Critical Illness: Are You Covered?

Does thinking about critical illness insurance seem as important at worrying about a zombie apocalypse?

OK, before you click away and call us cuckoo, hear us out!

Did you know that the CDC actually has a whole website and plenty of resources dedicated to educating people about what they should do in the (unlikely) event of a zombie apocalypse? It’s true! You can check it out here.

And while it may be tongue-in-cheek, that official website has a great message. Namely, that no matter how wild or fantastical a bad event may seem, on the day it finally does happen, you’re going to be thankful that you prepared ahead of time.

Which brings us back to critical illness insurance, and an all-important question.

In the event of a major, life-altering illness—which, let’s face it, is far more likely than a zombie outbreak—are you going to be covered?

Critical Illness Coverage: What It Is, and Why It Matters

Critical illness coverage is a type of supplemental insurance that pays a lump-sum benefit upon the diagnosis of a serious illness or medical condition, including heart attack, cancer, and stroke.

Critical illness insurance is designed to cover the expenses that might not be paid by your health insurance provider. Because you get paid directly, you can use the money how you see fit. For example, you can put your payments toward:

  • transportation costs
  • out-of-pocket medical expenses (deductibles, coinsurance, copayments, etc.)
  • mortgage payments and other bills

The bottom line is that, with critical illness coverage, you may be able to avoid the financial burdens that can come with a serious illness, letting you:

  • focus on your recovery
  • spend more time with friends and family
  • get the treatment you want
  • protect your home and other assets

On the other hand, if you don’t have a critical illness rider included in your health insurance policy, you may be forced to shoulder major healthcare and living costs all on your own—adding stress to what is already likely to be one of the hardest periods of your life.

The complications that can come with a heart attack, cancer, or stroke can be more than enough to wipe out your deductible and drain down your savings. It costs a lot of money to be seriously sick.

The main things to remember? You need the rider to get the coverage. And you need to get started before it’s too late.

Critical Illness Coverage: Getting Started

You can purchase critical illness insurance at any time, even outside of the open enrollment window. But don’t wait for disaster to strike before you look at your options! You won’t be able to purchase coverage after a major, qualifying illness is diagnosed.

The good news is that adding a critical illness insurance rider to your policy is likely far easier and cheaper than you might think! In fact, most individuals are able to add the supplement for a nominal fee, perhaps as little as $20 a month.

Bear in mind that premiums may vary from person to person based on a number of factors, including:

  • Age
  • Gender
  • Benefit Amount
  • Lifestyle (e.g., smoker vs. non-smoker)

The best way to understand the cost and benefits of critical illness coverage is to talk to the Enrollment Specialists, including your personal consultant, health insurance superhero Matt Peebles!

Health and life insurance superhero logo

About the Enrollment Specialists

With Matt and the Enrollment Specialists on your side, you can rest assured that you’ll be in good hands at every step of the way.

Matt is recognized in the top 1 percent nationally of all health insurance producers! He’s a proven leader in providing the right healthcare solutions for individuals, businesses, and families. He’s gotten results for hundreds of clients all across the country.

Matt and the rest of the team believe that there is a perfect plan out there for everybody. We know the right solutions that will save you time and money, and give you peace of mind. We’ll use every tool at our disposal to make sure your medical costs are minimized and coverage is at its peak, and we’ll outline the process every step of the way to fully highlight the value of your plan.

Even better, when you work with the Enrollment Specialists, whenever you have a policy question or need health insurance advice, you’ll be able to confidently say: “I Got A Guy!” As your specialist, Matt will be your main point of contact for the entire life of your plan. No more wading through red tape for solutions.

Want to get peace of mind today? Don’t hesitate to drop us a line to discuss your options for critical illness coverage. Feeling social? Connect with us on Facebook or Twitter to keep the conversation going.

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