care and insurance plans. Though this act states that health services are free and accessible facilities, issues arise when citizens need urgent medical attention but appointment are unavailable until weeks later. Many of these poor individuals cannot afford to pay the extra amount to receive faster care as oppose to their rich counterparts.
One of the benefits that Ms. Adams can potentially receive from the Work Place Safety and Insurance Board, is compensation for loss of earnings under Section 43(1) of the Work Place Safety and Insurance Act. “A worker who has a loss of earnings as a result of the injury
Medical expenses can be extremely high, especially when you or your family member visits an emergency room numerous times. Whether you have a health insurance or not, you may incur huge expenses that can cause harm to your budget. For critically ill patients, spending hours in the emergency rooms requires a
While grateful that we have intermittent leave available to help those of us who have, or have family with, ongoing health conditions it is still unpaid. This means that often instead of using the leave people are faced with a choice of tending to their health or getting paid. While you can use your sick and vacation time to cover this additional time away, it would be nice if this could be paid or partially paid similar to the way that other FMLA leaves are paid. Sick and vacation time can go pretty quickly depending on the severity of the illness.
Moreover, Medicare does a poor job in maintaining the cost of care. Some patients have to draw from their assets to cover the expense of care. Expenses can incur for those diagnosed with a stroke or heart attack. There are costs not covered by an individual health insurance plan. “These include deductibles, co-payments and limits on total plan payouts-expenses that could quickly place a family’s financial position in peril” (Hersch, 2014). Family and personal relationships can be impacted by illness. Family members may have to miss work to care for a relative.
This new law offers paid sick leave for not only employee but employees family member’s as well. The act covers illness “Physical or Mental”, injury, absences related to abuse, and public health emergencies that cause closure of the employer’s workplace, school or daycare.
Employee Assistance Plan- Many people have some kind of issue going on in their life that keep them from being able to work. Whether it is physical like drugs
* Seriously injured victims be paid a month to meet their food, medical needs, living expenses, medical expenses, back pay due to injury.
Firstly, there are deficits in several areas such are angioplasty, cardiac catheterization and intensive care (Cooper, 1994). Also, waiting lists for certain surgical and diagnostic procedures are very long. The average wait for treatment is 13.3 weeks, and researchers say that the average waiting time in more than 80% of the procedures in one third longer than physicians consider clinically reasonable (Ridic, 2012). Canadians also sacrifice access to the most modern medical technology for primary care because when the government provides products at zero cost, they have to account for the extra costs in another way. With this line of reasoning, waiting lists are also a rationing measure, which is reasonable and fair. Critics of the Canadian system have had to deal with the fact that a lot of Canadians support Medicare. The biggest defense is that the system does in fact work well. Regardless of its problems, it provides its residents with access to all medically necessary hospital and physician services at a fraction of the per capita costs of the U.S
When we envision our future, we don’t plan on requiring extreme medical care. We don’t picture ourselves spending countless nights in a hospital room. We can’t imagine having to receive dialysis so that we can live. We don’t think that we could be the victims of a terrible accident. However, these things can happen, and that is why it is crucial that the country in which we live has an adequate health care system. In fact, our country, Canada doesn’t just have a health care system, it has 13 different networks unique to each province and territory. The Canadian system is built around the principle that all citizens should receive necessary medical and hospital physician services no matter their personal income or past experience. Therefore,
The following is a basic overview of three important issues relating to the cost and efficiency of how the system currently works. Although it is widely known that necessary medical services are available to Canadian patients, without passing on to them its direct costs, there are different viewpoints regarding the adequacy of its current existing structure. Is it a utilitarian system, ensuring the greater good for the greatest number of people? Is it prone to abuse by unscrupulous or careless medical practitioners (or by hypochondriac patients)? Or perhaps it is an onerous financial hardship on the individual provinces and on the federal government as a whole. It concludes that, despite its flaws
A lot of people often get confused between general health plans (also called mediclaim policies) and critical illness policies. This post makes an attempt to clarify the difference between the two health insurance products: