This Infographic gives an overview of the situation, explaining why surviving a critical illness can be financially devastating. Read more: www.genre.com/knowledge/blog/critical-illness-insurance-fast-facts-en.html

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CRITICAL ILLNESSCRITICAL ILLNESSCRITICAL ILLNESSCRITICAL ILLNESS
FastFastFastFast
FactsFactsFactsFactsINSURANCEINSURANCEINSURANCEINSURANCE
CRITICAL ILLNESS INSURANCE PAYS A
LUMP SUM BENEFIT
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UPON DIAGNOSIS FOR...
Cancer Heart Attack Stroke Kidney Failure Major Organ
Transplant
1.7M 935K 795K 113K 13K
3.5M+
Americans every seconds
8.91
will experience
one of these this year.
MOST WILL SURVIVE, BUT AT WHAT COST?MOST WILL SURVIVE, BUT AT WHAT COST?MOST WILL SURVIVE, BUT AT WHAT COST?MOST WILL SURVIVE, BUT AT WHAT COST?
MEDICAL INSURANCE IS COVERING LESSMEDICAL INSURANCE IS COVERING LESSMEDICAL INSURANCE IS COVERING LESSMEDICAL INSURANCE IS COVERING LESS
FEW ARE FINANCIALLY PREPAREDFEW ARE FINANCIALLY PREPAREDFEW ARE FINANCIALLY PREPAREDFEW ARE FINANCIALLY PREPARED
The average brand name
cancer drug in the U.S. costs
$10,000 month
per
Some drugs can cost
as much as
$30,000 month
per
$100,000 year
per
approved by the F.D.A. in 2012,
cost more than
11of 12 medications
cancer
are living on the edge of financial
collapse with almost no savings.
43.9% U.S. households
of
have some type of unpaid
medical bill.
42M+ in the U.S.
people
on credit reports is
medical debt.
52% all debt
of
Over
times more likely to declare bankruptcy
than people without cancer.2.65
Cancer patients are
$6,550
for individuals
$13,100
per family
of large employers
offered at least one
HDHP to employees.
81% 32%
of employers offered
an HDHP as their only
health insurance plan.
The average cost of treating
in 2011:
Heart Attack
$72K
Stroke
$61K
More employees are covered by High-Deductible Health Plans.
HDHPs can require an annual out-of-pocket maximum of up to:
SURVIVING A CRITICAL ILLNESS CAN BE
FINANCIALLY DEVASTATING.
SURVIVING A CRITICAL ILLNESS CAN BE
FINANCIALLY DEVASTATING.
SURVIVING A CRITICAL ILLNESS CAN BE
FINANCIALLY DEVASTATING.
SURVIVING A CRITICAL ILLNESS CAN BE
FINANCIALLY DEVASTATING.
CRITICAL ILLNESS INSURANCE IS THERE
WHEN YOU NEED IT MOST.
CRITICAL ILLNESS INSURANCE IS THERE
WHEN YOU NEED IT MOST.
CRITICAL ILLNESS INSURANCE IS THERE
WHEN YOU NEED IT MOST.
CRITICAL ILLNESS INSURANCE IS THERE
WHEN YOU NEED IT MOST.
result from medical bills.
2/3 bankruptcies
of
© 2015 General Re Corporation
Sources:
American Cancer Society, Surveillance Research, Estimated New Cancer Cases by Sex and Age (Years), 2015
American Heart Association, Heart Disease and Stroke Statistics, 2015 Update
Bloomberg, Cancer Therapy Cost Too High for Patients, Doctors Say, 2013
Corporation for Enterprise Development, Press Releases: Nearly Half of U.S. Households Have Almost No Savings to Cover Emergencies or Save for the Future, 2013
Epoch Times, Infographic Highlights How Medical Debt Contributes to Bankruptcy in America, 2014
Forbes, The 10 Most Expensive Common Medical Conditions, 2012
Fortune, The Unknown Debt That’s Dragging Down Your Credit Score, 2014
IRS.gov
Kaiser Health News, Chemo Costs in U.S. Driven Higher by Shift to Hospital Outpatient Facilities, 2014
Organ Procurement and Transplantation Network
United States Renal Data System, 2014 USRDS Annual Data Report (Table A1), 2014
WISTV, Don't Let Unpaid Medical Bills Ruin Your Credit, 2014