This week we took the shrink wrap off brand new functionality on our MyMediquote Client portal - A Do-It-Yourself (or "DIY") quoting system that allows you to enter your information and get a price on travel insurance instantly! No waiting for a broker.
The system will ask you medical questions as well as other questions that are important to providing you an accurate quote, and match you up with the correct plan from amongst all our available plans. If you like what you see you can save your quote for purchase.
You can even have a ‘guest quote’ prepared which is a quote prepared without the hassle of logging in.
This system is best for those with minor health problems. If you have ever had serious health problems you will still need to deal with one of our brokers, as complicated issues demand the care and attention of a qualified expert.
If you have a multi-trip annual plan for your travel insurance, be sure to check when your annual starts to count down. Some annual plans start counting down as soon as you leave your home province while others do not start until you leave Canada.
Knowing when your annual plan starts counting down can help ensure you have your top-up coverage start at the correct time when away longer than the number of days on your annual plan. Having a gap in coverage outside Canada could invalidate your insurance so it's an important detail to know if you happen to spend time in another province on your way out of the country.
Let your broker know your travel plans when getting a quote, as they can advise when there are options that could benefit your situation. In the case of someone who did plan on staying in another province before leaving Canada, it would be worth looking at an annual plan with unlimited coverage in Canada that starts counting down when leaving the country rather than leaving your home province.
Thank you to all our clients who asked to receive documents in an electronic format this year. We believe that everyone needs to do their part of the environment. People and corporations must reduce their carbon footprints, and recycle, as well as limit their impact on the environment while contributing back to the world we all share. As an insurance brokerage we deal with a lot of paper, but have reduced the amount of paper we have used every year through email, and other electronic forms of communication that allow us to save a few trees. In addition to these efforts to reduce our consumption of trees, we have donated $1000 to Tree Canada to support their efforts to put more trees back in our forests and our communities. In the coming year we plan on reducing our usage of paper further and to donate money to Tree Canada on behalf of our clients who are choosing to receive documents by email rather than having them printed.
If you'd like to make a donation yourself, you can find Tree Canada's website here.
If you do not have basic coverage for ambulance, you could face a large bill if you require ground or air ambulance services in the future. We can help you get basic health insurance that covers things that your provincial healthcare does not, such as ambulance coverage, for a low monthly rate. Our plans also include useful benefits including out of country/province travel, emergency dental coverage, and more.
If you require additional coverage for prescription drugs or for dental, we can look at more comprehensive options as well. We have many plans from different insurance suppliers, so we can find an insurance plan that is right for you and works for your budget.
There is no medical questionnaire required under the basic plan. The rates depend on province of residence and age, but the benefits stay the same.
For example: A 56 year old living in Alberta could get basic coverage for just $23.60 a month, $45 per month would cover a couple and $58 per month will cover a family. To get a quote for extended health benefits click the button below.
Join us on Thursday April 16th at 2PM Central time for an online webinar event we are calling "Ask an Insurance Broker". We've been collecting questions from our clients and will be answering them live.
If you have a question related to travel medical insurance, trip cancellation or interruption insurance, health and dental, student insurance visitors to canada insurance, expatriate insurance or anything else related to Medi-Quote Insurance Broker as a company we will be happy to include your question.
Please send your questions to firstname.lastname@example.org
We'll be recording the video and will release the video on our blog, Facebook and Twitter page for those unable to attend the live webinar.
Wondering about Medical Questionnaires?
Medical Questionnaires are a requirement for many insurance policies. With a little pre-planning, filling out the medical questionnaire can be an easy process.
First of all, it’s important to understand how an insurance company will use the information you provide to them in the medical questionnaire.
Insurance companies use a medical questionnaire to determine 3 important things:
- Your eligibility – Can you purchase this coverage?
- Your rate – How much will your coverage cost?
- Your Stability period – Have your medical conditions been stable long enough for each to qualify for coverage?
If you forget to disclose a pre-existing medical condition, or if you provide inaccurate or incomplete answers to questions, this could make your policy invalid. That is why it is so important to be sure that each question is answered accurately. Otherwise, you may be paying for coverage that you can’t use.
Speak with your doctor.
If you have any doubts about your medical history or how to answer a specific question, be sure to speak with your doctor.
Many of us have had our doctors tell us to “keep our eye on” something. But do we know exactly what they wrote down in our file? What is written in your medical records may not always match the conversation you had with your doctor. Depending on what is documented in your file, “keeping your eye on” may actually constitute a diagnosis.
In the event of a claim, an insurance company will review your medical records. It is imperative that your answers on your medical questionnaire match your medical records.
Some medications can be prescribed to treat numerous medical conditions, so sometimes providing a list of medications you are prescribed will not be enough. Have your physician list all your prescribed medications and what specific conditions they treat. Be sure that it includes the medical term for each condition.
Speak with us.
As brokers, we deal with medical questionnaires all the time. We understand what insurance companies are looking for and can help you understand each question.
Our brokers will also be able to help you find a plan that will work for you based on your trip length, your medical conditions, and your age.
Give yourself plenty of time.
Accurately filling out a medical questionnaire can take some time and pre-planning. Leave yourself plenty of time to read every question carefully and to be able to consult with us and your doctor. You don’t want to feel rushed and risk mistakes.
Remember, being accurate on your medical questionnaire begins with understanding your medical conditions and medical history. Your doctor and insurance broker are both resources you can draw on to ensure that you answer the questions properly, and give you the peace of mind that you have the right coverage you need while away.
There is good news for Snowbirds and travellers in this past week as the Canadian Council of Insurance Regulators announced that it will be launching a review of the travel insurance industry. The announcement comes after several high profile cases of denied claims have shaken the public's confidence in travel insurance. At Medi-Quote Insurance Broker's, we have always fought hard to protect our clients and recognize the mistrust many people feel towards the industry. We hope the review succeeds in rebuilding public confidence in travel insurance, as we know from experience how important it is to be able to travel with a sense of security in your travel insurance policy. The below quote is taken from a Globe and Mail article about the announcement.
The first phase of the CCIR’s response is to gather facts. The research will probe into why people are surprised by claims outcomes and whether insurance products are well understood. If they aren’t understood, CCIR will ask why not – is it something in the sales process, or the product itself? An initial report on this subject will be released in the fall of this year.
If a problem is identified, the second phase of action would be to issue a position paper. Sometimes proposed solutions are directed toward policymakers, suggesting changes in laws. Other times, ideally, the industry seizes on the suggestions and makes changes without action from the regulators.
Please note that our offices will be closed on Monday, February 16 for the long weekend. While we are closed you can still leave us a voicemail or email us at email@example.com and we will respond after we are back on Tuesday, the 17th. Thanks everyone and have a great weekend!