Real estate - insurance - HEALTH consultants

Don P. Baker 

CRITICAL ILLNESS INSURANCE

  • Critical illness insurance provides a lump-sum benefit to cover out-of-pocket costs if an employee is diagnosed with a covered illness.
  • Serious illnesses call for serious protection
  • Medical insurance may not cover everything — help close the gap with critical illness insurance
  • No matter your age or state of health, a sudden illness could significantly affect your financial well-being. When health insurance won’t cover certain medical expenses, critical illness insurance can help.
  • Protection for your health and finances
  • Don't let an unexpected illness hinder the life you've built


A critical illness such as a heart attack, stroke or major organ failure can impact anyone, from the least health-conscious to the most fit. Every 34 seconds, someone has a heart-related event, and every 40 seconds, another person has a stroke.1 Heredity and lifestyle affect your risk factors, but even if you’re in perfect health, life can change in an instant.

When a critical illness strikes, major expenses often follow. Health insurance may cover some of your medical costs, but not everything. In addition to your day-to-day bills, you could incur costs for treatment and recovery, such as:

  • Deductibles and co-pays
  • Expenses related to out-of-network treatment and additional medical procedures, such as angioplasty and pacemaker implantation
  • Travel, lodging and meals during treatment
  • Lifestyle changes that may lead to better health, such as gym memberships and smoking cessation programs
  • Rehabilitation and home health services
  • Child care


Plus, if you have to take a leave of absence or reduce your work schedule to care for yourself or others, expenses and debt can add up quickly. That’s where critical illness insurance can help. With a financial safety net in place, you can rest assured that a sudden illness won’t jeopardize your finances.

SOME OF THE COVERED CONDITIONS INCLUDE:

  •  Heart attack
  • Stroke
  • End-stage renal (kidney) failure


Other serious illnesses may be covered as well, depending on the specific design of your plan. Additional coverage options also are available to help pay for health screenings, subsequent diagnoses and cancer vaccines.

AN EXAMPLE OF HOW CRITICAL ILLNESS INSURANCE CAN HELP

After returning home from his 45th birthday celebration, John had a heart attack. Fortunately, he survived and had critical illness insurance to help pay the bills while he recovered.

MEDICAL EXPENSES

John’s medical insurance didn’t cover all of his diagnostic tests or heart bypass surgery, but his critical illness insurance helped pay for these unexpected expenses.

LIFESTYLE CHANGES AND REST

After recovering, John followed his doctor’s recommendation and used part of his benefit to pay for a gym membership and take a vacation to relieve stress.

PREVENTION

John gets a yearly stress test paid for by his annual health screening benefit.