About Critical Illness Insurance
Critical Illness insurance from Allstate Benefits can help protect the budget so everyone can focus on recovery.
Core health insurance doesn't always cover all the costs associated with a critical illness diagnosis and treatment. And it certainly doesn't help pay personal expenses that may accrue during recovery. Critical Illness Insurance can help, by paying cash benefits for a covered diagnosis in addition to any other insurance already in place. And, the cash benefits can be used for anything from hospital bills to groceries – there are no restrictions. Plus, through our relationship with the American Cancer Society, we offer resources and support to our insureds who have been diagnosed with cancer.
How Critical Illness Insurance Works
Critical Illness Insurance provides benefits when a covered person is diagnosed with an eligible condition like heart attack, stroke, major organ transplant, end stage renal failure or coronary artery bypass surgery. People with this coverage submit claims after diagnosis and/or treatment, and benefits are paid for approved diagnoses and procedures based on a pre-determined schedule of benefits. Employers may choose to add certain cancer diagnoses and other medical conditions to their employees' coverage. Benefits are paid whether further medical treatment is received or not.
Features and benefits
- Configurable plan designs
- Annual Wellness Benefit available
- Coverage available for spouse and children
- Benefits are paid directly to the covered person without spending restrictions
- Coverage can be continued as long as premiums are paid to Allstate Benefits
- Specialized resources and support for our insureds diagnosed with cancer and Parkinson's disease
Meet John
John wakes up in the hospital and doesn't remember how he got there. His doctor tells him he had a heart attack. John spends three days in the hospital.
The total cost for John's treatment comes to $26,000. With his deductible and coinsurance, John's out-of-pocket expense is $8,675. He files a claim through his Critical Illness Insurance from Allstate Benefits and receives a benefit payment of $15,0001. That payment covers his out-of-pocket costs and leaves him $6,325 to spend however he wishes.
Disclaimers and notes
1This is an example of the total benefits that might be paid. The benefits shown are for coverage that includes $15,000 basic benefit amount under policy GVCIP2 for most states. The benefits may vary by state and the example shown may vary from the coverage individual employers may offer. Individual experiences may also vary.
