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Article: Critical care: as more Americans contend with serious illnesses, insurers are trying to dispel misconceptions and show how critical insurance can fill a void in traditional medical plans.(Health/Employee Benefits: Critical Illness Insurance)
- Article from:
- Best's Review
- Article date:
- July 1, 2007
- Author:
CopyrightCOPYRIGHT 2007 A.M. Best Company, 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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Adrienne Sutton's triple bypass in 2004 resulted in hospitalization for several days, loss of income when her husband took family leave to be with her, and an ongoing pile of bills. But the financial load was eased by a critical illness insurance policy that paid many of the family's expenses during her recuperation.
One of the misconceptions about comprehensive major-medical insurance is that it pays for all expenses related to a serious illness. That's not true, plus there is the additional burden of daily living expenses and monthly bills. Critical illness insurance helps fill the gap. Despite its benefits, critical illness insurance has not sold as well in ...