Management and Organizational Studies 2277A/B Chapter Notes - Chapter 9: Life Insurance, Waiting Period, Canada Pension Plan
23 Oct 2016
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Most common financial goal related to life insurance is to maintain financial support for your dependants. Canada"s health care system known as medicare, is not a single national health insurance plan designed such that federal, provincial and territorial government assume roles and responsibilities that ensure standard of coverage. Medicare = interlocking system of ten prov and 3 ter health insurance plans provided by governments, including the federal publically financed 70%, 30% privately. Role of federal government fundamental role = ensure universal coverage is provided for eligible residents on the basis of individual need, rather than on ability to pay. Canada health act = establishes the criteria and conditions related to insured health care service that provinces and terr. Must meet to receive $ from federal government for health care. Insured health care services = medically necessary hospital, physician and surgical dental services provided to insured persons.
