Drug Coverage: Get Yours Before It’s Too Late

With all the talk about the health insurance and drug coverage of our neighbours south of the border, it’s easy for Canadians to believe that our universal health coverage will protect us should something go wrong. Unfortunately, this is not always the case. Finding this out too late can cost you an incredible amount of money, and in the worst case scenario, your life.

While it’s true that Canada has helpful universal health care, our country does not have universal drug coverage. If you do not have a health insurance plan (either through your work or a personal health insurance policy such as a plan from Medavie Blue Cross), you will have no choice but to pay the high cost of drugs here in Canada. In fact, every year Canadians pay $6 billion out of pocket for prescription drugs. That’s a number we want to see change.

The Fifth Estate Highlights the Importance of Drug Coverage

Recently, CBC’s The Fifth Estate aired an investigation into the high cost of pharmaceuticals for everyday Canadians. In this eye-opening piece (which you can watch below), we meet a number of Canadians from all walks of life who are struggling to keep up with healthcare bills because they—like many others—didn’t think they would ever need their own private health plan.

Andrei’s Family’s Struggle to Treat His Type-1 Diabetes

In 2015, Andrei Martin was diagnosed with Type-1 Diabetes. At seven years of age, this means he will be dealing with this disease for the vast majority of his life. His parents are independent contractors, and as such do not have health insurance plans. Because they did not have health insurance plans before Andrei’s diagnosis, they have to pay for the majority of his treatment out of pocket, costing them $5,665.92 annually.  

Jim Poot’s Limited Private Drug Coverage Runs Out as He Battles Brain Tumours

Jim Poot was diagnosed with multiple brain tumours in 2005. These tumours eventually forced him to retire from his job as a teacher. Today, his annual treatment bill is $25,936.12, while his limited private drug coverage covers $2,800 annually. This means a little over a month into every year, he’s on his own to cover the cost of the treatment that allows him to function on a daily basis.

Different Provinces Cover Different Drugs

The Fifth Estate’s expose also brings to light the fact that different drugs and treatments that are covered in one province may not be covered in another province. We wrote about this in an earlier post that dealt with at-home cancer treatment (which is not covered under Nova Scotia’s provincial health plan). The truth is that it can be very confusing to know which treatments are covered in your province and which are not. And unfortunately, misreading or misunderstanding the rules of your province can cost you more than just your health!

Take some time to watch the video below. Afterward, we’ll talk about what you can do to ensure you don’t find yourself in this situation.

You Deal With Your Health, Let Blue Cross Drug Coverage Deal With the Cost

If The Fifth Estate teaches us anything, it’s that nobody ever wants to find themselves in a situation where they need access to comprehensive health insurance and don’t have it. That’s why investing in your own personal plan with drug coverage from Blue Cross is so essential. With a Blue Cross health insurance plan, your health will always be protected.

Consider this: with Blue Cross health insurance, you have the option of having drug benefits that cover 80% coverage of the costs of your medications. And instead of running out when you reach a certain payment threshold (like what happened to Jim Poot), your coverage will actually increase to 100% after $4,500 in eligible annual claims. You’ll also never pay a per-prescription co-pay of more than $50 dollars, and there’s no overall benefit maximum.

When you’re dealing with a serious illness, stress can only make things worse. Drug coverage as part of a Health insurance plan from Blue Cross will handle the weight of the financial burden for you—allowing you to focus on your family, yourself, and your recovery. To learn more about health insurance policies from Blue Cross, Download the FREE Comparison Guide to Health Insurance today! As always, to learn more about your own options, please do not hesitate to get in touch. We’re always happy to chat.

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