Critical Care

K. B.
January 2009
Employee Benefit News;Jan2009, Vol. 23 Issue 1, p21
The article discusses several issues facing employers when talking about critical illness insurance (CI). Reasons for purchasing a policy include the increasing cost of health care, increased life expectancy and lower rates of personal savings. On average, $10,000 of coverage for a 39-year-old would cost about $4 to $5 per month. The two main types of CI policies are multiple payment and lump sum. First diagnosis benefit means a covered condition is eligible for a benefit as long as it has not been diagnosed before the policy date.


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