While most people are aware of the increasing risk of developing Cancer, 1 in 2 odds for men, and 1 in 3 for women, many times they are not aware of the devastating costs associated with this disease. In 2010 alone the total cost of Cancer was over $268 billion. Much of the costs associated with Cancer are indirect. Those costs include things like loss of income, travel, and other charges that will never be paid by even the best Health Insurance. With most Americans living paycheck to paycheck, they really aren’t prepared to deal with an extra out of pocket expense. The facts show that people with Cancer are more than 2 1/2 times more likely to go bankrupt than those without Cancer. There are many new and innovative plan designs that help pay cash to an individual when they are diagnosed with Cancer or another Critical Illness. Many of the plans include benefits for Cancer screening, which can lead to early diagnosis, prompt treatment, and better outcomes. While having a benefit that puts money back in your pocket doesn’t make the diagnosis or treatment easier, it is one less thing to worry about, during one of the most stressful times a family can go through. Like I asked one of our customers the other day: If you get diagnosed with Cancer, would you rather we send you a Get Well card, or a check for $20,000? The answer is pretty obvious, and you can purchase a policy like that for around $1 per day. Give us a call at 877-740-8683, or visit www.freedomfreequote.com , for a free personalized quote today.
Day-to-day life is complicated enough all on its own. So when you’re faced with the extra stress of a critical illness, the last thing you need to add on is financial worry. Supplemental insurance helps protect you and … your family’s finances and future.
Critical Illness Insurance not only provides benefits to help with associated expenses, but it can also give you freedom to choose a better doctor, or get the best treatment available if your major medical plan doesn’t provide enough. Do you …
KNOW THE RISKS
Men have nearly a 1-in-2 lifetime risk of developing cancer. 1
Women have a 1-in-3 lifetime risk.1
This year an estimated 770,000 Americans will have a new heart attack. 2
On average, every 40 seconds someone in the United States has a stroke. 3
KNOW THE COSTS
The total overall cost of cancer in 2007 was $219.2 billion. 4
The estimated direct and indirect 2008 cost of coronary heart disease is $156.4 billion. 5
The estimated direct and indirect cost of stroke for 2008 is $65.5 billion. 6
40 %60 %
$89 Billion $130.2 Billion
DOCTOR & (HIS) LOSS OF INCOME
HOSPITAL BILLS (HER) LOSS OF INCOME
OTHER LIVING EXPENSES
Not to mention …
COST OF EATING OUT
How would you pay for out-of-pocket expenses associated with a critical illness?
If you are like many people, you have few options:
Spend your savings.
Sell your assets.
Buy supplemental insurance to protect your family, finances and future.
We believe you need more “CASH”for personal expenses rather than more INSURANCE for doctors and hospitals.
Your benefits are paid DIRECTLY to YOU ! ! !
Critical Illness Insurance includes these important assurances:
Your benefits are paid in addition to any other insurance you carry.
You cannot be singled out for a rate increase. Your rates can be increased only if they are increased for all plans of this kind in your state.
Your benefits are never reduced.
Your policy is guaranteed renewable for life as long as your premiums are paid when due – only you can cancel.
A: Supplemental insurance is extra or additional insurance that helps you pay for out-of-pocket costs that your major medical insurance doesn’t cover. Things such as loss of income, co-pays and co-insurance, travel and lodging, etc. The benefits are paid in cash directly to you so you can use the money however you choose to pay for those unexpected expenses due to illness or injury.
Q: Do I really need supplemental insurance?
Unexpected accidents and illnesses happen. When they do, it can leave you and your family vulnerable to out-of-pocket expenses that major medical insurance does not cover. Supplemental insurance benefits give you piece of mind and reduce the worry about how you will pay for those unexpected expenses. With less worry, you can focus on getting well rather than how you will get the money to pay your light bill.
Q: What happens when I am diagnosed with a critical illness?
A: Filing a claim is easy. You will simply visit our web site to download your claim forms, or call us at 1-877-740-8683 to have them mailed to you.
Q: How can I get supplemental insurance?
A: We make it easy as 1-2-3. 1. Just call us toll-free at 1-877-740-8683. 2. We take the application over the phone in less than 10 minutes. 3. You get your policy in the mail in 1-2 weeks. It’s that easy! Our knowledgable representatives will work with you to identify your protection needs, so you have the coverage you need to help meet those needs.
Q: How do I qualify; do I have to complete a physical?
A: Most people do not have a problem qualifying for critical illness insurance, some cases you can even qualify if you cannot get major medical. There are a few health questions, and no physical is required. Generally, as long as you can answer “No” to the health questions, the coverage is issued and can become effective within 15 days from the date of the application.
Q: What services are covered?
A: Most plans pay cash for things such as:
Lump Sum benefits upon initial diagnosis.
Admission to a hospital
Family lodging for a member of the immediate family
Q: What is generally not covered on a critical illness plan?
A: Most plans will not pay benefits for the following:
Loss diagnosed or caused by another disease or sickness withing the waiting period (waiting periods vary by state)
Loss due to participating in an illegal act or working at an illegal job
Loss due to being intoxicated or under the influence of any illegal drugs or narcotics, prescribed or not
Loss due to self-inflicted injury, or while attempting to commit suicide
Loss due to war, participation in sporting events.
Exclusions and limitations vary by policies by state, so always refer to your policy or outline for applicable exclusions and limitations.
Over the years we have found there is a lot of confusion concerning Medicare Part B and COBRA. Many people think that as long as they have COBRA, they don’t need Medicare Part B. Unfortunately, the special rule for delaying Part B is based on current employment(either you or your spouse). COBRA is not considered current employment coverage. Most people are able to delay enrolling in Part B, as long as they are still working. Once the employment ends, however, the clock starts ticking. You will have 8 months to sign up for Part B without a penalty. If you wait for COBRA to end, or go past the 8 months, you can be subject to a penalty of 10% of your Part B premium for each year that you were not enrolled. And that penalty stays with you as long as you have Medicare. Even more important, if you miss that deadline, you would have to wait until the next General Enrollment Period(from January 1st until March 31st each year), and your Part B coverage wouldn’t start until July 1st. This could have devastating consequences if a serious illness were to strike during that time. Another important thing to remember is that your Medigap Open Enrollment Period begins when you are both 65 and enrolled in Part B. This is a one time opportunity to purchase a Medicare Supplement policy, regardless of your health conditions. Some people go back to work, or get on a spouse’s current employment coverage, after enrolling in Part B. At this time, you may be able to disenroll from Part B, and enroll at a later time(such as when that employment ends), without a penalty. This can sometimes be a good strategy, but it is important to remember that your Medigap Open Enrollment doesn’t re-start. With more people working longer, delaying Social Security, or Part B, it more important now than ever to have good advice on your Medicare choices and deadlines. Please call at 877-740-8683, for a personal review of your situation.