We've all heard the statistics around the number of Canadians who are diagnosed with a critical illness daily. Having a plan in place for you, your family, and your team, can make a difference between surviving and thriving.
myHSA plan members love the flexibility to invest in what matters most to their wellbeing.
Meanwhile, plan sponsors enjoy the ability to budget benefits spend.
But when an unexpected, serious illness occurs, a health spending account alone may not be enough to protect the financial security of our team members. A cash benefit paid to an employee, their spouse, or their children if diagnosed with invasive cancer, MS, or other dreaded diseases.
The myHSA platform offers organizations the option to include AllState Critical Illness Insurance coverage. The policy offers several enhanced definitions:
No pre-existing conditions clause
No survival period
Claims paid within 2-4 business days
Dependent children automatically covered at no cost for 50% of Comprehensive Critical Illness benefit amount
Coverage may be continued after employment (review policy details)
Groups with at least 3 employees can add critical illness insurance for either employees or employees and spouses for as little as $8 / m per employee. Dependent children are covered automatically in both single and family coverages. Individual business owners can obtain coverage, but pricing is based on age, gender, and smoking status.