Accident, Cancer & Critical Illness

At Graber & Associates, we understand the need to protect against the unpredictable. There is the mentality that “it will never happen to me” – but what if it did? How would you pay for unexpected medical costs? The answer may include supplemental insurance plans to cover accidents, cancer or critical illness.

An accident plan is an inexpensive, valuable supplement to your individual or group health insurance. Regardless of whether you have a low or high deductible these benefits are paid directly to you, separate from any other insurance you may carry.

Similarly, cancer insurance could provide you peace of mind if a family member is given a serious diagnosis. Cancer treatment costs present a significant financial burden for almost all patients. Basic health insurance alone would likely not be enough to cover them. Cancer insurance is conceptually simple, but must be researched carefully. Consider aspects such as under what conditions the policy pays benefits, if payment is lump-sum or daily, and if there is a waiting period. You should also note if a plan covers inpatient and outpatient treatment, along with travel expenses.

Critical illness insurance is also designed to help you avoid the financial strain that a major illness can create. Critical Illness insurance provides a lump-sum payment upon the diagnosis of a critical illness or condition which can be used to pay for expenses such as a mortgage payment or travel costs. While the list of critical illnesses varies based upon company policy, many include heart attack, stroke, cancer, end-stage renal failure and multiple sclerosis. Unlike disability insurance, you don’t need to be employed to purchase critical illness insurance.