The Road Home for Health Care & Medical Benefit Solutions

Critical illness coverage seen as small price to pay for peace of mind in tough times With tightened budgets a prevalent reality, employers are struggling to do more with less, including finding ways to offer the best value employee benefits packages. The increasing shift toward employees shouldering more costs, particularly for health insurance, can unfortunately leave many working Americans who face serious illnesses falling through financial cracks. But critical illness coverage can serve as a compelling bridge for health insurance and disability income protection alike.

For as little as $4 to $5 a week, this employee benefit provides tremendous value. When an insured is diagnosed with a critical illness, he or she receives a lump sum payment that can be spent in any way. The cash infusion can not only help pay for potentially costly out-of-pocket direct medical expenses such as experimental treatments, drug therapies, and deductibles but also hidden costs that are often overlooked.Crtical Illness plans complement high-deductible health plans (HDHPs) and other core medical plans. They close gaps created by the need for greater employee cost responsibilities.

Critical illness insurance works particularly well with HDHPs by eliminating worries employees might have about meeting deductible hurdles with their own wallets.

Either way, the objective is to walk a fine line between the need to better control benefit expenses but also provide meaningful coverage that adequately protects and satisfies employees. corporate goodwill.