Will Travel Medical Insurance Premiums Rise as Ontario Ends Little-Used Program?

Depending on whom you speak with, Ontario’s decision to eliminate “out-of-country coverage” beginning Jan. 1, 2020, will increase travel medical insurance premiums for seniors, or have little to no impact.

Evan Rachkovsky, director of research and communications for the Canadian Snowbird Association (CSA), was quoted in a news article Thursday estimating that travel medical insurance premiums could rise approximately 7.5% for Ontario residents as a result of the provincial government’s decision to end the Ontario Health Insurance Plan (OHIP).

For some people, “especially seniors that need it most, this is obviously going to have an impact of hitting them in the pocketbook,” Rachkovsky told the Canadian Broadcasting Corporation (CBC).

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