Better Business Bureau Accreditation and Rating: No / A+įind out more insurance facts about the biggest life insurance companies in Canada.

Key facts about Sun Life and Health Insurance Company

The company has 37,000 employees and distributes its products through more than 112,000 advisors.Īpart from insurance, Sun Life Assurance Company of Canada is a major player in the wealth and asset management market, with over $1 trillion CAD worth of assets under management (AUM) across the world. In 1979 the company shifted its headquarters from Montreal to Toronto. Today the company is a leading global financial organization with operations in a number of markets worldwide including the U.S., the U.K., Ireland, Hong Kong, Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. The company was started in Montreal, Quebec, as The Sun Insurance Company of Montreal. That way you can minimize unexpected expenses and avoid disappointment.Sun Life Financial, Inc., founded in 1865, is one of the largest life insurance companies in the world. It’s important to know how much is covered under your benefits plan (and how much you may be responsible for paying out-of-pocket). This means that after you submit your claim, you’ll receive 80% of the R&C amount, which would be $80 in this scenario. Your workplace plan also allows for 80% coverage of your massage therapy treatments. Let’s suppose you’re going for a massage that costs $130, but Sun Life’s R&C amount is $100. You can think of it as a ‘going rate’ in the market, because it reflects the average cost associated with a service or product in a particular region. What’s an R&C (reasonable and customary) limit?Ī reasonable and customary limit is the amount of money that Sun Life (or another insurance company) chooses as the normal range of payment for a specific health-related service or medical procedure. If any coverage limits apply to you, you’ll find them under the ‘Limits’ section of your coverage details. There may be some limits that apply to your coverage, such as a maximum limit to the number of visits you’re covered for any treatment or service. How can I find out if there is a maximum number of covered visits, or any other limits, for my service? You’ll find your paramedical coverage information under ‘Paramedical Services’ list in the ‘Medical’ section of your coverage details. Examples of paramedical practitioners include acupuncturists, chiropractors, massage therapists, physiotherapists, podiatrists,

Paramedical expenses are medical services or products received from a licensed medical professional who is not a medical doctor or a nurse.

What are ‘paramedical’ expenses, and how are they different than ‘medical’ expenses?

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