Think about the changes in technology in the last 20 years; the computing power of cell phones, the growth of social media and self-driving cars are all now very much realities. And, along with those technological advances, there have been just as many changes in the world of medicine and, specifically, how doctors treat critical illness.
Today, 1/3 of all critical illness claims are denied and 63% of denials are due to conditions not being covered or definitions not being met; a lot of which stems from dated policy language.1 As we highlight in our new infographic, new critical illness insurance plans are now positioned to better support consumers given the new ways doctors look at illness.
Critical illness insurance can better support consumers
Trustmark’s new Critical LifeEvents® features many of the changes that will help to provide better protection for consumers:
- Reflects current clinical practices and diagnoses – Tying the benefits to current medical practices means fewer claim denials because the coverage matches the medical treatments being performed.
- Covers early stages and early signs of disease – Early detection of a disease is crucial to treatment and benefits are available to treat illnesses before they progress.
- Provides better coverage for the three most common conditions – 90 percent of claims are for heart attack, cancer and stroke, we’ve focused our protection on these conditions means better support for consumers.1
Read our new infographic to learn more about how you can provide a policy that pays more to consumers better. Innovation isn’t always the first word that comes to mind when you think of the insurance industry, but we’re aiming to change that. With innovative solutions for critical illness insurance, we can better support consumers by providing benefits for modern treatment plans on the conditions they are most likely to experience.
1 Gen Re. U.S. Critical Illness Insurance Market Survey 2013/2014.