Canadian Life & Health Insurance Facts // 2025 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
healthcare costs
In 2024, Canada's life and health insurers paid out $53.3 billion in total health benefits. This is
up 10.7 per cent over the previous year. This includes $40.5 billion in benefits for things like
drugs, dental, mental health support, and other paramedical services.
2024 health insurance benefits by coverage type
Supplementary
health
$40.5 billion
27 million individuals
Disability
$10 billion
12 million individuals
Accident & other
$2.8 billion
20 million individuals
$
53.3B
$
16.6B
Drugs
$
2.0B
Short-term
disability
$
8.0B
Long-term
disability
$
12.6B
Dental
$
1.8B
Hospital
$
1.6B
Vision
$
1.9B
Massage
$
1.1B
Physiotherapy
$
0.9B
Chiropractic
$
1.5B
Travel
$
0.6B
Laboratory & medical devices
$
0.9B
Mental health
Accident
& other
$
2.8B
$
1.0B
Other
paramedical
2024 health
benefits
