At BlueRock Wealth Management, we are best known for helping our clients build and protect their wealth. But part of true financial wellbeing involves preparing for the unexpected in life, including illness. This is why we offer insurance solutions alongside our wealth management services.
A recent report by the Fraser Institute highlights how the impact of Canada’s public healthcare system extends far beyond government spending. One of the most striking figures is that the median wait time for medically necessary treatment in 2024 was 30.4 weeks, or roughly 7.5 months.
Now, consider this: if you were diagnosed with a serious illness like cancer, heart disease, or stroke and you were unable to work while waiting for treatment, what would 7.5 months without income mean for you and your family? This report also quantifies the private cost of these public queues at over $3.9 billion in lost wages and productivity.
This is exactly why we urge everyone to consider critical illness insurance. While it is not pleasant to think about worst-case scenarios, this kind of coverage offers a tax-free lump sum benefit when you need it most, giving you time to focus on recovery, not paying medical bills. If you are interested in more information about the benefits of critical illness insurance, we encourage you to reach out to us.
On a separate but related note, we have a great experience to share if you are ready to get more proactive and gain more insights about your health. We can introduce you to MedCan, a service we have used ourselves and regularly recommend to our clients as well. Please reach out to Sandy Coates for more information either via or website or by calling 705-443-5599 ext. 229.