Canadian Life and Health Insurance Facts - 2021

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15 Canadian Life & Health Insurance Facts // 2021 Edition Health insurance Supplementary health insurance provides coverage for hospital and medical expenses not covered by public health plans, such as prescription medicines, vision care, dental care and mental health supports. Health insurance can also provide income replacement for those unable to work due to disability. Sold as: Ninety per cent of health insurance is purchased through a group plan. 2020 health premiums 10% 90% $ 47.3B Group plans Individual policies Related products: Travel insurance; critical illness insurance; disability insurance; accidental death and dismemberment insurance; and health care spending accounts. Insurers protect nearly 70 per cent of Canadians against health care costs In 2020, insurers paid $26.6 billion in supplementary health care costs. Canada's life and health insurers also reimbursed costs of disability claims and other insurable services. 2020 health benefits Supplementary health 26M Canadians covered $ 26.6B in benefits Disability 12M Canadians covered $ 8.5B in benefits Accident & other 20M Canadians covered $ 1.5B in benefits Supplementary health by service $ 12.5B Drugs $ 7.2B Dental $ 1B Vision $ 0.5B Chiropractic $ 0.8B Massage $ 0.6B Physiotherapy Benefits coverage $ 36.6B 2020 health benefits

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