Critical Care Insurance Makes $ense!
Recently I discussed Long Term Care Insurance, and how many of us could very possibly need help with some of the “activities of daily living” (ADL’s) in our later years. Some folks will need care simply as a result of aging. But what if you should experience a serious health condition and require a lengthy period of recovery and assistance?
Thanks to advances in medical treatment, the odds of surviving a life altering critical condition are better than ever. Americans are living longer lives than any time in our History. Life after Alzheimer’s, stroke, cancer, heart attack, coronary by-pass surgery, kidney failure, or paralysis, typically requires constant care from others, sometimes for months or years! Surviving such an illness can bring serious financial and emotional hardships to those involved.
Major Medical insurance or Medicare will help with much of the medical expenses for treatment. But what if your recovery causes you to spend an extended period in rehab? What about the costs incurred for time spent in an assisted living facility or a nursing home? Medicare will only cover a very short term after being hospitalized, and most Major Medical Insurance plans exclude long term care assistance from coverage.
A 2011 study reveals that Alzheimer’s, stroke, and cancer represent over 70% of Long Term Care claims paid. Another report in 2010 stated that cancer, heart attacks and strokes represented 80% of new Critical Illness claims. A Critical Care Plan will pay cash if you experience or are diagnosed with these and other serious health conditions. It will also pay a monthly benefit if the covered health condition leads to time spent in a rehab center, or confinement in an assisted living facility or nursing home.
Cash benefits will be paid directly to you, regardless of any other insurance you may have. The money can be used however YOU decide. Some examples are: help with income loss, household expenses, rehabilitation costs, travel for treatment, lodging, alternative treatment options, lifestyle changes, and insurance deductibles and coinsurance. You do not need to account for how you spend these funds!
These plans are very affordable and more inexpensive the younger you are when you apply. Critical Care Plans are subject to certain medical underwriting qualifications, so be sure to apply while you are eligible. There are multiple options for the amounts of benefits to choose, the length of term for your coverage, and for which health conditions to request protection. Contact a licensed health insurance agent for all of the details at AustinHealthPlans: (512) 535-3556. You can also send an e-mail request for additional information to: firstname.lastname@example.org . Your family may thank you someday for your prudent forethought!