Whether you are making a trip over the border for a day, travelling to Europe for a few weeks, or bringing a visitor into Canada, travel insurance can prevent unexpected expenses that could otherwise put them in a financial crisis.
The price of being unprepared for medical expenses outside of Canada can be staggering. The average cost per hospital stay in the United States in 2011 was $15,734 ($US), For as little as $17.08 you can purchase Single-Trip Emergency Medical Out-of-Province coverage for seven days.*
Who buys travel insurance?
Any Canadian leaving the country should have travel insurance
Anyone coming into Canada should also have travel insurance. Just as Canadians could face hefty hospitalization bills when they travel outside the country, so could your international visitors. They could expect to pay over $8,000 in hospitalization expenses for an average stay. That number could climb, depending on the hospital services required.1
With the new Super Visa, parents and grandparents can have their visa processed within eight weeks.2 Applicants for a Super Visa must provide evidence that they have Canadian medical travel insurance for at least one year for a minimum of $100,000 in coverage. Travel Insurance for Visitors to Canada will help you protect your family and get them to Canada faster.
* Rate for single coverage of a 25-year-old, effective December 1, 2011.
Sources:
1. Canadian Insitute for Health Information. The Cost of Hospital Stays: Why Costs Vary. 2008. https://secure.cihi.ca/free_products/2008hospcosts_report_e.pdf
2. http://www.cic.gc.ca/english/department/media/releases/2011/2011-11-04.asp
