By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    physical health
    5 Ways Playing Games Can Improve Neural and Physical Health
    September 9, 2022
    Reasons For Hair Loss and Its Treatment
    Reasons For Hair Loss and Its Treatment
    February 16, 2022
    healthcare organization
    5 Actionable Strategies For Healthcare Organizations
    August 15, 2022
    Latest News
    7 Most Common Healthcare Accreditation Programs: Which Should You Use?
    August 20, 2025
    Hospital Pest Control and the Fight Against Superbugs
    August 20, 2025
    Hygiene Beyond The Clinic: Attention To Overlooked Non-Clinical Spaces
    August 13, 2025
    5 Steps to a Promising Career as a Healthcare Administrator
    August 3, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    4 Reasons Chris Cornell’s Death Raises Medical Ethics Questions
    December 19, 2018
    What If You Could Sell Your Vote?
    August 24, 2017
    The Sleepy American
    September 12, 2017
    Latest News
    How Social Security Disability Shapes Access to Care and Everyday Health
    August 22, 2025
    How a DUI Lawyer Can Help When Your Future Health Feels Uncertain
    August 22, 2025
    How One Fall Can Lead to a Long Road of Medical Complications
    August 22, 2025
    How IT and Marketing Teams Can Collaborate to Protect Patient Trust
    July 17, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Guide on Critical Illness Insurance
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Policy & Law > Health care > Guide on Critical Illness Insurance
Health carePolicy & LawPublic Health

Guide on Critical Illness Insurance

James Wilson
James Wilson
Share
6 Min Read
SHARE

  If you are a young and healthy person, it is likely that you have never heard of critical illness insurance. People who are older or currently suffering from a critical illness may also be unfamiliar with these policies. However, if an emergency were to happen where you become the victim of a heart attack, stroke, cancer or other critical illness, a critical illness policy may be your saving grace. If such an illness were to occur, a standard health insurance plan won’t be able to cover all the costs. It?s something that catches people out every day, they assume they are covered by their current policy and are hit with surprise costs. Thankfully, you?re reading this article and so you at least have the information to consider. Continue reading this guide on critical illness insurance to find out what it is and if you need it.

Contents
  • What is Critical Illness Insurance?
  • How to Get the Best Critical Illness Insurance
  • Is it Worth It?

What is Critical Illness Insurance?

Like life insurance, health insurance is something everyone should have. Different people will need different policies and benefits. One type of coverage that often overlooked is critical illness insurance. This type of insurance providers coverage to people who suffer from critical illnesses such as heart attacks, strokes, cancer, organ transplants and more. These illnesses require extensive treatments and medical care that standard medical insurance can’t cover. That means a good portion of the costs will come out of your own pocket. Critical illness insurance can cover what traditional health plans won’t. Like other policies, a critical illness plans pricing is impacted by a variety of factors such as age, health and family history. Take time and speak with a professional to make sure you understand the policies and your options. Some types of cancer and chronic illnesses may not be covered. Ongoing care and assistance is another factor that people don?t consider. For example if you are left partly incapacitated or needing extra assistance due to your illness this might not be covered. Nurses to your house, helpers to allow you to function and physiotherapy aren?t always covered under your core medical insurance. There are many recorded cases of people taking on serious debt, losing their home and even going bankrupt from unexpected medical expenses. Therefore if you don?t take out insurance for these costs at least make sure you have substantial savings.

How to Get the Best Critical Illness Insurance

Figuring out how to find, compare and purchase critical illness insurance is a somewhat difficult task. Not all companies offer critical health insurance and many people are not even aware it exists. You might need to call up insurance companies to ask if it?s something they offer. Because of the amount of factors that go into generating a quote for critical illness cover, getting a side by side comparison isn?t simple. Just as you would compare life insurance premiums, you will want to compare critical illness policies. Financial advisers and insurance companies will be able to help you find what you need to do comparisons. It may be best to work with an adviser because they don’t usually have fees for finding this information, and they are more than willing to help get you what you need because they get commissions upon purchase. If you have previously been turned down for insurance, look into speaking with a professional who specialises in high risk coverage. Be honest about your health history and any other questions an insurer might ask. This is really important because if you omit information and have to make a claim it can invalidate your whole policy. Like always, read the fine print before making any decisions. If you already have medical insurance you necessarily need to change your entire policy. Some insurers are able to sell you just the critical illness as a separate policy. In the unfortunate event that you would need to make a claim, the main coverage would stay on your main policy and the extra treatment on your critical illness policy.

Is it Worth It?

There are risks associated with insurance. You can’t possibly know what will happen in your future and will find yourself wondering how much coverage you need, what policies would be best, and how much you may end up paying out-of-pocket for critical illness. Take into account your current health and family history. If you know that in the event of an emergency you would never be able to pay for the out-of-pocket expenses a standard plan won’t cover, critical illness insurance is for you. Most people don?t consider this type of cover until they are older, but that?s actually the opposite of what you should do. The reason being is that if you are unfortunate enough to be hit with a critical long-term illness at a younger age, the overall cost of care will be much higher.

More Read

Tackling the Side Effects of Parkinson’s Treatment
HealthCare.gov’s Security Issues: Did Government Put ePatients’ Health Data Privacy at Risk?
Benchmarking: The Case for Looking Outside the Healthcare Box
Managed Care Isn’t New, But Our Healthcare Perspective Might Be
Finding Information in Healthcare Exchanges
Share This Article
Facebook Copy Link Print
Share
By James Wilson
James is a freelance writer and blogger. He loves to write on wellness, tech and E-Health.

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

travel nurse in north carolina
Balancing Speed and Scope: Choosing the Nursing Degree That Fits Your Goals
Nursing
September 1, 2025
intimacy
How to Keep Intimacy Comfortable as You Age
Relationship and Lifestyle Senior Care
September 1, 2025
engineer fitting prosthetic arm
How Social Security Disability Shapes Access to Care and Everyday Health
Health care
August 20, 2025
a woman explaining the document
How a DUI Lawyer Can Help When Your Future Health Feels Uncertain
Public Health
August 20, 2025

You Might also Like

Student-Run Clinics: Enhancing Med Student Education by Helping the Community

October 12, 2012
Minimizing Nursing Injuries: A Policy-Based Approach
Health care

Minimizing Nursing Injuries: A Policy-Based Approach

August 18, 2018

Immigrant Lobby in Vermont Quick to Deride Single-Payer Bill

May 2, 2011

What Can We Learn from the UK Health System?

January 22, 2015
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?