Types of Insurances

This thread is for Canadian residents only, preferably those living in the greater Montreal area. This may seem as somewhat of a tedious issue but it's something that's been on my mind ever since I began driving a couple of years ago.

I know that car insurance works in such a way that you pay an annual or monthly fee (depending on your line of credit) that allows you to claim incidents at no cost. Auto insurance can cover accidents, theft, vandalism, natural disaster (ie: tornadoes, hail or flooding) as well as rental car coverage. I also understand that your annual or monthly rate steadily increases depending on the amount of claims you've filed. That's all clear.

What I don't understand is how other types of insurances work, particularly medical and dental insurances.

In Montreal, medical insurance is free and equal to all because it is funded by the government, so that's fine. But when I have to pay my dentist or my medical clinic writes me up a prescription for medication, I always see people that put it on their insurance. I'm wondering if medical, dental, etc. insurances work the same way that car insurance works. Does your annual or monthly fee for those insurances increase based on how many things you claim on your insurance throughout the year (ie: root canal operation, psychotherapy sessions, etc.)

I don't think it does but I don't know how that works. Would someone that lives in Canada, preferably Montreal since your answer will be more accurate, mind answering me?

In Canada our health care is 100% free , it comes from the taxpayers money. You pay for your own car insurance, it is not payed by the tax payers. Hoped this somewhat answered your query.

Optics said:

In Canada our health care is 100% free , it comes from the taxpayers money. You pay for your own car insurance, it is not payed by the tax payers. Hoped this somewhat answered your query.

Click to expand...

Ya I knew that much.

Nevermind this thread. I just asked my sister and she told me.
For car insurance, your rate goes up because you can claim an infinite amount of incidents. But for dental, you pay a fixed fee annually and the insurance plan usually tells you how much percent of each thing you claim will be covered by them. On the other hand, there are some dental insurance plans that have a fixed fee, same as the other, but instead of covering a certain percent of each thing you claim with them, they tell you 'OK, we'll cover as much as 750$ annually and after that, you need to pay for the rest on your own'.

I started this thread looking for information and ended up providing it. What-d'ya-know. :happy2: