___

CRITICAL ILLNESS COVERAGE

____

CRITICAL ILLNESS COVERAGE

Protect Your Finances

Critical Illness coverage provides a way for you to stay ahead of the medical and out-of-pocket expenses that can accompany certain covered medical events. Most medical plans provide coverage for hospital and medical expenses associated with critical illnesses such as stroke, heart attack, kidney failure, major organ transplant, coma and paralysis. However, there are some expenses that aren’t covered and that can be financially devastating. With Critical Illness coverage, you can be prepared financially for expenses like:

  • Copays, deductibles and coinsurance
  • Transportation and lodging needs associated with out of town medical care
  • Childcare and domestic help expenses
  • Loss of income due to missed days of work

Critical Illness coverage offers:

  • A set amount of money is paid directly to you to be used however you choose
  • Convenience of payroll deduction on a post-tax basis so benefits paid to you are tax-free
  • Portability – You can keep the policy on a direct pay basis if you leave Olympic Steel
  • Coverage is also available for your spouse and children if you are insured 
  • A $50 cash benefit paid to any member for the completion of an annual health screening such as a routine physical, mammogram, colonoscopy and PSA test to name a few. Click on the Health Assessment claim form to the right for a list of all screenings which are benefit-eligible.

Critical Illness premium rates are determined by your age and the amount of coverage requested.