Group Critical Illness Insurance
Financial Support for Your Team
Group critical illness insurance provides employees with a lump-sum benefit if they are diagnosed with a covered serious illness. This payout helps cover medical expenses, daily living costs, or income loss that standard health plans might not fully address.
Offering this group benefit shows you care about your employees’ health and financial security, boosting morale and retention. It’s an affordable way to help your team face health challenges with confidence and less financial worry.
Why Critical Illness Insurance?
Whether you’re seeking coverage for yourself or your employees, CYA Risk Management is here to provide expert guidance and support.
Serious illnesses often come with high deductibles and out-of-pocket costs that regular health insurance may not fully cover.
Critical illness coverage offers a lump-sum benefit to help ease the financial strain, so you can focus on what matters most—your recovery.
Conditions Include
Commonly covered illnesses and procedures include:
- Heart Attack: A serious medical emergency where blood flow to the heart is blocked.
- Stroke: A disruption of blood flow to the brain, which can cause long-term disability.
- Cancer: Policies generally cover various types and stages of cancer, although there may be exclusions for less severe cases.
- Organ Transplant: Procedures involving the transplantation of major organs such as heart, lungs, liver, or kidneys.
- Coronary Bypass Surgery: A surgical procedure to improve blood flow to the heart by creating new pathways around blocked coronary arteries.
- Kidney Failure: Requiring permanent dialysis or transplant.
Other conditions that may be covered in more comprehensive critical illness plans include:
- Alzheimer's Disease: A progressive brain disorder that affects memory and thinking skills.
- Multiple Sclerosis (MS): A chronic disease that affects the central nervous system.
- Parkinson's Disease: A progressive disorder of the nervous system that affects movement.
- Severe Burns: Covering a significant portion of the body.
- Paralysis: Loss of muscle function.
- Coma: A state of unconsciousness.
- Loss of Sight, Hearing, or Speech: Permanent and irreversible loss.