New drug inhibits cancer cell growth
A new compound starves the growth of cancer cells. Future anti-tumor drug for the future likely.
Walmart Associates are eligible for group voluntary critical illness coverage. The insurance protection is offered by Allstate.
The following is based on information dates January 1, 2019 and may be subject to change.
The policy is a comprehensive critical illness insurance. The policy is an optional benefit. The cost of coverage will be deducted from paychecks.
Benefit amounts are chosen and can range from $5,000 to $20,000. There is an option to purchase coverage for spouses / domestic partners and children.
The plan is Section 125 qualified. Premiums can be paid with pre-tax dollars from a Health Savings Account.
A benefit will be paid for heart attack, stroke, transient ischemic attack, coronary artery bypass surgery. Also for invasive cancer or carcinoma in situ, end stage renal failure, ruptured or dissecting aneurysm, advanced Parkinson’s, Alzheimer’s disease. The literature spells out specified diseases.
A cursory review of the policy literature indicates this is excellent coverage. However, pricing is not available.
Here are a few reasons it might make sense to compare the Critical Illness Insurance Walmart policy with other plans available for individuals.
The following are opinions shared by Jesse Slome, director of the American Association for Critical Illness Insurance.
What’s Good About the Critical Illness Insurance Walmart plan? The Walmart plan is very comprehensive. It covers a significant number of illnesses and conditions that often are not included by plans available directly to consumers. Diseases like Malaria are admittedly rare. But, if the cost for this insurance is near the cost of other plans, there are indeed lots of benefits covered.
Other positives: The plan has a 100% recurrence benefit. Simply said, if you are diagnosed with cancer, you get paid. If after a time period of being cancer free, you are diagnosed again, a second payment is made. There are additional benefits like a lodging benefit and a $2,000 air ambulance benefit.
What concerns me about the Walmart plan? Obviously cost. That’s something you as an Associate need to compare. We would welcome hearing from an Associate willing to share costs. Call me privately at 818-597-3205.
How much critical illness insurance to buy? My rule of thumb is to buy an amount equal to between 6 months and 18 months of your rent or mortgage payment. The average critical illness insurance policy purchased is between $12,000 and $15,000.
A final thought about covering children. Children do get critical illnesses, but they are rare. Unless adding a child costs very little in terms of additional premium, you have to decide if the risk is really worth the cost.
Learn more about cancer age of diagnosis and heart attack age of diagnosis.
Access the Critical Illness Insurance Cost Calculator and see an example of costs for $10,000 of cancer-only insurance.
A new compound starves the growth of cancer cells. Future anti-tumor drug for the future likely.
Better cardiovascular health in midlife can reduce dementia risk later in life.
Adults with the healthiest sleep patterns had a 42 percent lower risk of heart failure.
The Association advocates for the importance of planning and supports insurance professionals who market critical illness and cancer insurance.
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