- Posted by Laura Martin
- On June 16, 2020
Critical Illness Insurance can pay a benefit if the insured individual is diagnosed with a covered critical illness while coverage is in force. Diagnoses of subsequent critical illnesses, whether the same or different illnesses, must be separated by 180 days or medically unrelated. There is no maximum number of benefits that may be payable under the plan.
Employers can choose to include coverage for Critical Illnesses, Cancer or both.
There are some Critical Illness policies that cover infectious diseases like Covid-19.
Critical Illnesses = Heart attack • Stroke • Major organ failure • End-stage renal (kidney) failure • Coronary artery disease (major) • Coronary artery disease (minor)
Cancer = Invasive cancer, including all breast cancer • Non-invasive cancer • Skin cancer
Two additional options, Progressive Diseases and Supplemental Conditions, can also be added to the plan:
Progressive diseases = Amyotrophic Lateral Sclerosis (ALS) • Dementia, including Alzheimer’s disease • Multiple sclerosis • Parkinson’s disease
Supplemental conditions =Loss of sight • Loss of hearing • Loss of speech • Benign brain tumor • Coma • Permanent paralysis • Occupational HIV, hepatitis B, C or D • Infectious diseases
Get in touch! We love talking to employers about adding even more value to your benefit package! Email firstname.lastname@example.org or call 484-321-5752.