To survive a critical illness, many expenses can be incurred, some of which may not be covered under your provincial care plan

To protect you and your family's lifestyle... you will need time away from work as may your spouse to assist you in your recovery. Maintaining financial health becomes vital to your full recovery.

Summary of your current critical illness insurance needs:

Recovering Physical Health

Funds Needed

Medication

Cost of cancer drugs

  • The average cost per course of treatment with newer cancer drugs is $65,000
  • 11 of the 21 cancer drugs introduced since 2000 (including 5 of the top 10 selling oncology medications) are administered at home and are the patient's responsibility
  • 75% of the cancer drugs approved by Health Canada since 2000 and taken at home cost more than $20,000 annually

(cancer drugs)

Hospital upgrades

Hospital upgrades

  • Standard ward room to semi-private: $180 - $225/day
  • Standard ward room to private: $220 - $250/day

(semi-private/private room)

Homecare expenses

Homecare expenses

  • Registered Practical Nurse: $45 - 50/hour
  • Personal Support Worker: $22 - 28/hour

(nursing, housekeeping, rehab)

Quicker medical care

Out-of-country care

  • Cost for surgery and first-year care in the United States

Procedure Cost ($USD)

  • Aorta valve replacement or other cardiothoracic procedures $164,000
  • Coronary artery bypass surgery $153,000
  • Cancer $154,000
  • Heart transplant $507,000
  • Kidney transplant $226,000
  • Lymphoma and leukemia with major O.R. procedures $54,000
  • Acute leukemia without O.R. procedure (age 0-17) $42,000
  • Bone marrow transplant (Allogenic unrelated) $553,000
  • Liver transplant $449,000
  • Chemotherapy with acute leukemia as secondary diagnosis $62,000
  • Double lung transplant $543,000

(private clinic, out-of-country care)

Equipment

Equipment

  • Wheel chair: $500 - $10,000
  • Scooter: $1,000 - $8,000

(scooter, wheelchair)

Home renovation

Home renovations

  • Home renovations (ramps, kitchen/bathroom refits): $10,000 and over
  • Vehicle modification (wheelchair access): $8,000 - $15,000

(ramps/lifts, widening doorways, refitting kitchens and bathrooms)

Vehicle conversion

Miscellaneous

Miscellaneous

  • Out-of-town transportation/parking/lodging: $100 - $250/day

(travel/transportation, lodging, childcare)

Costs to recover physical health:

$ 0

Income Supplements
Number of Months
Monthly Payments
Funds Needed

Cover your loss of income

Cover your spouse's income

Mortgage payments

Other debt

(line of credit, car loans, credit cards)

Childrens' education expenses

Business continuity expenses

Other

Lump Sum Requirements

Pay off mortgages, loan or other debt

Vacation for you and your family

Funds for early retirement

Total Required:

Less available short term savings from other sources

Funds to maintain financial health:

$ 0

STEP 1: Costs to recover physical health

STEP 2: Funds to maintain financial health

STEP 3: Insurance results

Your current critical illness insurance needs:

$ 0

 
View summary
Medication 
Hospital upgrades 
Homecare expenses 
Quicker medical care 
Equipment 
Home renovation 
Vehicle conversion 
Miscellaneous 
Costs to recover physical health: 
Cover your loss of income 
Cover your spouse's income 
Mortgage payments 
Other debt 
Childrens' education expenses 
Business continuity expenses 
Other 
Pay off mortgages, loan or other debt 
Vacation for you and your family 
Funds for early retirement 
Less available short term savings from other sources 
Funds to maintain financial health: 
Your current critical illness insurance needs: 
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