Health Insurance

Hospital Cash Benefit

This No Medical plan gives you tax-free payments if you are hospitalized for more than 24 hours

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Canada Protection Plan’s Hospital Cash Benefit provides you with money if you are hospitalized. You can select the daily payment amount of $25, $50, or $100. This No Medical benefit is easy to get – just answer a few simple ‘yes’ or ‘no’ health questions.

Who should consider the Hospital Cash Benefit?

You should consider the Hospital Cash Benefit if you’ll need money to help pay for some of the unexpected expenses that add up if you are hospitalized. You decide how to best spend the money. It could be for expenses to pay for a semi-private hospital bed or to take care of children or pets while you are hospitalized.

What is important to know about Hospital Cash Benefit?

The Hospital Cash Benefit pays the daily benefit amount if you get sick or suffer an injury that requires you to be confined in a hospital as an inpatient for more than 24 hours. This benefit will only be payable for an injury if the hospitalization occurs within 30 days of the accident that caused the injury. The maximum payment period is 90 days for the same sickness or injury and 180 days for all sicknesses and injuries.

The Hospital Cash Benefit is only available as a rider on Simplified Elite, Preferred and Preferred Elite, and Express Elite policies.

The premium rates for the Hospital Cash Benefit may be adjusted based on the claims experience of all Lives Insured at the end of each calendar year.

Coverage ends on the policy anniversary nearest your 70th birthday, provided your base policy is still inforce.

Benefits will not be paid for:

  • A pre-existing condition during the first year following the effective date of coverage,
  • Cosmetic surgery or treatment, except when medically necessary and due to accident, sickness or injury.
  • Exceptions, as described in your policy.

How much insurance can I buy?

The daily benefit amount can be $25, $50 or $100.

What additional benefits are included with every Hospital Cash Benefit?

The daily benefit amount automatically doubles if the Insured is confined in a hospital intensive care unit as an inpatient for more than 24 hours.

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