When you're in the hospital, the costs can add up fast. What's more, government and employer-sponsored health plans may pay for only some of the costs associated with being hospitalized—and less (if any) of your recovery costs afterward. Our affordable hospital insurance plans can help fill the gap with a tax-free benefit you can use any way you wish.
You are on: Overview
An illness or injury can strike anyone. In fact, in 2007 alone, nearly 6,000 Canadians were hospitalized per day. And, the average stay was 7.1 days.(1)
If you are hospitalized because of an accident or illness, your government or employer-sponsored health plan will likely cover just a portion of the costs, which can include:
With one of our affordable hospital insurance plans—Royal RecoverAssist® Basic Coverage or Enhanced Coverage—you’ll receive tax-free money that can help you cover the costs associated with your hospitalization, recovery and more.
You are on: Plan Choices
You are on: Basic Coverage (Accidents Only)
Receive a tax-free benefit if you are hospitalized due to an accident.
If you are hospitalized because of an accident, low-cost Royal RecoverAssist Basic Coverage provides:
For example, if you are hospitalized for five days, you could receive up to $200 per day, plus a lump-sum payment of $1,000. Your total payment would be $2,000, tax-free.
You are on: Enhanced Coverage (Accidents & Illness)
Receive a tax-free benefit if you are hospitalized due to an accident or illness(4).
If you are hospitalized because of an accident or illness, Royal RecoverAssist Enhanced Coverage pays you a tax-free benefit of up to $200 a day for each day of hospitalization, to a maximum of 365 days per condition.
For example, if you are hospitalized for five days, you could receive up to $200 per day for a total of $1,000, tax-free.
You are on: FAQs
Below are answers to the most common questions asked about our hospital insurance plans. Don't see your question? Call 1-866-262-7920 to talk with a licensed RBC Insurance® advisor.
Enrol today for the additional protection of our affordable hospital insurance. Your acceptance is guaranteed(2) and your first month of coverage is complimentary.(3)
1) Source: Canadian Institute for Health Information, Inpatient/Acute Admissions by Province 2007. http://secure.cihi.ca/cihiweb/dispPage.jsp?cw_page=statistics_results_topic_hospital_e&cw_topic=Health%20Services&cw_subtopic=Hospital%20Discharges
2) Acceptance is guaranteed if you meet the following conditions: You are a current customer of any RBC® company, you are between the ages of 18 and 70, and you are a Canadian resident. You may also enrol your spouse if he or she is between the ages of 18 and 74.
3) RBC Insurance® will pay your first month's premium.
4) There is an elimination period of 3 days before benefits are paid if you are hospitalized as a result of illness. This means that if you are hospitalized as a result of illness for 3 days or less, no benefit will be paid.