Posted on 12 Jun 12
UnitedHealthcare, which has seven New Jersey offices, announced its new critical illness protection plan, which is offered to employers with more than 50 employees. David Bailey, senior vice president of sales for the northeast region for UnitedHealthcare, said industrywide, critical illness plans have increased in volume by 40 percent during the first quarter of 2012.
The plan outlines 13 critical illnesses, including cancer and cardiovascular disease; if diagnosed with one of these conditions, plan members receive a lump-sum payout. Plans range in payout from $5,000 to $100,000, and are intended to help members coping with a critical illness diagnosis with out-of-pocket medical costs, daily living expenses and loss of income
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