Employee Critical Illness Insurance
Protect your health. Protect your savings.
Protect your health. Protect your savings.
As a company that leads with values, we work to understand your priorities so we can get your employees the coverage they need for the peace of mind they deserve.
Whether you’re looking for a single policy or looking to expand your employee benefit offering for your business, our approach to finding solutions is more individual and less institutional. We design custom coverage on day one and deliver year-round value with our Day Two Services®. Committed to both transparency and authenticity, our goal is to exceed your expectations every time—for a lifetime.
To learn more about how our values-based approach drives value for you and your employees, click here.
Or visit our Insights page to learn more about what critical illness insurance covers.
Give us a call today to find out more about what Higginbotham can do for your business.
We had worked with a small broker who handled our renewal each year. I never got the feeling he was working for us. We knew we needed someone to look out for our best interest, and they saved the day.
At Higginbotham, we start with listening and end with customized solutions.
After taking the time to get to know you by name, need and nuance, we present options for critical illness coverage designed to help with your employees’ medical costs incurred because of a significant health emergency.
Some examples of covered conditions include:
This list isn’t exhaustive. Some of these conditions may not be eligible for coverage in certain instances, and pre-existing conditions are not eligible for coverage.
A critical illness policy will extend coverage for a broad spectrum of health emergencies in most cases. If you or a dependent is diagnosed with an eligible condition, the benefit payments from a critical illness policy can be quite flexible. There are more eligible expenses not covered on this list.
While many policies place strict limitations on eligible expenses, critical illness insurance lump sum benefits can be applied to a wide range of costs, including:
Assuming you’re diagnosed with a condition covered by your critical illness policy, benefits are typically paid in a lump sum payment.
Coverage limits can vary considerably, typically topping out around $100,000 on a standard policy.
Critical illness plans are almost always offered as voluntary coverage, with the employee assuming full responsibility for the cost.
Though specific exemptions will vary from policy to policy, most have exclusions for certain types of cancer and select chronic illnesses. In some cases, a recurring illness may not be eligible for a second payout if a claim was made in the past.
From those who are young and in good health to those who are nearing retirement with a long history of medical issues, critical illness insurance can be a wise investment.
Considering that outstanding medical bills are listed as one of the most common causes of bankruptcy in the United States, this may be a coverage your employees can’t afford to skip.
Carrying this coverage can help give them the peace of mind knowing they’re prepared in the event they become too sick to work.
A great plan starts with a conversation. Let’s talk about what you need.