Critical Illness

Health care can be expensive and it seems to increase each year. When there is a critical illness involved, the cost can increase dramatically which is why critical illness insurance was developed.


Most employers provide health care benefits for their employees. Employers may also offer additional insurance for critical illnesses that can be added to a traditional health insurance policy. Costs vary, so it is important to check with your benefits administrator or human resources department regarding costs and types of insurance they offer.


Critical illness insurance is for those who have costly illnesses or require expensive treatment. Those with the following conditions would be eligible:


Organ transplant

Kidney failure

Paralysis

Brain damage

Cancer

Stroke


If you have insurance for a critical illness through your employer, and have been diagnosed with a critical illness, you will receive one lump sum payment. Since you most likely will not be working during your illness, this money is used to help pay for your living expenses along with your medical bills. Some of these insurance plans pay the providers directly and others cover travel expenses and accommodations.


The different types of coverage that currently exist include:


Critical insurance only

Combined life insurance and critical coverage

Insurance that also offers mortgage protection


There are many major benefits to having a critical illness policy through your employer. For one, there would be a much less chance of ever having to file for bankruptcy. If you choose a plan that offers mortgage protection, it would insure your mortgage would be paid in full upon being diagnosed or even upon death.


Talk to you employer today to see what kinds of plans they can offer you for critical illness.

(916) 985 8484

Phone Number

13405 Folsom Blvd, Suite 810

Folsom CA, 95630

johnb@allstate.com

E-mail address

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