Critical Illness Insurance

Critical illness insurance makes a lump-sum cash benefit payment upon diagnosis of a critical illness or health condition. The cash payout can be used in any way one chooses – for treatment, daily expenses (while being away from work), mortgage etc.

Critical illness insurance could be a strong supplement to high deductible HSA health insurance because one can use the cash from critical insurance to pay off the high deductible.

Critical illness insurance can typically pay 100 percent (can vary in some states) of the plan maximum benefit amount for: Heart Attack (myocardial infarction), Life-threatening cancer, Stroke, Alzheimer’s disease, Major organ
transplant, Multiple Sclerosis, Paralysis, Kidney Failure, Blindness, Deafness.

Critical illness insurance pays 25 percent of your maximum benefit amount for:

• First-Ever Coronary Artery Bypass Surgery
• First Carcinoma in Situ
• First-Ever Coronary Angioplasty