Google+

Batten Down the Hatches: How to Make Sure You’re Financially Ready for a Health Crisis

Do you know how to make sure you’re financially ready for a health crisis? Read on. 

Nobody wants to experience a major illness or disability, but the fact is that anyone can be hit at any time. “I’ll do it later” isn’t good enough when a car happens to swerve into the wrong lane, or when someone collapses on the job because his heart is going crazy. Whether an issue can be rectified with time and care or it becomes a permanent condition, it forever changes every aspect of that person’s life. If he wasn’t prepared beforehand, there’s almost nothing to be done after the fact. That’s why things like critical illness insurance are so important. Preparation is not that expensive, and it makes the unexpected a little easier to deal with.

Heart Disease Statistics

According to the CDC, 785,000 Americans experience their first coronary attacks per year, and nearly 616,000 people die of heart disease. It’s the leading killer of both men and women; it’s responsibly for one quarter of all deaths within the United States. Studies have also shown that 45,000 people die per year because they don’t have health insurance, and the number of people who suffer financial ruin because they’ve had heart attacks but managed to live is astronomical for a first-world country.

Prevention is the best cure, but it’s not going to work for everyone. People love to pin heart disease on laziness and poor diet, but there are genetic factors that can make it nigh unavoidable for a certain segment of the population. There are also environmental factors that can contribute to it, and the net result is that no one is guaranteed to avoid it.

Critical Illness Insurance Does More Than Pay the Bills

While a health crisis takes an exceptional toll on a family’s finances, it can easily lead to death even for treatable conditions. Someone without insurance has almost no chance of getting a heart transplant, but critical illness insurance will make it so that he at least gets put on a waiting list. It also means that if someone needs another kind of major surgery in order to live, he’ll be able to get it. These are things that almost no one could pay for with savings alone; medical costs are ridiculously high for routine things, and life-saving surgeries can cost tens of thousands of dollars. There’s no way for the average family to adequately prepare with their resources alone.

Preparation is Simple

Luckily, critical illness insurance is not hard to acquire for most, it just needs to be done early. It can cost as little as $180 per year for a non-smoking male in his 40s, and the prices plummet for younger individuals. Beyond that, certain policies come with a guarantee of low rates for a certain number of years, and those who purchase policies in their 20s pay less than anyone else over the long-term.

People who need critical illness insurance should follow the same protocols as they would when buying other types of insurance. They should get quotes from multiple companies, they should talk to people who have purchased the services of various companies and they should talk to as many people within the field as they can. It’s not very difficult to find reputable people within the ranks of organizations that provide critical illness insurance, but people who do their due diligence are always better off for it. Dealing with illness is tough, but the right critical illness policy can ensure that a family is able to get back on their feet under any circumstance.

 

About the Author

Katie Pierce writes for insurance blogs such as kanetix.ca where you can learn more about critical illness coverage.

Entertainment

Prodigal Daughter Tries to Reconcile with Estranged Dad in Haunting Parable of Biblical Proportions

  The Levelling Film Review by Kam Williams Prodigal Daughter Tries to Reconcile with Estranged Dad in Haunting Parable of Biblical Proportions It's not very clear whether Harry Catto's (Joe Blakemore) death was a murder or a suicide. One thing's for certain, though. It wasn't merely a mishap, because nobody accidentally sticks a gun in his own mouth and pulls the trigger. The cops suspect that he killed himself, but his father (David … [Read More its Good for You.....]

Books

The President’s Kitchen Cabinet

  The President's Kitchen Cabinet The Story of the African-Americans Who Have Fed Our First Families, from the Washingtons to the Obamas by Adrian Miller University of North Carolina Press Hardcover, $30.00 292 pages, Illustrated ISBN: 978-1-4696-3253-7 Book Review by Kam Williams “[This opus] vividly tells the stories of the African-Americans who worked in the presidential food service as chefs, personal cooks, butlers, stewards … [Read More its Good for You...]

Art

The Day After the Day Of

  The Day After the Day Of by Paul Ilechko   The sky sheds its tears. This morning is the morning of the day after. The day of mourning, the day after the day of.  I beseech the sky to shed tears in order to wash away the tears on my face.   This is the first day of the time after. This is the beginning of a new time, the days of pain, the days of sorrow. We are in mourning. The sky looks down and sheds its tears for … [Read More its Good For You...]

Real Estate

History Being Sold to the Highest Bidder

  History Being Sold to the Highest Bidder by Amy Lignor   For the longest time, scientists and archaeologists have been confused and bemused by various discoveries they’ve unearthed that offer little or no explanation as to the who, what, and why of the people who created these things or left them behind. Even now, in 2017, there are discoveries being studied; stories that were once legends now have actual bits of proof being found that … [Read More its Good for You.....]

Lifestyle

Badinage with Brother Hodge!

  Aldis Hodge  The “Underground / Hidden Figures” Interview with Kam Williams Badinage with Brother Hodge! Aldis Hodge is perhaps best known for his role as Alec Hardison on the TNT series Leverage which nabbed a People's Choice Award in 2013, in addition to his role as MC Ren in  Straight Outta Compton. Furthermore, he starred in the Amazon pilot The After and enjoyed a recurring role on the AMC Revolutionary War drama Turn: … [Read More its Good for You...]

Outdoors

Lowrance Continues to Dominate After 60 Years

  Lowrance Continues to Dominate After 60 Years  For six decades, the iconic brand Lowrance has led the fishing and boating industries in product innovation and customer service, supported professional anglers around the globe and dominated the tournament trail. But how did it all begin? Founded by Darrell J. Lowrance, the company revolutionized the fishing industry with the design and manufacture of the original FISH LO-K-TOR – the … [Read More its Good for You...]

Sports

Will NASCAR Theatrics Bring Back Viewers?

  Will NASCAR Theatrics Bring Back Viewers? by Amy Lignor   For any of the millions who once watched ABC’s Wide World of Sports and heard the words “the thrill of victory and the agony of defeat,” they remember the footage of a skier’s crash when it came to the “agony” side of things. Everyone knew that sight was a fact – a video that was absolutely real. Nowadays, however, it seems that more and more sports are “making up” shots that … [Read More its Good for You...]

Business

How Are Retail Sales in 2017?

  How Are Retail Sales in 2017? E-Commerce Reigns by Amy Lignor   Despite consumer uncertainty, as well as a very sluggish beginning to 2017, the U.S. retail sales industry is projected to increase 4% this year. Headlines show that many retailers and companies posted “soft” holiday sales to end 2016, which caused some notable retailers to either cut jobs or close stores as a result. However, when it comes to 2017, the National … [Read More its Good for You...]

Travel

Where to Vacation? Go Big or Stay Home!

  Where to Vacation? Go Big or Stay Home! by Amy Lignor   We speak about luxury vacations, budget vacations, vacations that are fun for the kids, and many more areas of travel at this time of year. But there is also a category that many do not touch upon because they “assume” it is far too difficult for those on a budget to be able to enjoy these jaw-dropping wonders. However, whether you are a backpacker looking to “become a … [Read More its Good for You...]

Green Living

Creating the Perfect Vegetable Garden

  Creating the Perfect Vegetable Garden by Amy Lignor   Many are still dealing with that wintery mix Mother Nature just loves to toss down from the sky this time of year. Yet, that gardener living inside the soul – the one just dreaming of the sunny skies and lazy rainy days that are must-haves in order to grow the best vegetables possible – is already jotting down the facts, tricks and tips they need to know in order to make that … [Read More its Good for You...]