Rising health-care costs are enough to make you sick
His wife and three school-aged children started packing after his funeral. A long battle with cancer had eaten away their savings. Their home had been foreclosed. They would soon be evicted.
They had medical insurance. They had worked hard all their lives. Friends, family, and co-workers sent them checks and put on a fundraiser, raising tens of thousands of dollars. It would never be enough to keep pace with the mounting medical bills that were not covered by insurance.
The best solution available to cover unexpected medical expenses is Critical Illness coverage. Lump sum payment upon diagnosis of a covered event. The big three are Cancer, Heart Attack and Stroke, although Critical Illness covers more escoteric conditions such as coma, burns, kidney failure and major organ transplants.