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
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:
And the additional expenses of hospitalization can quickly add up.
- Life insurance does not provide
- Disability insurance does not provide
- Accident insurance coverage is limited to
- In-hospital costs such as semi-private or
private hospital care.
- Personal expenses for things such as
- 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
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
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, Newfoundland and Labrador 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