What is Critical Illness Insurance?
A Critical Illness Insurance policy, also known as Critical Care Insurance, protects you when you’re diagnosed with a critical illness and has a lump sum payout that you can choose to use however you’d like. Sometimes, when you’re least expecting it, life will throw a curveball at you. No one anticipates being diagnosed with a critical illness, but sadly it occurs frequently, and in such moments it’s better to be prepared.
What is Covered by Critical Illness Insurance?
The three primary covered illnesses are cancer, heart attack, and stroke, though the policy may also cover other afflictions, including kidney failure, major organ transplant, and paralysis.
Do I Need Critical Care Insurance?
Having a critical illness puts an immense strain on the body; it also puts immense pressure on the wallet. Medical expenses account for a majority of personal bankruptcies in the U.S., upwards of 60% according to a Harvard study. While the average cost of treating a critical illness is over $7,000, most Americans have less than $1,000 in savings. A critical illness will undoubtedly keep you out of work for some time, and you’ll still have bills, groceries, and other living expenses to consider while you’re saddled with sometimes staggering medical expenses, even with typical health insurance. A Critical Care Insurance policy will protect you when you take ill, and payout $10,000 – $1,000,000 depending on your plan.
ePlatinum Health Helps You Protect Yourself
At ePlatinum Health, we’re invested in you; our goal is to have a conversation and find a plan that suits your needs and protects you when you’re most vulnerable, physically and financially. We believe that serious illness and the pursuit of wellness shouldn’t come with dire financial consequences. Our agents are happy to meet with you in person, or to talk on the phone, and to find the plan that works best for you. With ePlatinum Health, your future is in safe hands.