Why Insurance for Hospitalization?
No one ever expects to fall ill or be in an accident. But these things do happen. In fact, in
2004 an average of more than 7,500 people were hospitalized in Canada every single day –
and the average stay in hospital was almost seven days.
We never know what will happen tomorrow. What we can do is get prepared today.
Government accident and sickness insurance plans don’t cover all the costs
We’re fortunate to have a good health care system in Canada. But we all know that government plans
don’t pay for everything. It’s also important to remember that:
- Life insurance does not provide hospitalization benefits.
- Disability insurance does not provide hospitalization benefits.
- Accident insurance coverage is limited to accidents.
And the additional expenses of hospitalization can quickly add up.
- In-hospital costs such as semi-private or private hospital care.
- Personal expenses for things such as additional childcare.
- Family and other visitor expenses for parking, visitor taxi costs,
babysitting, food, etc.
- Recovery expenses for trips back and forth to the doctor, special
household needs, in-home care, etc.
Insurance coverage for both accidents and sickness
One of the things that make the TD CASH plan especially valuable is that it provides
protection for hospitalization due to both accident and new illness.
Other plans that cover hospital costs limit benefit payments to accidents only.
With the TD CASH plan, you’re covered regardless of whether your hospital
stay is as a result of accident or illness.
- If you are admitted as in inpatient for at least two days as a result of an
accident or new illness, TD CASH will pay your benefit for each day
you are in hospital.
Daily hospital benefits (up to $73,0004 total)
The TD CASH plan can pay up to $200 a day for each day up to 365 days that you spend
in a Canadian hospital as a result of an accident or new illness. That’s up to $73,000
in tax free benefits. These benefits are paid directly to you in addition to
any other insurance you might have.
Guaranteed acceptance for you and your family
As a TD Bank Financial Group customer between the ages of 18 and
60 your acceptance is guaranteed. Your spouse can also be covered, as can your
dependent children.
Please note, coverage is not available in Quebec or New Brunswick.
Affordable, level premiums
You get all these valuable benefits at affordable group rates. What’s more, your premiums
are guaranteed to remain the same (unless they change for all group certificate holders
with the same level of coverage).
A no-risk way to get the accident and illness coverage you need
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