Guardian critical illness insurance
Critical illness insurance helps to financially support employees and their families in the event of a serious illness, such as heart attack, cancer, or stroke. The benefit goes directly to employees in the form of a lump sum payment.
Why critical illness insurance adds value to any benefits mix
Today, many Americans are turning to their employers for help with protecting their finances. Here are some reasons why:
Medical debt owed by individuals with high deductible health plans (HDHPs) caused the greatest stress
Read the Guardian Workplace Benefits Study, Benefits Optimization
Critical illness insurance is an excellent addition to the employee benefits mix, because it allows businesses to provide attractive, affordable added financial protection that responds to the needs of today without adding to their bottom lines.
Employees and their families can use critical illness insurance for any purpose, including:
- Daily expenses
- Copays and deductibles
- Mortgage/rent
- Utilities
- Medical/travel expenses
- Childcare
- Groceries
How Guardian critical illness insurance goes further
With coverage for more than 30 diseases and conditions, Guardian critical illness insurance allows employers to provide employees with added protection:
- Up to $50,000 in lump-sum coverage
- Coverage for first and second occurrences
- Guaranteed for businesses with 25 or more employees
- The option to include hospital coverage for other illnesses or injuries
The Infectious Contagious Disease Benefit* offers employees direct, comprehensive support for the unique challenges posed by COVID-19, as well as for any future pandemics where serious illness is possible.
The optional benefit pays 30 percent of the lump sum critical illness insurance benefit to insured employees in the event of a COVID-19 diagnosis that confines an employee to a hospital for five or more consecutive days. It also applies to any future strains of the coronavirus that may cause severe illness and/or hospitalization, as well as any future emergence of a severe health threat caused by a virus.
Guardian’s Wellness Benefit is a standard feature of our voluntary coverages, including critical illness insurance. The Wellness Benefit pays employees for completing certain types of routine preventive care, such as annual physicals, mammograms, and colonoscopies. Employees can then use those payments to help cover the cost of their voluntary coverages. And because our coverage is priced competitively, employees can in many cases cover the cost of voluntary insurances in full with our wellness benefit!
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