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Critical Illness Insurance

Author: Frank N. Darras : Contact: darrasnews.com

Published: 2009-10-28 : (Rev. 2018-08-09)

Synopsis:

Critical illness insurance fills gap in existing medical insurance coverage if you are not able to afford or lost your major health insurance.

Main Digest

Critical illness insurance fills the gap in existing medical insurance coverage or can be a last stop if you're not able to afford or you lost your major health insurance. Generally, critical illness insurance pays a lump sum monetary benefit for hospital charges, an I.C.U. stay, organ transplants, ambulance fees, or transportation and lodging.

As breast cancer awareness month winds to a close and pink ribbons symbolizing the brave fight against this disease take their place on survivors' dressers, the fight continues. Putting the spotlight on this devastating disease has made people think about their own mortality and what would happen if they were diagnosed with a critical illness, says Frank N. Darras, America's top Long Term Disability Lawyer.

If your family's medical history includes, heart disease, stroke, cancer, diabetes or renal disease, then critical illness insurance might add an additional layer of financial protection for you.

"Critical illness insurance fills the gap in existing medical insurance coverage or can be a last stop if you're not able to afford or you lost your major health insurance. Generally, critical illness insurance pays a lump sum monetary benefit for hospital charges, an I.C.U. stay, organ transplants, ambulance fees, or transportation and lodging. This sum can be used for payment towards any aspect of the illness or for food, clothing, gas or the mortgage," says Darras the Insurance Attorney.

This coverage sounds simple, but folks must understand exactly what they are paying for and exactly what is covered.

According to Darras, critical illness insurance is not meant to replace health, life or disability insurance. Instead, its purpose is payment for illness and specific kinds of treatment not ordinarily covered by traditional insurance or for any other expenses the insured wants to spend the lump sum on. Dire medical conditions are difficult enough to get your arms around, you don't need mounting financial worries to add insult to the illness.

Do Your Homework

Critical Illness Insurance Terms

"Making smart choices and having a trustworthy, knowledgeable professional to give you competent advice, can save you big dollars in the long run," says Darras the ERISA Lawyer.

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