Critical Illness Insurance

If you had a heart attack or were diagnosed with cancer, would you rather have a get-well card or a check for $25,000 or more? A critical illness insurance policy provides you with a lump sum of cash that could help you meet your health insurance deductible, provide money for missed work, or to use however you choose. The main point is that it would free you from financial stress at a time when you have more important things to concentrate on. After all, it is estimated that as much as 60% of the costs of fighting cancer are related to non-medical issues (such as missed work or traveling to receive specialized care).

Did you know that roughly half of the personal bankruptcies in the U.S. are caused by illness or medical issues? Perhaps more surprising is the fact that 68% of those filing for medical bankruptcy had some kind of health insurance. When you have a life-threatening medical crisis, your health insurance should take care of the cost of healthcare – but you’ll likely need help with other financial issues.

Critical illness insurance works very well as a supplement to a high deductible health insurance plan. After all, if you’re going to meet that high deductible, there’s a decent chance it will be the result of a critical illness covered under this kind of policy. You can get a quote from one of our preferred carriers here. To learn more or to get a quote with other carriers, contact AC Forrest.