health insurance in ontario canada

health insurance in ontario canada
Being fat and smoking is not a healthy sign for both a person's health and pocket. Insurance companies have started to charge extra premium to provide insurance to smokers and people who are obese. The logic behind it is that these people are more prone to certain disease like cancer, diabetes and heart stroke. The treatment to these diseases is basically costly compared to treatment to others. Even the medicines are very costly and not easily available. So to cover the extra cost associated with these diseases, insurance companies are charging more premiums to such people. Since cancer is caused by Nicotine which is used in cigarettes and fat people are more prone to diabetes and heart diseases.

Insurance, a medical examination of the person who wants to be a health or life insurance, and if he found guilty of smoking and obesity, then you need to shell more for your insurance needs. The people in fact have started to stop smoking and try to keep fit by exercising. Now, it benefits them in both directions, regular exercise helps them to be fit, and it is also to reduce the cost of life insurance. In fact you can keep a track record of your weight and if you find a significant loss in your weight, you can in fact demand a reduction in your monthly premium on your insurance. You have a weight in which they are stored in a database, what is the correct weight of a person. These data are supplied by a person age, size and gender.

Although some smokers per group tried to argue with the insurance companies with the help of some data stating that, smokers and non smokers are as likely to die as non-smokers of the same age group. But the insurers have not accepted this argument and are charging up to 56 percent more on the insurance premium. Similarly people who are fat are also not being saved, so they are being penalized for being overweight. Insurance companies have some data, called the BMI. You have all the factors such as age, size and gender. And if you register as more than the recommended weight then you are to pay up to 50 percent more, in some cases, even higher than 400 percent in cases where a person is extremely overweight.

So if you are planning to buy a life insurance policy, then it is always advisable to check your weight and if you are overweight, then you should loose some weight and then to apply for life insurance. This allows you good money. Even if this does not apply to smokers because of a smoker, you have to be the company that you have used any type of nicotine in the last 12 months. In many cases therefore some companies extend this period to five years.