A Calgary Canada based health care company called Acure Health Corp. has been selling a health insurance policy called wait-time insurance to Canadians for several years now, and it has been under the radar until recently when the British Columbia began offering the policy to its 800,000 members.
Wait time insurance esentially allows Canadians who are facing excessively long waits for a surgery or procedure, to obtain health care through private clinics in the United States.
Acure started selling the wait-time insurance plans as part of small group insurance plans in Alberta about 3 years ago, and has since expanded to B.C., Saskatchewan, Manitoba and Ontario, as well as to individuals through private insurance brokers.
monthly premiums for the wait-time insurance plans above range from $100 to $200 per month, and they cover 135 medical conditions and hundreds of diagnostic tests. In order to utilize care from one of these plans, the member must be on a wait list of more than 45 days.
Wait time insurance esentially allows Canadians who are facing excessively long waits for a surgery or procedure, to obtain health care through private clinics in the United States.
Acure started selling the wait-time insurance plans as part of small group insurance plans in Alberta about 3 years ago, and has since expanded to B.C., Saskatchewan, Manitoba and Ontario, as well as to individuals through private insurance brokers.
monthly premiums for the wait-time insurance plans above range from $100 to $200 per month, and they cover 135 medical conditions and hundreds of diagnostic tests. In order to utilize care from one of these plans, the member must be on a wait list of more than 45 days.