Critical Illness Benefits
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Critical illnesses are on the rise and many employees are unprepared for the financial burden. A stroke, heart attack or cancer treatment can mean time away from work. In addition, out-of-pocket costs can cause a significant drain on an employee's finances. Having critical illness coverage provides extra financial protection ─ so employees can focus on getting better.
Offering Critical Illness Coverage can Show Employees You Care
Critical illness insurance can be a great complement to your current benefits plan ─ especially high-deductible health plans. It can provide a cash payment to help employees deal with the unexpected costs of a serious illness. Many critical illness plans also offer wellness benefits. When employees take an active role in their health, they are more likely to avoid the incidence
of a serious illness.
It Also Offers These Convenient Features:
► A single plan design option ─ You can provide consistent benefit messaging to employees across all locations
► A choice of funding ─ Employee-paid, employer-paid or shared funding options help you meet budgetary needs
► Easy integration with other plans ─ One claim form triggers service for multiple benefits, which helps reduce
employer administration time
► Budget-friendly payroll deduction ─ You can offer the benefit to employees without extra billing
Help Ease the Financial Impact of Critical Illness
Critical illness coverage is a valuable supplement to existing benefit plans.
|Critical Illness Benefits
| Short Term Disability Benefits/
Long Term Disability Benefits
|Time off work due to disability (for illustrative purposes only)
Did you know?
• More than 3.3 million American workers have cancer annually. This results in more than 33 million disability
days per year, translating to $7.5 billion in lost productivity. 1
• Approximately 90% of all disabilities are caused by illnesses rather than accidents. 2
1 Derek H Tang et al, "Health Care Expenditures, Hospitalizations and Productivity Associated with Cancer in US Employer
Settings," Journal of Occupational and Environmental Medicine (Vol 54, no. 12, 2012)
2 Council for Disability Awareness (http://www.disabilitycanhappen.org/chances_disability/disability_stats.asp),
"Chances of Disability: Me, Disabled?" (2012; accessed Oct 29, 2012)