Canadian Life & Health Insurance Facts // 2024 Edition 16
Health Insurance
L I N E S O F B U S I N E S S
Insurers protect nearly 70 per cent of Canadians against added
health care costs
In 2023, Canada's life and health insurers paid out $48.2 billion in total health benefits. This
is up 9.8 per cent over the previous year. This includes $36.6 billion on benefits for things like
drugs, dental and other paramedical services.
2023 health insurance benefits by coverage type
Supplementary
health
$36.6 billion
27 million individuals
Disability
$9.5 billion
12 million individuals
Accident & other
$2.1 billion
20 million individuals
$
48.2B
$
15.3B
Drugs
$
1.8B
Short-term
disability
$
7.7B
Long-term
disability
$
11.3B
Dental
$
1.8B
Hospital
$
1.5B
Vision
$
1.5B
Massage
$
0.9B
Physiotherapy
$
0.8B
Chiropractic
$
1.2B
Travel
$
0.6B
Laboratory & medical devices
$
0.7B
Mental health
Accident
& other
$
2.1B
$
1.0B
Other
paramedical
2023 health
benefits
