Employee Critical Illness Insurance

Protect your health and savings.

Critical Illness Coverage Benefits

You might think your regular health insurance covers serious medical emergencies, but treatment for life-threatening conditions often comes with high deductibles and significant out-of-pocket costs.

A critical illness policy can ease your financial concerns, letting you focus on recovery.

Whether you need critical illness coverage for yourself or your employees, Eleos is here to assist. With our expertise, you can rest assured that we’ll craft a critical illness policy tailored to your employees' needs.

Working with Eleos, you’ll enjoy:

  • A local specialist who understands your needs

  • A single source provider for all your insurance needs

  • A team of seasoned specialists who deliver year-round value

  • A business with national reach and a personal touch

Why work with Eleos?

At our core, we lead with values, striving to understand your priorities to provide your employees with the coverage they need for the peace of mind they deserve.

Whether you need a single policy or want to enhance your employee benefits, our approach is personalized rather than institutional. We design custom coverage from the start and deliver ongoing value through our services. Committed to transparency and authenticity, our goal is to exceed your expectations every time—now and for the long term.

Critical Illness Insurance from Eleos

At Eleos, we begin by listening and conclude with tailored solutions.

We take the time to understand your unique needs and preferences before offering critical illness coverage options designed to assist with your employees' medical costs in the event of a major health emergency.

Examples of covered conditions include:

  • Coma

  • Paralysis

  • Brain Tumor

  • Hearing Loss

  • Organ Failure

  • Serious Burns

  • Aplastic Anemia

  • Coronary Bypass

  • Alzheimer’s Disease

  • Motor Neuron Disease

  • Heart Valve Replacement

  • Occupational HIV Infection

  • Bacterial Meningitis

  • Parkinson’s Disease

  • Internal Cancer

  • Heart Attack

  • Speech Loss

  • Vision Loss

  • Stroke

This list isn’t exhaustive. Some of these conditions may not be eligible for coverage in certain instances, and pre-existing conditions are not eligible for coverage.

Critical Illness Insurance Simplified

Facing a critical illness is a reality many will encounter in their lifetime.

In preparing for these challenging times, your employees deserve an insurance partner who genuinely understands their needs.

At Eleos, while insurance is our expertise, our customers are our top priority.

Others who would likely benefit from gap coverage include:

  • Help through the employee application process

  • Coverage designed with your group’s needs in mind

  • A team of professionals standing by to answer your employees’ questions

What Does Critical Illness Insurance Cover?

A critical illness policy typically covers a wide range of health emergencies. If you or a dependent is diagnosed with a covered condition, the benefit payments can be quite flexible, allowing for a broad application of funds. Note that there may be additional eligible expenses beyond those listed here.

While many policies impose restrictions on eligible expenses, critical illness insurance lump sum benefits can be used for a variety of costs, including:

  • Out-of-Pocket Medical Expenses

  • Transportation to Treatment

  • Specialist Treatments

  • Mortgage Payments

  • Rent Payments

  • Prescriptions

  • Groceries

How Does Critical Illness Insurance Work?

If you're diagnosed with a covered condition, critical illness insurance typically provides a lump sum payment. Coverage limits can vary but often reach up to $100,000 on standard policies.

These plans are usually offered as voluntary coverage, meaning the employee is responsible for the cost.

While details vary by policy, most critical illness insurance plans exclude certain types of cancer and specific chronic illnesses. Additionally, recurring illnesses might not qualify for a second payout if a previous claim was made.

Do I really need critical illness coverage?

From those who are young and in good health to those who are nearing retirement with a long history of medical issues, critical illness insurance can be a wise investment.

Considering that outstanding medical bills are listed as one of the most common causes of bankruptcy in the United States, this may be a coverage your employees can’t afford to skip.

Carrying this coverage can help give them the peace of mind knowing they’re prepared in the event they become too sick to work.

How Much Does It Cost?

Critical illness insurance is typically affordable, but understanding the costs can be challenging due to varying regulations and plan details.

At Eleos, we believe in tailoring solutions to each individual’s situation. We’ll work closely with your team to determine the costs based on your employees' needs.

Once we have a clear understanding, we’re dedicated to providing the right benefits for your business at a price that fits your budget.

Generally, the cost of a policy increases with the number of conditions covered.

Premium costs are calculated based on factors, including:

  • Amount of Coverage Needed

  • Body Mass Index

  • Smoking Status

  • Current Health

  • Gender

  • Age

Not sure where to start? Talk to someone who wants to listen.

A great plan starts with a conversation. Let’s talk about what you need.