While children, seniors, and social assistance recipients in Canada are three groups of people that are provided coverage for health services that the public healthcare system does not typically provide for other Canadian residents, all other individuals must obtain the additional coverage through a private health insurance plan. Because health insurance plans greatly differ from one another, and because many factors have to be taken into account, health insurance rates vary.
Overview of Health Insurance RatesSupplemental insurance plans generally pay from 40% to 80% of the cost of particular healthcare needs such as: dental, vision, psychologists, podiatrists, chiropractors, hearing aids, and certain types of medical equipment. They also provide health coverage while traveling outside of Canada. The percentage of healthcare costs paid by the plan is one of the many factors that affect health insurance rates: high percentage = high rate.
Insurance carriers assume varying levels of risk with each person or group of individuals they insure, and varying levels of risk translate to varying costs. Auto insurance is a good example to demonstrate the correlation between risk and rate: a married 45 year old http://aifitzone.com/blog/2015/07/06/what-are-the-vital-reasons-to-avail-chiropractic-treatment/
