What is critical illness insurance?

A medical emergency can strike at any time, and the financial burden that comes with it can be overwhelming. Critical illness plans aim to ease that burden by providing you with much-needed money in the event of a covered diagnosis. Learn more in our blog: https://www.peoplekeep.com/blog/what-... CHAPTERS: 0:00 - Introduction 0:27 - How does critical illness insurance work? 0:42 - When would you need critical illness coverage? 1:09 - What does critical illness insurance cover? 1:42 - How much does critical illness insurance cost? 2:17 - What are your alternatives for coverage? 2:55 - Conclusion The specific illnesses covered vary depending on the insurance provider and policy, but here are some common eligible conditions: Heart attacks Strokes Some types of cancers Renal failure (kidney failure) Major organ transplants Some policies also provide coverage for: Severe burns Paralysis Comas Loss of hearing Coronary bypass surgeries If critical illness insurance isn't the right fit for your situation, you have some alternative options - like a health reimbursement arrangement (HRA). If you're an employer looking to provide employee benefits through HRAs or stipends, PeopleKeep can help! Our personalized benefits administration platform makes managing your benefits easy. Learn more here: https://www.peoplekeep.com/ Since starting in 2006 as Zane Benefits, we've helped thousands of organizations offer affordable benefits to their employees. #criticalillness #criticalillnessinsurance #healthinsurance #healthbenefits #hra