Now what? Linda, age 45 has been diagnosed with a critical illness.
Linda, a very successful realtor, was suddenly diagnosed with cancer. This was very
unexpected as she had no family history of cancer. After surgery, she had to undergo
chemotherapy for six months. During that time, she was unable to work.
Fortunately, Linda at age 40, had purchased a $100,000 Critical Illness policy that
provided a lump sum benefit of $100,000 that she was able to use to cover lost wages and
even for an experimental cancer treatment.
This type of policy will also cover a medically induced coma for certain conditions such
as complications that accompany COVID-19.
Another type of critical illness is heart disease. Read more about preventing heart
disease at any age here.
Even the best health insurance may leave you with deductible and out-of-pocket costs
to meet. They are, regretfully, more common than we would like to think. Nobody can truly plan for a critical illness. However, you can prepare with reasonable actions for the unexpected. Call me today for a quote and details.
If you have recently lost your employer group health insurance, you may be given the opportunity to participate in COBRA which will allow you to continue with the employer group plan. However, it will be at a cost of approximately 50% more than the premium you paid while employed. Rather than accepting a premium you may not be able to afford, you have the option to choose an Affordable Care Act plan and may even qualify for a subsidy which reduces your premium.
During this time of social distancing, I can help you with health insurance needs from ages 2 to 102 in a Zoom online appointment. You will be able to see exactly what you would if we were to meet in person. I can help you, or others you know, who are:
It doesn’t cost as much as you may think. There are different opinions about COVID-19 and the health impact on our country. However, one thing is certain. If you became infected and hospitalized, the cost of your care would exponentially outweigh the cost of your monthly premium and the right health insurance plan. There are many reasonably priced options and plan durations to choose from.
