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Top 5 Health Insurance Companies in Canada

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There are thousands of insurance companies across Canada. The Health Insurance category is a great place to start your search. The Top 5 health insurance companies in Canada have been enlisted by different research based organizations including Canstar Blue, the Canadian Life and Health Insurance Association, and more. We’ve listed all five companies below in ascending order to help you find the right company for your needs.

About Health Insurance Companies

Health insurance companies in Canada offer a wide range of coverage options. Some are designed to be comprehensive and comprehensive coverage, while others are only offered after you have exhausted your basic coverage. You should choose the health insurance plan that best suits your needs and budget.

The type of coverage you need depends on your age, medical history, and family situation. Some people may find they can get by with the minimum amount of coverage, while others may want more comprehensive benefits. Health insurance companies offer different types of plans for different reasons:

Comprehensive coverage is designed to cover all major illnesses and injuries in one plan. This type of plan will often include prescription drugs, hospitalization expenses and other medical needs such as dental work or physical therapy.Essential benefits are available through some plans but not all. These benefits typically include free doctor visits and prescriptions, outpatient surgery and hospitalization expenses, maternity care and mental health services (for adults).

Limited-benefit plans cover only certain procedures or services that are included in other plans. Limited benefit plans might only cover in-network hospitals; however, they might also include some preventive care such as well baby exams or flu shots

Manulife Financial

Manulife Financial Health Insurance Company in Canada is a leading provider of personal health, life and travel insurance. The company has a long history of providing quality products and services to Canadian consumers, having been in business since 1883.

Your Manulife Financial Health Insurance Company is an individual policyholder who can make decisions about their own coverage. You can choose from many types of plans, including:

Basic Health Plans

Essential Health Plans

Medically-Assisted Living Plans

Long Term Care Plans

Health Spending Accounts

Maxlife Insurance

Maxlife Insurance is the largest health and dental insurer in Canada, with over $10 billion in assets and more than 50,000 employees. The company was founded in 1985 by Max Lai and his family. Maxlife has been growing steadily since then and now has more than 200,000 policies in force across Canada. The company also offers health insurance plans to people who are not employed by or affiliated with Maxlife, but who nevertheless want to purchase insurance coverage through the company’s network of health care providers.

Maxlife Insurance was founded in 2009 by Jon Hirsch and Jared Winn, who wanted to create a place where people could find affordable health insurance coverage and join the growing trend of people turning to the internet to buy their goods and services.

Maxlife Insurance has been recognized as one of Canada’s fastest growing companies from 2013-2016 by Deloitte Technology Fast 500. The company was also named to Deloitte’s Technology Fast 50 list for 2018, which recognizes leading technology innovators in Canada.

Anthem Blue Cross

Anthem Blue Cross Health Insurance Company is one of the largest health insurance companies in Canada and provides health coverage to more than 10 million Canadians. The company has been around since 1991, when it was founded by a group of doctors who wanted to offer affordable and accessible health insurance to Canadians.

The company is based in Ottawa, Ontario, Canada, but also has locations in Alberta and British Columbia, as well as a number of other provinces across the country. The Anthem Blue Cross Health Insurance Company offers several different health plans that can be customized to meet your needs.

All Anthem Blue Cross Health Insurance Company plans come with a variety of benefits, including prescription drugs, hospitalization coverage and mental health services like counselling and therapy. You can also choose from different levels of coverage depending on your needs.

Sun Life Financial

Sun Life Financial Health Insurance Co. of Canada is a leading provider of health and life insurance to individuals and families in Canada, with policies available across Canada, the U.S., Mexico and internationally. Sun Life’s vision is to be recognized as the leading global provider of insurance solutions that help people take control of their lives. We do this by providing exceptional advice, products and services that are built on our unique combination of financial strength, operational expertise and industry knowledge derived from more than 150 years of experience. Through our trusted network of offices and agents, we provide personal service to over 7 million customers each year through a combination of retail sales channels (including our own call centre) and digital channels such as our websites, mobile platforms and apps.

The Canada Life Assurance Company

The Canada Life Assurance Company (formerly known as Canada Life) is a Canadian financial services company that provides insurance and wealth management products. It was founded in 1827 by Sir Allan MacNab, the first Prime Minister of Canada. The company is headquartered in Toronto, Ontario and has 6,000 employees.[1]

The company is one of the oldest life insurance companies in Canada, but only recently acquired its status as a publicly traded company on the Toronto Stock Exchange. For many years it was owned by the powerful Bronfman family which also owned Seagram and Universal Studios. The Bronfmans sold their stake in the company to CI Financial Corporation in 2010 for $3 billion USD.

Canada Life is currently rated A+ (Superior) by A.M Best,[3] making it one of only two life insurers that are rated this highly by Fitch Ratings (the other being Manulife Financial).

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