What Is Critical Illness?
Critical illness is a serious health condition that has a debilitating effect on the patient’s lifestyle and requires a large sum of money for treatment. It includes major cancers, kidney failure, paralysis, stroke, heart attack, Alzheimer’s disease or severe dementia, HIV, liver disease, lung disease, and other serious sicknesses that inhibit the patient’s state of health and overall wellness. Critical illness is most likely to cause loss of income due to the patient’s inability to work.
As the cost of medical treatment continues to rise, it becomes a wise decision to get critical illness insurance. To cater to sudden severe and debilitating illnesses, which could drain savings within a short time, it is expedient to subscribe to the right medical insurance to save cost and improve the chances of survival due to access to the best medical treatment possible.
These days, health insurance is not enough to cater to some illnesses. Consequently, critical illness insurance offers extra protection to meet the rising cost of treating debilitating diseases. In addition to helping to pay for the cost and care of special treatment and recovery aids, critical illness insurance can also pay for lost income during the time of the illness.
Why You Need to Consider Getting Critical Illness Insurance
It is crucial to consider getting critical illness insurance for several reasons as explained below.
The Seriousness of Critical Illnesses
Critical illnesses are severe and debilitating. And there has been a significant rise in the occurrence of these illnesses recently leaving several people due to expensive treatment and care involved. Besides, critical illnesses result in a change in lifestyle, loss of income, and sometimes, permanent disability.
The financial burden for the treatment and recovery aids of critical illnesses is so severe that an indemnity health insurance plan cannot cover it. Only critical illness insurance can handle substantial medical cost in addition to the provision of a lump sum compensation to meet the patient’s everyday expenses. The associated medical expenses can wipe out life savings within a few weeks.
Getting critical illness insurance is vital to meet the expensive cost of care and recuperation. Also, critical illness insurance takes care of adjusting to a new life after the debilitating effects of the illness. If the illness results in permanent disability, the policy will cater to it and enable the patient to adjust to new life without hassles.
Nobody hopes to have a critical illness, but you cannot tell. It is best to be on the safe side by subscribing to critical illness insurance before experiencing the illness. Critical illness insurance is the solution to meeting the challenges of sick illnesses.