Philadelphia Accident and Critical Illness Insurance – Your Questions Answered

Have you ever thought about what might happen if you suffer a serious illness such as a heart attack or stroke? What if you experience a sudden accident where you need to be rushed to the hospital? Will your current level of health insurance cover all the costs associated with these major unforeseen events? You might have really great health insurance, but certain costs add up, such as:

• • Deductibles
  • Co-pays
  • Prescriptions
  • Alternative treatments
  • Travel costs

Meanwhile, you still have to pay the mortgage, car payments, utilities, etc.

Are you financially prepared if something like this were to occur? Luckily, Accident and Critical Illness plans exist. If you don’t currently have Philadelphia Accident and Critical Illness insurance, it’s time to start considering it.

Common Questions Surrounding Philadelphia Accident and Critical Illness Insurance

Accident Insurance

Accident insurance will help put your mind at ease by covering costs that your health plan may not fully cover. These plans will cover adults up through 64 years old.

• • 1. Are the benefits paid to me directly? Yes. After an accident, you will receive a lump sum payment to use as you see fit. This is very helpful when you have those unexpected costs that add up, including child care, transportation, and co-pays.
    2. Do I need a medical exam to apply for this? No medical exam needed. It is very easy to apply, and one of the agents at Insurance Shops can help you do so.
    3. Is there a waiting period to use these benefits? No, there are no waiting periods to satisfy. This supplemental insurance will go into effect on the date of your coverage.

Critical Illness Insurance

Unfortunately, many Americans go into bankruptcy when dealing with a critical illness due to the non-stop bills. But you can avoid this by purchasing a supplemental plan called critical illness insurance, which will help cover expenses when the policyholder suffers from certain critical conditions.

• • 1. What is considered a critical illness? The three primary illnesses covered by these insurance policies are cancer, heart attacks, and strokes. They may also cover heart transplants, kidney failure, paralysis, and more. Speak with your insurance agent to be clear on what is covered under your policy.
    2. How much money will I receive? Like accident insurance, you will receive a single lump-sum payment to cover your expenses. This payment can range from $10,000 to $1 million. The payment is made as soon as you are diagnosed with the illness.

Consider Philadelphia Accident and Critical Illness Insurance

If you’re ready to talk to an agent about Philadelphia accident and critical illness insurance as a supplement to your primary health insurance, contact Insurance Shops today. We’ll answer any other questions you have and find the right plan for you.