North Carolina residents do you need Critical Illness Medical Insurance coverage? Traditional health insurance policies cover a variety of treatments and services, including surgeries, prescription medications and diagnostic testing. However, paying for critical illness care often goes well beyond those costs.
To fill gaps in your coverage, supplemental health insurance plans, such as critical illness insurance, are available. Critical illness insurance can be beneficial if you want an insurance payment above and beyond what a standard medical insurance policy pays.
Critical Illness insurance pays a lump sum cash benefit directly to the policyholder in the event of a qualifying serious illness.
Ask yourself this – If you were unable to work for an extended period of time, could you continue to pay your mortgage or other bills? Do you have an emergency fund set aside for an unexpected critical illness or serious medical condition?
If you answered “no” to these questions, you may want to consider a Critical Illness insurance plan. Critical Illness insurance, also known as Critical Care insurance or Critical Illness coverage, may help shift the focus more to your recovery and less on your expenses.
Critical illness insurance is a form of supplemental health insurance that provides coverage for expenses that your health plan doesn’t cover. The purpose of critical illness insurance is to provide a monetary safety net in the event of a medical diagnosis that could result in expensive treatments or other financial hardships.
Critical illness insurance payments are typically a lump sum, between $10,000 to $50,000, when you’re diagnosed with a critical illness covered by the policy. You can use the money to help pay for your care, but you can also use it for other reasons, including paying your mortgage.
What Does Critical Illness Insurance Cover
- Heart attack
- Life-threatening cancer
- Loss of hearing
- Loss of speech
- Loss of vision
- Major organ transplant
- Renal failure
- Carcinoma in situ
- Coronary artery bypass graft
EDM Insurance can provide you with a wide array of choices from some of the top insurance carriers.
Health insurance is important for many reasons. It helps pay for medical bills and prescription drugs, which can be very expensive. It also helps you avoid large medical debt and provides a cap on the most you could spend on health care each year. Health insurance covers essential health benefits critical to maintaining your health and treating illness and accidents. It protects you from unexpected, high medical costs. You pay less for covered in-network health care, even before you meet your deductible. Enrolling in high-quality health insurance can help you avoid large medical bills that can cause financial hardship and even medical bankruptcy.