No one is exempt from experiencing a serious or sudden illness. According to the Centers for Disease Control and Prevention, more than 795,000 people in the United States have a stroke every year1. The diagnosis of a critical illness such as stroke, heart attack, or cancer can cause an immediate financial strain on any family. Health insurance policies don’t always cover all expenses associated with critical illnesses, leaving individuals with the responsibility to pay the difference or entire cost of treatment. Critical illness policies are insurance policies that may be able to reduce the weight of any financial burdens resulting from the diagnosis of a serious illness by providing a cash payout to help cover medical and other expenses after diagnosis.
1 CDC, Stroke Information, 2019
Would your major medical plan cover all your expenses if you became critically ill?
Critical Illness insurance can help cover unpaid medical bills, travel expenses, lost income and more.
Critical illness insurance policies provide benefits in addition to any existing major medical coverage you already have. In the event of a heart attack, stroke, cancer, or other serious illness the insured can receive a lump-sum cash or specified payment amount to help manage expenses. The choice on how you’d like to use this assistance is yours. This benefit can assist with covering costs such as:
- Out-of-pocket medical expenses such as co-pays and deductibles that medical insurance may not cover
- Experimental procedures
- Daily living expenses including mortgage or rent payments while you’re recovering
- Transportation expenses, such as traveling to and from treatment facilities, installing in-home ramps, or retrofitting vehicles to carry wheelchairs or scooters
- Other non-medical costs related to the illness
The purpose of this communication is the solicitation of insurance. United American Insurance Company is not connected with, endorsed by, or sponsored by the U.S. government, federal Medicare program, Social Security Administration, or the Department of Health and Human Services. Policies and benefits may vary by state and have some limitations and exclusions. Individual Medicare Supplement insurance policy forms MSA10, MSB10, MSC10, MSD10, MSF10, MSHDF10, MSG10, MSHDG, MSK06R, MSL06R, MSN10 and in WI, MC4810 and MC4810HD, MC4810HDG are available from our Company where state-approved. Some states require these plans be available to persons under age 65 eligible for Medicare due to disability or End Stage Renal disease (ESRD). You may be contacted by an agent or producer representing United American Insurance Company, PO Box 8080, McKinney, TX 75070-8080. OUTLINE OF COVERAGE PROVIDED UPON REQUEST.
For Ohio, you may verify the agent/broker and United American Insurance Company by contacting: The Ohio Department of Insurance 50 W. Town Street, Third Floor - Suite 300, Columbus, OH 43215. Consumer Hotline: 1-800-686-1526 or TDD Number: (614) 644-3745. For costs and complete details of coverage call or write your insurance agent or the company (whichever is applicable).