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Individual/Family Health Plans

Nowadays, health costs can be quite high without insurance, especially for individuals that are unemployed, and without a sponsored group health plan.  Without a sponsored group health plan or insurance, individuals are vulnerable to health care costs that aren’t covered by the Provincial Health Insurance Plan.

Not only that, but even with a sponsored group health plan, not everything is covered, and once again, an individual becomes vulnerable to the to health care costs that aren’t covered under the Provincial Health Insurance Plan. Due to this, an Individual or a Family Health Plan can be quite significantly beneficial for countless individuals, especially individuals that lack access to a group benefit plan.

An Individual or Family Health Plan provides coverage for the following:

  • Prescription Drugs
  • Life Insurance
  • Travel Insurance
  • Paramedical and Professional Services (i.e. psychologist, physiotherapist, etc.)
  • Medical Supplies and Equipment (i.e. hospital beds, wheel chairs, crutches, etc.)
  • Dental (i.e. periodontics, orthodontics, etc.)
  • Vision Care (i.e. glasses and/or contact lenses)
  • Disability Insurance
  • Critical Illness Insurance
  • Accidental Death & Dismemberment
  • Private Duty Nursing
  • Semi-Private Hospital
  • Hospital Cash

For more information regarding health insurance, feel free to contact us (create hyperlink). Here at Xeed, we want to provide you with the best care possible, and exceed your expectations, all while staying within your budget.

Disability Insurance

What would happen, if someone took away your paycheck? What would you do? Would you be able to support yourself, and avoid a financial crisis? Well, a devastating injury can do just that. This injury, on or off the work place, can be a career-ending crisis, or maybe a temporary loss of income but even then, it puts the quality of your life at risk.

However, at Xeed, we offer a solution, in case anything, such as sever injury, occurs. Disability insurance. It is one of the most effective ways to protect the income you earn everyday, which therefore is financially protecting you. If anything were to come upon you that would affect the income you make, that doesn’t necessarily mean that you and your family have to suffer due to it. Your quality of life, medical and lifestyle expenses may increase dramatically in case of disability, however, here at Xeed, we want to help protect your and your family as well help you become financially secure in case any disability happened to fall upon you.

How Disability Insurance Can Benefit You:

  • Even if you’re injured, whether that injury occurred on the job or off the job, you will continue to receive your benefits
  • Receive a tax-free benefit for you and your family every month
  • Disability insurance can pay up to the age of 65, whereas if you invest in an insurance such as unemployment insurance, it will only pay up to 15 weeks.
  • You are provided with remarkable support in order to help you switch careers or find a new job
  • Costs of both recovery and home bills are covered in this plan

Critical Illness Insurance

Statistical evidence proves that every 2 in 5 Canadians are diagnosed with cancer. Not only that, but every 1 in 3 Canadians will suffer from heart disease. Sure, we have the resources and medical technology to treat and possibly cure these medications, but where are the costs of these treatments going to be compensated from? If nothing is done to protect ourselves from the financial disturbance the costs of these treatments can cause, then we could be paying the price by having a drastic loss on our savings, retirement plan, etc.

However, at Xeed we can offer you a long-term solution to this problem. Critical illness insurance can help you easily manage the costs of illness, consisting of any time taken away from work, any travel costs, as well as any specialized or experimental treatment costs.

Whether you’ve lost he ability to work, or even if you just need to make sure your medical costs can be covered, critical illness insurance provides benefits upon benefits, to ensure that you recover with speed and have the ability to go back to your normal life.

Critical illness insurance is designed to help you manage any extra costs, in order to maintain or rebuild your lifestyle. For example, critical illness benefit can be used for:

  • Covering any health expenses that aren’t insured
  • Any health care provided outside of the country
  • Hospital waiting lists can be avoided
  • Compensating lost income due to critical illness
  • Any home renovations
  • Getting any long-term care if needed
  • Eliminating any debt

What Illnesses Can Be Covered Under Critical Health Insurance?

With critical health insurance, you will be provided with coverage if any of the following illnesses are sustained:

For more information regarding health insurance, feel free to contact us (create hyperlink). Here at Xeed, we want to provide you with the best care possible, and exceed your expectations, all while staying within your budget.

  • Heart Attack
  • Stroke
  • Coma
  • Major Organ Transplant
  • Paralysis
  • Life Threatening Cancer
  • Coronary Artery Bypass Surgery
  • Renal Failure
  • Multiple Sclerosis
  • Alzheimer’s Disease
  • Parkinson’s Disease
  • Lou Gehrig’s Disease
  • Major Burns
  • Loss of Speech
  • Blindness
  • Deafness

Long Term Care Insurance

You probably think that if you were to require any sort of long-term care, you would be provided with it through your provincial health plan. However, the reality is that a person must have income, as well as assets under a certain point in order for them to qualify for long-term care covered by their provincial health plan. In addition to this, many long-term care government facilities have waiting lists, that can take years for you to get through.

However, we can offer you a solution to this problem. If you require long-term care, we provide the solution of long-term care insurance. Long-term care insurance is a solution that was quite recently introduced and has almost become instantly popular due to the amount of medical services the government is cutting off. If an individual is unable to perform one or more of their day to day activities, then this insurance provides tax-free benefits to the individual. In addition to this, the insurance provides a daily benefit to cover costs such as having a nurse coming to the policyholder’s home, or even having the policyholder go to a nursing home.

With long-term care insurance, it’s recommended for an individual to invest in it around their 50’s or 60’s, as an individual’s health is probably still good in this age, and the insurance is affordable. As well as this, the premiums are based upon age, health, as well as the type of plan that is being purchased.

Benefits of Long-Term Care Insurance:

  • It is a valuable addition to your financial plan as well as risk protection
  • It provides protection in case of any sort of catastrophe
  • Reduces the insured individual’s reliance on family/provide independence to insured individual
  • Aids the insured individual the ability to afford quality care, whether it’s wanted or needed

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