Many employee benefit policies in Canada are null and void past age 65, regardless of a person's employment status. That's because many employer plans still use age 65 as a criterion for ending insurance contracts instead of basing coverage on active versus retired status. It's time for governments to protect employee health benefits for our aging workers.
Fellow, Canadian Institute of Actuaries; President, Have Associates; advisor, EvidenceNetwork.ca.
John Have is a Fellow with the Canadian Institute of Actuaries and President, Have Associates. He is an advisor with EvidenceNetwork.ca.
Private health-care costs in Canada have grown dramatically over the last 40 years. Adjusting for population growth and inflation, private healthcare costs have increased by over 220 percent on average since 1975 -- or around $1,800 per person. That's no small figure for most Canadian families.
09/16/2016 11:54 EDT
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