Critical Illness Insurance complements your medical and disability income coverage, easing the financial impact by covering some of your additional expenses.
Thanks to advancements in modern medicine, chances of recovery from a critical illness like a heart attack, cancer, or stroke have greatly improved.
Although most medical plans provide coverage for hospital and medical expenses arising from critical illnesses, there are still many expenses that are not covered, such as medical co-pays, transportation to treatment centers, childcare, and more—could your nest egg withstand the financial impact?
That's why MetLife offers Critical Illness Insurance. If you experience one of the covered conditions within any category and meet all the group policy and certificate requirements, you will receive a lump-sum payment to use as you see fit. You can apply for a category benefit amount of up to $10,000. You may also have the opportunity to apply for $10,000 to $100,000 of additional critical illness insurance coverage by answering a few more medical questions. This payment can help keep your family finances on track should you experience a covered condition.Covered conditions include certain:
- Certain cancer-related conditions
- Certain heart-related conditions such as heart attack, stroke, coronary artery bypass
- Certain other conditions such as major organ transplants (other than bone marrow), and kidney failure
MetLife Critical Illness Insurance policies feature:
- Enhanced coverage to traditional medical plans, consumer-driven health plans, and disability income coverage
- A lump-sum benefit payment to use as you see fit
- Dependent coverage for your spouse/domestic partner and children
- Additional occurrence benefit
- Convenient payment options
- Few medical questions
- No obligation to submit expense receipts
- Coverage that can go with you if you leave your employer under certain circumstances
MetLife's critical illness insurance pays a lump-sum benefit payment you can use to help bridge the financial gap between what your existing medical insurance covers and the additional expense associated with certain critical illnesses. The payment can be used at the discretion of the insured to help pay for such things as:
- Medical co-pays and deductibles
- Prescription drug co-pays
- Mortgage and rent payments
- Utility payments and other household bills
- Out-of-network treatments
- Childcare bills
- Car payments
- Travel to treatment centers
If you would like to know more about Group Critical Illness Insurance or have specific questions about your coverage and options, please contact your company’s benefits administrator.
