Seniors
Related FAQs
I'm turning 65, do I need to buy prescription drug coverage?
When you turn 65, you may be eligible for prescription drug coverage under your provincial or territorial government health care plan.
However, these plans often have a limited drug formulary, meaning that not all medications are covered. An individual health care plan from insurance providers like Alberta Blue Cross, Canada Life, Manulife, or Sun Life typically offers a more comprehensive formulary.
This means some or all of the medications you take, or may need to take in the future, might not be covered by your provincial plan but could be covered by an individual health insurance plan.
Beyond prescription drug coverage, individual health care plans often include additional benefits valuable as you age, such as home health care, mobility devices, and hearing aids.
However, these plans often have a limited drug formulary, meaning that not all medications are covered. An individual health care plan from insurance providers like Alberta Blue Cross, Canada Life, Manulife, or Sun Life typically offers a more comprehensive formulary.
This means some or all of the medications you take, or may need to take in the future, might not be covered by your provincial plan but could be covered by an individual health insurance plan.
Beyond prescription drug coverage, individual health care plans often include additional benefits valuable as you age, such as home health care, mobility devices, and hearing aids.