2020 marks the 10th anniversary of National Critical Illness Awareness Month, recognized annually in October.
This year over 1.8 million Americans will be diagnosed with cancer[1]. Some 790,000 individuals will have a heart attack and almost as many will have a stroke[2]. These critical illnesses can leave many in financial ruin – as high deductibles, copays, and coinsurance add up.
As clients offer benefits enrollment in the Fall, October is an ideal time to highlight the ancillary products like critical illness that can play a pivotal role in a member’s healthcare solution, by offering them financial support when they need it most.
EssentialCare Group Critical Illness[3] pays a lump-sum benefit upon diagnosis of a covered illness or life-changing health event. Employees can use payments to pay for major medical copays and deductibles, or additional expenses like transportation, child care, and more to help fill gaps in their healthcare coverage. EssentialCare Group Critical Illness includes:
- Coverage for up to 35 adult and 8 childhood illnesses, plus support service coverages including wellness, dependent adult and child care, and more
- Modular, adaptable plan designs that can be tailored to complement client need and underlying major medical
- Easy administration with a simple RFQ process, best-in-class administration and claims adjudication
- Award-winning, first-of-its-kind mental health rider that provides coverage for a severe mental illness event
For more information, contact BCS today, or visit essentialcare.com.
[1] Cancer.org, 2020 Facts
[2] Heart Disease and Stroke Statistical 2020 Update, American Heart Association
[3] Coverage for the Critical Illness plan underwritten by BCS Insurance Company is considered guaranteed issue provided: 1) the employee is actively at work; and2) the employee and all covered dependents are enrolled in a major medical health plan that meets minimum essential coverage requirements as provided under the Affordable Care Act (ACA).
ESSENTIALCARE PRODUCTS ARE LIMITED BENEFIT POLICIES—READ YOUR POLICY CAREFULLY. THESE POLICIES ARE NOT MAJOR MEDICAL INSURANCE AND ARE NOT INTENDED TO BE A SUBSTITUTE FOR MAJOR MEDICAL COVERAGE.
BCS EssentialCare insurance is underwritten by BCS Insurance Company, OH (Administrative Offices: Oakbrook Terrace, IL). See policy documents for a complete description of benefits, exclusions, limitations, and conditions of coverage. Not all benefits available in all states. Features and availability vary by location, and are subject to change. Some products may be pending regulatory approval in certain states.
