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Article: Critical illness insurance fills gaps left by other coverage cuts.(Benefits Management)
- Article from:
- Business Insurance
- Article date:
- February 27, 2006
- Author:
CopyrightCOPYRIGHT 2006 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Joanne Wojcik
Critical illness insurance is becoming increasingly popular as employers shift more of the cost of health care onto workers through higher deductibles and coinsurance, experts say.
When such policies were first offered, they mainly provided indemnity payments to individuals who were diagnosed with cancer, but over the years the coverage has been expanded to include as many as 10 different conditions, or the so-called "dread diseases.''
The list of dread diseases include heart attack; stroke; kidney failure; coma; coronary artery bypass; loss of sight, speech or hearing; major organ transplant; various forms of paralysis; ...