{"id":1369,"date":"2024-07-30T19:09:17","date_gmt":"2024-07-31T02:09:17","guid":{"rendered":"https:\/\/immixgroup.ca\/blog\/?p=1369"},"modified":"2024-07-31T16:16:13","modified_gmt":"2024-07-31T23:16:13","slug":"individual-health-and-dental-plan","status":"publish","type":"post","link":"https:\/\/immixgroup.ca\/blog\/2024\/07\/30\/individual-health-and-dental-plan\/","title":{"rendered":"A Step-by-Step Guide to Individual Health & Dental Plans"},"content":{"rendered":"\t\t
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A Step-by-Step Guide to Understanding Your Options and Implementing an Individual Health and Dental Plan for You and Your Family <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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By Lindsay Byrka, BA, BEd, CFP\u00ae<\/em><\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Are you leaving your job, retiring, self-employed or just don’t have a benefits plan at your job? Have a plan, but there isn’t enough coverage in a certain area? A solution is to implement an individual plan.<\/p>

It can be overwhelming to attempt to determine how to best go about placing insurance coverage for you and your family. This article outlines the important factors to consider when deciding if an individual health and dental plan is right for you and your family, including how to choose and implement a plan.<\/p>

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What do we mean by an \u201cindividual\u201d health and dental plan? <\/strong><\/h4>

What we call an \u201cindividual\u201d plan is simply a health and dental program that is not a group employee benefits program; in short, it\u2019s coverage for you and\/or your family that you choose and pay for directly.<\/p>

Even here in Canada, where we have a robust universal healthcare system, there are many out-of-pocket costs that fall outside of our provincial medical coverage. For many people, these expenses are covered either in full or partially through their employer\u2019s group benefits program.<\/p>

However, many Canadians are not, or are no longer eligible for a group benefits plan.<\/p>

In the absence of a comprehensive group benefits program through your employer, expenses related to Dental, Prescription Drugs and Paramedical Practitioners (physiotherapy, massage, chiropractic, mental health therapists for example) can become a significant expense.\u00a0<\/p>

Many Canadians are unaware that they can purchase a health and dental plan similar to the type of extended health and dental program they would have through an employer.<\/p>

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Who is eligible to purchase a private health and dental plan? Who is this type of plan for? <\/strong><\/h4>

There are many reasons to seek individual coverage, however, we often think of people as falling into two buckets<\/a>: those who are leaving a group benefits plan, and those who do not have access to a group benefits plan.<\/p>

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Those who were previously covered under a plan enjoy a special \u201cconversion\u201d privilege<\/strong><\/h4>

For people who will or have recently lost their group employee benefits coverage, this can be for many reasons:<\/p>