Critical Illness Insurance Coverage

Fully Insured Critical Illness Policy

Up to $7,500 in Critical Illness Coverage per Family Member -
combined with an Accident Policy to form the perfect complement to a Health Savings Account

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The average HSA policy holder will rarely meet the deductible on their high deductible health plan during an average year.  There are two main scenarios that would cause someone to exceed their high deductible – an accident (defined as an unexpected event that results in an injury) or a critical illness (defined as a Heart Attack, Stroke, Cancer, Renal Failure, Coronary Artery Bypass Surgery, Major Organ Transplant, ALS, Multiple Sclerosis, Alzheimer’s).

Either of these problems could result in a trip to the emergency room that could cost hundreds or thousands of dollars.  The combination of an accident plan with a critical illness policy is an ideal means for ColoHealth members to protect themselves from both of these potential costly expenses, making this coverage the perfect complement to any high deductible HSA-qualified health insurance plan.

Accident Benefits:

An accident plan will reduce your deductible for an accident to only $100.  Any benefits paid for by your accident plan will also go towards satisfying your family’s annual deductible for your HSA plan.  The critical illness option will pay either $5,000 or $10,000 directly to the covered policy holder 30 days after the diagnosis of any qualified illness, funds which can also be used to pay the deductible of one’s high deductible, HSA-qualified health insurance plan.

ColoHealth teams with from Affordable HealthCare Options (AHCO) to offer three different accident plans, each with only a $100 deductible, and all of which can be combined with Critical Illness (additional cost listed below) coverage:

$5,000 Accident coverage - The cost of this plan, individual plan $29.95 per month, while family coverage is $34.95 per month.  Includes $10,000 in accident death and dismemberment coverage. $7,500 Accident coverage - The cost of this plan, individual plan $34.95 per month, while family coverage is $49.95 per month.  Includes $25,000 in accident death and dismemberment coverage.

Critical Illness Benefits:

Diagnosis of Heart Attack, Stroke, Cancer, Renal Failure, Coronary Artery Bypass Surgery, Major Organ Transplant, ALS, Multiple Sclerosis, Alzheimer’s must occur after Limited Accident & Sickness coverage has been in effect for 90 days or more.  If member is diagnosed any mentioned illnesses, the benefit will pay the amount shown in the Schedule of Benefits for this benefit.  The covered person must be under 65 years of age and survive for a period of thirty (30) days after diagnosis.  The plan will pay this benefit only once regardless of whether the covered person is diagnosed with more than one of the covered illnesses.

$5,000 Critical Illness Plan

• $5,000 Critical Illness coverage
  
• $10,000 additional Accidental Death & Dismemberment coverage
  
• VIP Health & Wellness Savings Program (including Diabetic)
• Free 24 hour Nurse-On-Call
  
• Prescription Savings Card

Cost:

Individual add $15.00 to Accident plan price Family add $25.00 to Accident plan price

$7,500 Critical Illness Plan

• $7,500 Critical Illness coverage
  
• $25,000 additional Accidental Death & Dismemberment coverage
  
• VIP Health & Wellness Savings Program (including Diabetic)
• Free 24 hour Nurse-On-Call
  
• Prescription Savings Card
• Long Term Care Savings Program

Cost:

Individual add $18.00 to Accident plan price Family add $35.00 to Accident plan price

Get additional details and apply online by clicking the link below