This is what we hope but, the truth is, Americans are outliving their illnesses and there is a gap or a hole that needs to be filled. Critical Illness coverage plays a very important role in a complete benefit package.
In 2012, 26.8% of families in the United States experienced the financial burden of medical care. Almost 1 in 6 families had problems paying medical bills in the past 12 months and 1 in 10 families had medical bills that they were unable to pay at all, many of whom had health insurance.
Your job is to help protect your clients from the out-of-pocket medical and non-medical costs of an injury or illness. A Critical Illness Insurance plan can help.

With high deductible health plans and higher out of pocket maximums becoming the primary options for many employees, the need for supplemental medical programs has increased. Critical Illness insurance is a great option to fill this gap and to protect employees from financial hardship.
Critical Illness insurance offers coverage for a specified list of diagnoses such as cancer, stroke, and heart attack. Some policies include kidney failure, multiple sclerosis, Alzheimer’s and other diseases. There are various benefit level options and plans pay lump sum tax free cash benefits. The money can be used to help meet out-of-pocket medical costs like deductibles as well as non-medical costs like increased childcare, mortgage and car payments and insurance premiums as well as experimental treatments. Many plans also provide wellness screenings and additional health care support services.
In addition to high-deductible health plans, a lack of savings has created a surge in Critical Illness insurance plans. According to Bankrate, Inc., 62% of people don’t have enough in their savings account to cover unexpected bills. If you want your clients to be able to focus on recovery instead of finances during a medical crisis, consider introducing them to Critical Illness insurance.

Shields Brokerage has affordable Critical Illness Plans that can be offered to your groups and stand-alone plans for your individual clients*. If you haven’t taken a look at these, now is a great time to sit down with your clients and have a discussion.
Give Kathy Borsh a call to learn more.

• All plans not available in all States.