Supplemental Insurance
Critical Illness Insurance
Critical illness insurance pays a lump-sum cash benefit directly to the employee upon diagnosis of a covered condition — cancer, heart attack, stroke, kidney failure, major organ transplant, and others depending on the policy. The employee uses the benefit however they need: paying the mortgage, covering treatment travel, or replacing lost income during recovery.
Supplemental Insurance
What You Need to Know About Critical Illness Insurance
Lump-Sum Cash at Diagnosis
Unlike health insurance that pays providers, critical illness pays the employee directly at the point of diagnosis — before treatment costs accumulate and before any income loss begins. This gives employees immediate financial flexibility when they need it most.
Covered Conditions
Coverage typically includes life-threatening cancer, heart attack, stroke, kidney failure, major organ transplant, and paralysis. Some policies cover additional conditions. Understanding what's covered — and what's excluded — is important when evaluating policies.
Paired with High-Deductible Plans
Critical illness coverage is especially valuable for employees enrolled in high-deductible health plans. A cancer diagnosis on an HDHP can mean $5,000–$10,000 in deductibles and out-of-pocket costs before the plan's coverage kicks in — exactly what the critical illness benefit is designed to address.