Critical Illness Insurance

Do I need Critical Illness Insurance?

Critical Illness Insurance comes in handy in the event of a big health emergency, such as cancer, heart problems or a serious illness. Most regular Health Insurance Plans do cover these situations to a certain extent, but after the high costs of treating threatening illnesses you may exhaust your available benefits with a Health Insurance Plan. This is why Critical Illness Insurance exists, it’s meant to help you in the unique situation should a critical illness present Itself.

Contact us today to learn more about the Critical Illness Coverage Plans available for your company >

About Critical Illness Insurance

+ What does Critical Illness Insurance cover?

Critical Illness Insurance tends to pay out for the following based on a lifetime benefit.
• Coma
• Heart attack
• Life-threatening cancer
• Loss of hearing
• Loss of speech
• Loss of vision
• Major organ transplant
• Paralysis
• Renal failure
• Stroke

+ Example of How it Works

I. A Critical Illness Insurance Policy with a $35,000 maximum lifetime benefit is selected.
II. After a couple of months, the policyholder is diagnosed with an eligible medical condition.
III. Critical Illness Insurance pays $35,000 to the policyholder as they continue their rehab.
IV. Policyholder now has a potential emergency fund to cover finances during recovery time.

Frequently Asked Questions

+ How can I check to see if my current insurance is active?

You can see if your current insurance is active by visiting our Carriers Page. You can select your insurance company and the corresponding page provides you with the appropriate information to best assist you.

+ How do I make a change to my policy?

For any policy changes, contact us by calling us at (956) 724 9083. We have a 24 hour answering service. You may also Email us at Info@LaurelAssoc.com.

+ How can I learn more about my current insurance?

Visiting your insurance portal provides many perks; you can view breakdowns as well as additional coverage information about your insurance plan. We recommend visiting our Carriers Page and downloading the corresponding app for your insurance company. With the simple use of the app you can view the summary and details of your current insurance plan.

+ What is a deductible?

In an insurance policy, the deductible is the amount paid out of pocket by the policyholder before an insurance provider will pay any expenses. Some insurance claims may not be subject to a deductible, but this all depends on your insurance plan.

+ When does my Health Insurance Plan start?

Most Health Insurance Plans operate on a yearly schedule which means that they begin on January 1st and run to December 31st. This is when open enrollment comes into play which sets a period of enrollment for Health Insurance, based on what the Affordable Care Act initiated to “prevent people from waiting until they get sick or injured to go shopping for coverage.” Learn more about open enrollment >

+ What is a co-pay?

A co-pay is a fixed amount for a covered service (by your insurance), that is paid by the patient to the provider of the service. The co-pay may be defined in your insurance policy so looking at your coverage is always useful. For help with this visit our Carriers Page >