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Critical Illness Insurance Plan

In order to give your family the utmost protection for them and their future, you need a plan that protects you too. How to avail? Read further to learn more.

Critical Illness Insurance

What is Critical Illness Insurance?

Nobody prepares for a critical illness, but having the essential supplemental insurance coverage during a serious medical crisis can bring financial relief and peace of mind at the crucial moment.

The policy that will protect you in the event of a major sickness diagnosis in the future is known as critical illness insurance. This kind of plan adds to current health insurance coverage by giving extra money to cover costs associated with critical illness medical emergencies. Depending on the plan, you can get a lump sum or regular payments to cover these extra costs. The additional insurance plan lets you concentrate on recuperation rather than costs despite the fact that coverage limitations vary.

How does Critical Illness Insurance work?

You pay a monthly premium for critical illness protection, just like you do for health insurance. If you are diagnosed with a major illness, critical illness insurance will pay you based on the plan’s coverage level and the type of illness. Other factors may include:

  • Your age;
  • Your general health and health-risk factors;
  • The number of illnesses covered by the plan;
  • Whether you have selected an individual, couple, or family plan; and
  • Whether you smoke or use tobacco products.

Some critical illness insurance plans may provide coverage without requiring a medical exam, especially if you already have another plan with that insurer.

What does Critical Illness Insurance cover?

Critical illness insurance policies typically cover conditions that are specifically classified as critical illnesses. The following are examples of major health events:

  • Heart attacks
  • Strokes
  • Organ transplants
  • Cancer
  • Coronary bypass

Is Critical Illness Insurance worth it?

The monthly premiums of most critical illness plans are typically low in cost, which makes them affordable add-ons to your health insurance coverage. Consider critical illness insurance if you have a family history of certain diseases, or if you or a family member is getting older and requires additional coverage for protection against major illnesses caused by aging.

Rounding out Health Insurance with Supplemental Coverage

A critical illness insurance plan is one type of supplemental coverage that can supplement your health insurance. Adding other supplemental insurance plans provides you with additional protection in the event of a medical emergency, such as an accident or hospitalization.

Accident insurance provides cash payments to help cover medical expenses not covered by your health insurance plan and out-of-pocket costs from an injury or accident.

Hospital indemnity insurance pays cash benefits that may cover inpatient hospital stays caused by injury or illness, as well as expenses while you are recovering at home.

Choosing a Critical Illness Insurance Plan

Simple Choice Insurance Brokerage is here to help you select a critical illness insurance plan that is right for you and your family. Learn more about how supplemental insurance and health insurance coverage work together to create comprehensive protection for peace of mind.

For more information, call us at 832-626-7791, Monday through Friday, from 9 a.m. to 9 p.m. CT.

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