This product is underwritten by Medico® Insurance Company, a Wellabe company.
Wellabe’s Critical Illness insurance empowers you to be well protected so you can focus on what matters. You decide how you want to build your coverage to fit your health and financial well-being.
If you or a loved one receives a cancer diagnosis or suffers a heart attack or stroke, your life changes significantly. You want to focus on recovery — not have to stop to think about what insurance does and doesn’t cover.
Wellabe shows we care by providing solutions that make a difference in people’s lives. We created our Critical Illness insurance because we know this coverage matters:
Wellabe’s Critical Illness insurance offers value and protection you won’t find anywhere else. Our plans cover couples and multiple illnesses on the same policy and even offer an optional rider that covers skin cancer, which most plans don’t cover at all.
Choose from a selection of riders to customize your plan to your needs, including restoration riders that provide up to two additional payments if you fully recover from your initial diagnosis. Our Critical Illness plans help you be well prepared by protecting your savings from the unexpected.
If you’re between the ages of 18 and 89, you can apply and choose the lump sum benefit amount that you’ll be paid directly if you receive a qualifying diagnosis. The benefit amount can be purchased in increments of $1,000 ranging from $5,000 to $100,000.
You can select plan options to build the right coverage for yourself, your spouse, and your children, all on the same policy. You and your spouse will receive the same benefits if you choose the same coverage, and your dependent children will be given 25% of the benefit if they are added to the plan.
Build the coverage you need from Wellabe’s two Critical Illness insurance plans and optional benefit riders. On one policy, you can choose to cover only cancer, only heart attack and stroke, or more. Depending on the riders you add to the base policy, you can also cover heart attack, stroke, skin cancer, blindness8, deafness, end-stage renal failure, or major organ failure requiring a bone marrow, stem cell, or organ transplant.
| Cancer and Cancer in Situ Lump Sum policy |
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| Cancer insurance policy riders | ||||
Heart Attack and Stroke Lump Sum rider: The lump sum benefit amount can be purchased in increments of $1,000 from $5,000 to $100,000.
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Heart Attack and Stroke Lump Sum with Restoration rider: The lump sum benefit amount can be purchased in increments of $1,000 from $5,000 to $100,000.
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Heart attack and stroke insurance policy rider | ||||
Heart Attack and Stroke Lump Sum Restoration rider: The additional lump sum benefit amount is graded based on the number of years you’ve been treatment-free between the initial diagnosis and the second diagnosis.
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If you’re not completely satisfied with your Critical Illness insurance plan, you can cancel it within 30 days, and we’ll refund any premiums you paid minus any claims we paid. May vary by state.
We will not pay any benefits for a diagnosis within the first 6 months of activating the policy if the diagnosis is a result of a condition that you were receiving treatment for 6 months prior to the effective date of coverage.
The 30 days begin on the policy issue date.
You can build the coverage you need from Wellabe’s two Critical Illness insurance plans and optional benefit riders. On one policy, you can choose to cover only cancer, only heart attack and stroke, or more.
Depending on the policy details you select, you can also cover skin cancer, blindness, deafness, end-stage renal failure, or major organ failure requiring a bone marrow, stem cell, or organ transplant. You can also add restoration riders that provide up to two additional payments if you fully recover from your initial diagnosis.
Medicare covers many medical services, but not everything. Critical Illness is a supplemental insurance that can help fill gaps between what’s paid by original Medicare and the overall cost of health care treatments, such as copays, deductibles, and coinsurance.
Medicare does not cover the full cost of cancer treatments. Part A covers inpatient hospital stays, care in a skilled nursing facility, hospice care, and some home health care. Part B covers certain doctors' services, outpatient care, medical supplies, and preventive services.
Since most outpatient chemotherapy treatments are covered under Part B, you'll be responsible for paying 20% coinsurance for all services and treatments. Wellabe’s Critical Illness insurance lump-sum payment allows you to cover a wide range of expenses, including deductibles and copays.
A Critical Illness insurance benefit is a lump-sum payment not dependent on specific types of care, so it pairs well with other plans, such as Medicare Advantage, Medicare Supplement, Hospital Indemnity, Short-term Care, and Dental insurance.
When you become a Wellabe policyholder, you’ll have access to resources that make it easy to make the most of your plan, including our mobile app, customer portal, and Customer Success team via email or phone. Visit the Customer resources page to learn more.
Call 866-739-8143 or click the button below to have an agent contact you to develop a personalized free quote for any of our insurance plans.
50-01-00130 US
07-25
This content may not be approved in all states.
