Critical Illness Insurance Plans
Critical illness plans can cover cancer, heart attack, stroke and sometimes other critical illness. Critical illness plans provide you with cash that can help you pay insurance co-pays and/or replace lost income. This type of plan allows you to recover with peace of mind and without financial burden.
With health care premiums rising and increases in treatment costs, many people are looking to fill the gap between coverage and out-of-pocket expenses. Critical Illness Insurance pays you a lump-sum payment upon diagnosis of Cancer, Heart Attack or Stroke, providing you with some security in your time of need.
It’s About Surviving Cancer
People can search for statistics on their chances of being diagnosed with cancer in their lifetime and dwell on the negative. Let’s focus on the positive. Over the past 30 years, the 5-year survival rate for nearly all forms of cancer has increased significantly. And for some of the most common forms of cancer, the current 5-year survival rates are 90% or greater.
Critical Illness Insurance offers a direct one-time payment to you after a diagnosis – it’s a benefit that helps you focus on getting well and not worrying about how you’ll get money to pay for the costs. Here are some of the ways you can use your lump-sum payment:
- Replacing lost income
- Paying for everyday expenses like groceries and bills
- Paying health insurance deductibles and copayments
- Hiring home health care or child care services
- Traveling to treatment facilities
Should you be diagnosed with any of the conditions covered, a check is sent to you, not the health care provider. In most cases receipts or medical bills are not necessary.
Costs to consider with a Cancer diagnosis:
- Office or clinic visits
- Lab Tests
- Imaging tests
- Consultation with specialists
- Chemo drugs
- Other drugs for treating side effects, like pain and nausea
- Rehabilitation or home care
- Mental Health services
- Transportation or hotel costs if you have to travel for your treatment
- Child or elder care while you get chemo
All of these costs an add up. Let us help you find a plan that fits your budget and protect you from the unexpected costs associated with a critical illness, click here to contact us or call us at (458) 205-8398.