More Employers Offer Plans That Provide Lump Sums For Critical Illnesses

(By – Michelle Andrews, Kaiser Health News)

Insurance policies that pay a lump sum if workers get cancer or another serious illness are being offered in growing numbers by employers. Companies say they want to help protect their workers against the financial pain of increasingly high deductibles and other out-of-pocket costs. But it’s important to understand the limitations of these plans before buying.

Critical illness plans have been around for decades, but they have become more common lately as employers have shifted more health care costs onto their workers’ shoulders. Read more…

 

Kaiser Health News is a nonprofit national health policy news service that is part of the nonpartisan Henry J. Kaiser Family Foundation.

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