What are the insurance benefits for international students?
Insurance Policy for international students A medical emergency or sudden illness while studying in Canada could ruin your school year. And without adequate insurance coverage for international students, the medical expenses could ruin you and your family. Student travel insurance would help in these situations. Some hospitals won’t even admit patients without proper health insurance. If they do, the costs can be astronomical. Don’t gamble with financial disaster when you can protect yourself with the most comprehensive and affordable coverage available. Let’s answer some of the frequently asked questions regarding to insurance coverage for international students in Canada. Is taking insurance mandatory for international students in Canada? The Canadian government stipulates that all students studying in Canada must have insurance and work vacationers must have a one-year insurance certificate to enter the country. Entry to Canada to study or work holiday requires the appropriate insurance. The length of insurance must cover the duration of the program. Why should international students get health insurance in Canada? If you are a student in a foreign country, it is important that you have health insurance coverage for the duration of your course. Even if your visa does not require you to possess a health insurance plan, your institution will insist on it. Before accepting your admission, universities and colleges request proof of your overseas health insurance. There are several more reasons for getting international student health insurance: 1. No government sponsored healthcareMore often than not government-funded healthcare is not valid or available for international students. Also, generally healthcare costs are high and may increase on an annual basis. So, if you do not have health insurance, and you suffer a medical emergency, you would be paying those hospital bills for a long time. 2. Less expenditureEven if you have a health insurance, you will have to pay a certain amount out of your pocket during a medical emergency. The amount paid comprises of taxes and deductibles. However, this amount is nothing compared to what you would have to pay if you did not have health insurance. For example, if you do not have health insurance, an MRI scan could cost you anywhere between $900 CAD and $2,400 CAD (According to Canadian Magnetic Imagining). 3. Doctor discountYou could be charged high doctor consultation fees if you do not have a health insurance plan. This is because insurance companies usually.....