Critical Illness Insurance
Why Your Health Insurance May Need a Boost
No one is immune to getting seriously ill, not even a physician. You have worked hard to become financially secure. But even a comprehensive health insurance policy doesn’t cover everything. A serious illness could quickly wreak havoc on your finances.
High deductibles, co-pays, the cost of out-of-network specialists, and other unexpected expenses can quickly add up. Critical illness insurance when combined with health insurance, can help cover the gaps in your health insurance and help protect your family from financial hardship.
Critical illness insurance can help eliminate some of the financial stress during an illness. A critical illness policy from TMA Insurance Trust will provide a lump-sum, tax free cash payment of up to $250,000 sent directly to you. The plan is issued by The Prudential Insurance Company of America.
Once you are covered, if you are diagnosed with cancer, heart attack, stroke, Alzheimer’s disease, or any of the other conditions covered by your policy, you will receive your payout. Benefits are paid upon diagnosis and there is no need to submit proof of expenses.
If you are a TMA member under age 65, you, your spouse and your dependent children are eligible for this valuable coverage.
TMA members under age 65 can apply for The TMA Member Critical Illness Plan issued by The Prudential Insurance Company of America at any time online. To get started, click below.
The TMA Member Critical Illness plan issued by The Prudential Insurance Company of America provides TMA members under the age of 65 a cash benefit to supplement your existing medical insurance and is usable in any way you choose, including to offset deductibles or copays, prescriptions, travel to treatment centers, or you could just use it to help pay off other bills and household expenses. Whatever bills you have to pay, you can use your benefit to help cover any medical and non-medical expenses.
Critical illness insurance is like a supplement to your rainy day fund that can help preserve your savings and stretch your budget during a serious illness.
Critical illness insurance may help bring added peace of mind when added to your portfolio of insurance protection for you and your family. TMA Insurance Trust recommends you also think about long term disability insurance. While critical illness insurance will give you a lump sum of money for your covered illness or illness-related disability, long term disability insurance will provide an ongoing monthly income while you’re recovering.
TMA Insurance Trust advisors can walk you through your options to help you determine the right coverage that best suits your individual needs.