Critical Illness Insurance

Critical Illness Insurance

A middle aged woman sitting on a rustic porch.

Help your employees reduce the anxiety of unexpected healthcare expenses. Offer a plan that pays a lump-sum benefit after a covered critical illness like a heart attack, cancer or stroke that occurs after their coverage becomes active.

Critical Illness Insurance can help your employees:

Gain peace of mind amid high healthcare costs.

As deductibles, co-pays and co-insurance rise, many employees are worried about increasing out-of-pocket costs. Supplemental insurance can help ease those fears.

Receive a lump-sum benefit to use however they choose.

Critical Illness Insurance can be used for more than just out-of-pocket medical bills. They can use the benefit to pay for things like groceries, gas, utilities and more. It’s up to them.

Focus on recovery, not financial stress.

Financial stress can follow employees into the workplace, potentially increasing absenteeism and lowering productivity. Ease this potential burden by offering affordable, supplemental health insurance benefits.

Critical Illness Insurance is one of three supplemental health insurance products offered by Voya. These products can help you:

Easily expand your benefits offerings.

Our Critical Illness Insurance product works on virtually any enrollment platform or benefits administration system. No health questions are required to enroll in this group product. Pre-existing conditions may apply.

Complement a high-deductible health plan.

If you currently offer — or are considering moving toward — a high-deductible health plan, Critical Illness Insurance is a cost-effective way to round out your coverage options.

Control your benefit costs.

With Critical Illness Insurance offered by Voya, you’re in control of the plan design, including how premiums will be paid (by the employer, employee or a hybrid) and more.

Ready to take the next step? Talk to a Voya representative to start designing your plan today.

Critical Illness Insurance is a limited benefit policy. It is not health insurance and does not satisfy the requirement of minimum essential coverage under the Affordable Care Act.

Insurance products are issued by ReliaStar Life Insurance Company (Minneapolis, MN) and ReliaStar Life Insurance Company of New York (Woodbury, NY). Within the State of New York, only ReliaStar Life Insurance Company of New York is admitted, and its products issued. Both are members of the Voya® family of companies. Voya Employee Benefits is a division of both companies. Product availability and specific provisions may vary by state and employer’s plan.