Best Credit Card Emergency Medical Travel Insurance in Canada

Credit Card Travel Insurance

I have summarized all the emergency medical travel insurance available with your Canadian credit card issued by all major banks of Canada.

If you do not want to read through all the coverage information, the most important question is, which is the best credit card in Canada for travel insurance?

CIBC Aventura Visa Infinite Privilege
CIBC Aventura Visa Infinite Privilege

 

CIBC Aeroplan Visa Infinite Privilege
CIBC Aeroplan Visa Infinite Privilege

There are a few aspects that make this the best emergency medical travel insurance available in Canada through a credit card.

5,000,000 Coverage for Core Health Services

We never anticipate using insurance. So, if I ever do need to use insurance, I ask myself, what if I am in a bad accident in the USA. We always hear about expensive medical bills. I have no experience with the US health care system, but also, I don’t ever want anyone in my family to be worried about, if we have sufficient coverage. With $5,000,000 coverage, I am confident I will never cross that limit.

No lower limits on core health services

I define core health services as:

  • Hospital accommodation
  • Doctor’s bills
  • Private registered nurse
  • Ambulance, both ground and air
  • Paramedical services
  • Diagnostic services
  • Medical Appliances

There is no other card issuer in Canada who has no lower limits on any of the services defined above. I never want to be in a situation, where I cannot afford a service that is medically necessary for treatment, and yet, my credit card company will not cover me.

31 Days Validity for Adults

31 Days is the longest validity across all cards in Canada. Most vacations for most of us are typically less than 31 days.

10 Days Validity for Older People

10 Days is the longest validity across all cards in Canada. Most vacations for most of us are typically less than 10 days.

Conclusion

When I started writing the series of articles, I never imagined CIBC would have the best travel insurance policy. I always thought American Express Platinum was the gold standard. Personally, this was very insightful, and for my family, I will be ensuring that we have the appropriate travel insurance, either through CIBC or a private insurance provider.

 

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Luc

Hello Moli, I have read your nice comprehensive emergency medical travel insurance assessment. It is very informative and well presented. With respect to credit card insurance coverage associated with Scotiabank, I am not sure if you could have a second look at the current Scotiabank T&C. When one reads the updated certificate of Scotiabank insurance, stable pre-existing conditions up to 180 days for individuals under 75 years of age seem to have individuals covered, and in the case where the person is 75 years of age or older, the insurance seems allow coverage of the medical condition of the individual… Read more »

Luc

Hello Moli, I have followed up directly with Manulife today, the Scotiabank Emergency Medical Insurance info line for their credit cards. Their interpretation of the insurance certificate info is tricky indeed. If Scotiabank cardholders and family members are below 65 years old, they are covered IF preexisting medical conditions are ‘stable’ 6 months prior to travel. This ‘stable’ preexisting medical condition exception is ‘clarified’ specifically in the definition section of the certificate. As such, any change in medication dose – even a slight decrease (!) or increase of it during this six-month period prior to travel – is considered being… Read more »

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