Today, many Americans are turning to their employers for help with protecting their finances. 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.
About 100 million people in the U.S. have some form of health care debt driving millions into bankruptcy.¹
The need for benefits that help employees protect both their financial and physical wellness is more important than ever. Yet employers face even more pressure to control expenses while offering competitive, comprehensive benefits packages.
Offering supplemental health benefits such as critical illness insurance can help employers stand out from competitors to attract top talent, they help protect workers' finances, and they help keep your employees healthy.
6 in 10 employers agree that supplemental health benefits help them meet employees' need for greater financial security.²
A stroke, heart attack, or cancer can come when one least expects it - and while cancer survival rates keep going up, so does the cost of treatment and recovery.3 The out-of-pocket costs for medical and non-medical expenses, such as copays and childcare, can really set your employees back financially. Critical illness insurance from Guardian pays benefits directly to employees - helping to provide important financial support while they focus on recovery. The plan pays a lump sum cash benefit based on a diagnosis of over 30 major illnesses and conditions, enabling you to provide your employees with added protection, including:
Here's an example of how it works: Bob suffered a heart attack and received a cash payment from his Critical Illness plan. Four years later, he had a stroke and got another payment. During both illnesses, his cash benefit helped pay for out-of-pocket medical costs as well as household expenses while he recovered, including mortgage and car payments.
Hypothetical example for illustrative purposes only.