Critical Illness Insurance

Cash benefits to supplement your major medical insurance policy

Pay your mortgage, medical bills, or other expenses that don’t stop, even when you experience a serious illness.

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critical illness insurance what is covered

What Does Critical Illness Insurance Cover?

Critical illness insurance provides a lump sum benefit when you are diagnosed with a covered illness, as shown in the policy. The amount of the benefit varies depending on the severity of the condition and how long you’ve had your policy.

The following lists are intended to provide general information and include common coverages and exclusions. Read the details of any policy you’re considering carefully.

Conditions Critical Illness Policies May Cover

Life-threatening cancer
Heart attack
Kidney failure
Stroke
Coma
Coronary artery bypass
Loss of sight, speech or hearing
Major organ transplant
Paralysis
Severe burn

Critical Illness Policies Often Don’t Cover

Self-inflicted injury or sickness
Recurrence of cancer (only the first diagnosis may be covered)
Illnesses that occur during the policy waiting period
Diagnoses related to pre-existing conditions
Procedures that are not medically necessary
Experimental procedures or investigational drugs
Procedures not prescribed by a doctor
Injuries resulting from war or active duty military service
Injuries sustained at work, while under the influence of drugs or alcohol or while participating in a high-risk activity like bungee jumping

Pros and Cons of Short Term Health Plans

You’re in control– You choose how to use your benefits to spend any way you need while you recover.
Keep your doctor– You may choose to go out of network and be able to use any provider or facility.
Apply year-round– There is no official open enrollment period.
A plan for every budget– Different levels of coverage may be available at different premium price points and different benefit levels to meet individual needs.
Affordable monthly premiums– Because policies are so limited in what they cover, it’s relatively affordable to maintain this supplemental coverage.

Limited coverage + many exclusions– These plans are only meant to cover specific illnesses.
Premiums are based on age– The younger you are, the lower your monthly premium, and coverage may be terminated when you reach a certain age.
Not ACA-qualifying major medical coverage– Critical illness coverage is a form of supplemental insurance, meant to be paired with a major medical plan.
Waiting periods– Most policies won’t pay benefits for a diagnosis relating to a health condition until you’ve completed your policy’s waiting period.

Combine With Other Insurance Plans for More Coverage

Combine a critical illness policy with other supplemental health insurance products for more coverage. Hospital indemnity insurance, dental, vision, and accident insurance can complement your supplemental critical illness insurance.

Call [phone number] to speak with a licensed insurance agent to learn more.