Health Insurance

Health insurance helps cover the cost of medical care, including doctor visits, hospital stays, prescriptions, and preventive services, so you’re protected from high out-of-pocket expenses.

HEALTH INSURANCE

Critical Illness Insurance

Critical illness insurance, also known as catastrophic illness insurance, helps protect you and your family financially if you're diagnosed with a severe health condition, such as a heart attack, stroke, or cancer. It can prevent you from draining your emergency savings to cover expensive medical bills, offering peace of mind during challenging times.

What Does Critical Illness Insurance Cover?

This type of insurance covers major health events, including heart attacks, strokes, cancer, organ transplants, and coronary bypass surgery. The lump sum payment you receive from the policy can be used to pay for medical expenses not fully covered by your health insurance, as well as for non-medical costs such as child care, lodging, and transportation.

How Much Will You Receive?

The payout amount varies based on the specific condition and the terms of your policy. Factors like your coverage level, age, health, and gender will influence how much you receive. It's important to carefully review your policy, as it may not cover multiple occurrences of the same condition or could end at a certain age.

Advantages of Critical Illness Insurance

This insurance provides crucial financial support during a health emergency, offering payments that are separate from your health insurance. If you have excellent health coverage, you may receive more than your medical expenses, allowing you to cover everyday living costs like mortgage payments or transportation. With low monthly premiums, critical illness insurance can be a cost-effective safety net, especially when purchased through an employer.

Who Should Consider Critical Illness Insurance?

This coverage is ideal for individuals with a family history of major health conditions, those aged 40 or older, or anyone without a health savings account (HSA) to cover emergencies. If you already have life insurance, you may be able to add a critical illness rider to extend your coverage.

Not sure if critical illness insurance is right for you?Let’s talk about your needs and budget to help you make the best decision.

HEALTH INSURANCE

Hospital Indemnity Insurance

Hospital indemnity insurance is a supplemental health plan designed to assist with costs when you're hospitalized. Unlike your regular health insurance, which has a deductible and coinsurance, hospital indemnity provides a fixed benefit immediately when you're admitted to a hospital.

How Does Hospital Indemnity Work?

Hospital indemnity insurance offers a set payment for each day you're hospitalized, regardless of your health plan's coverage. This money can be used to cover out-of-pocket costs like coinsurance or deductible payments, or you can keep the benefit to help with any medical expenses. It's separate from your regular health insurance plan and acts as additional financial support.

This plan pays a fixed benefit if you’re admitted to a hospital, stay overnight, or need intensive care. Some plans may also cover emergency room visits or outpatient services, with certain plans offering payments for specific conditions. Critical illness coverage can be a good addition if you're seeking protection for particular health events.

You can purchase an individual hospital indemnity plan or add family members, depending on your policy. Be aware that there might be waiting periods or eligibility requirements for additional coverage.

Advantages of Hospital Indemnity Insurance

Hospital indemnity insurance helps cover the out-of-pocket costs that health insurance doesn't fully cover, such as deductibles, copayments, and coinsurance. While your primary health plan takes care of medical bills, hospital indemnity can ease the financial burden of unexpected hospital stays, making it easier to manage out-of-pocket expenses.

Who Should Consider Hospital Indemnity Insurance?

Hospital indemnity insurance is ideal for:

Those who expect to be hospitalized or have family members with ongoing health issues.
Individuals with limited health insurance coverage for hospital stays, looking for extra protection.
People who may struggle to cover the costs of an unexpected hospital visit and want to strengthen their emergency funds.

Hospital indemnity insurance is a valuable supplement to your existing health plan, helping you manage unexpected medical costs and providing additional financial security.

Not sure if Hospital Indemnity insurance is right for you?Let’s talk about your needs and budget to help you make the best decision.

Empowering everyday people to make smart, secure decisions for their future.