Critical Illness & Cancer Insurance
Financial Support When the Unexpected Happens
A serious illness can bring more than health concerns. Even with health insurance, deductibles, copays, treatment-related expenses, and time away from work can put additional pressure on your finances.
Critical illness and cancer insurance can provide supplemental benefits following a covered diagnosis. Depending on the policy, benefits may be paid directly to you, giving you the flexibility to use the money where it's needed most, from medical expenses to everyday household costs.
Why Critical Illness & Cancer Insurance Matters
Traditional health insurance can help pay for medical treatment, but it may not cover all of the expenses that come with a serious illness. Supplemental coverage can help provide an additional financial safety net so you can focus more of your attention on treatment and recovery.
Critical illness and cancer insurance may help you:
- Manage deductibles, copays, and other out-of-pocket expenses
- Replace income during time away from work
- Cover transportation or lodging related to treatment
- Keep up with everyday expenses such as utilities and groceries
- Protect savings from unexpected financial strain
- Gain added financial flexibility during treatment and recovery
Coverage can be especially valuable for individuals and families who want additional protection beyond their primary health insurance.
What Critical Illness & Cancer Insurance Covers
Coverage varies by policy. Critical illness insurance may provide benefits following the diagnosis of certain covered conditions, while cancer insurance is specifically designed to help with expenses associated with a covered cancer diagnosis and treatment.
Depending on the policy, benefits may be available for:
- Covered cancer diagnoses and treatments
- Heart attack and stroke
- Certain major surgeries or procedures
- Hospital stays
- Chemotherapy and radiation treatments
- Diagnostic testing and follow-up care
- Transportation and lodging related to covered treatment
Some policies provide a lump-sum cash benefit after a qualifying diagnosis, while others pay benefits based on specific treatments or services. Benefit amounts, covered conditions, waiting periods, and other policy provisions can vary.
