Critical illness coverage or catastrophic illness coverage is a type of insurance that covers you in the event of a future major illness diagnosis. Deciding on whether or not to purchase critical illness coverage can be challenging, especially since it’s impossible to know if you’ll need it or not. In this guide, we’ll explore how you can decide if should you get critical illness coverage? The experts at Insurance Shops have the insurance expertise and knowledge to help assist you in making the best decision for your unique circumstances.
Should you Get Critical Illness Coverage? How to Decide
Critical illness coverage differs from a standard health insurance plan. Unlike your regular health insurance plan, a critical illness coverage plan is paid directly to you and not to the healthcare provider. The payout of a critical illness coverage plan is paid directly to you, meaning you decide how the money is spent.
While it could be used to cover some medical expenses, it could also be used for rent, mortgages, child care, or other expenses you may have as a result of being out of work. Critical illness coverage plans are a good idea for those who have very high deductible health insurance plans or who do not have money to live off of in the event of a critical illness taking them out of work for a prolonged period.
Purchasing Critical Illness Coverage
If you’ve decided to purchase critical illness coverage – we can help! Insurance Shops works with dozens of insurance providers to help you find the best coverage and pricing around. Our plans provide you with a lump-sum payment in the event of a critical illness, which can help fill in the gaps in your primary health insurance plan.
With over 25 years of insurance experience, customers like you trust us at Insurance Shops to help assist in the shopping process. Contact us today to inquire about purchasing a critical illness coverage plan.
