Cancer, heart attack, and stroke are some of the most common major health concerns that we face as a nation. When you take a moment to reflect, it doesn’t take long to recall a friend, neighbor, or even a family member who has experienced one of these health issues. While these health issues certainly take a physical toll, they also often present a substantial financial burden. Nearly 60% of expenses associated with a major illness are not directly related to medical expenses that would be covered by most health insurance plans — things like lost wages, child care costs, and increased transportation expenses.
Stroke kills almost 130,000 Americans each year. That is 1 out of 20 deaths. On average, one American dies from stroke every 4 minutes. About 87% of all strokes are ischemic strokes, which is when blood flow to the brain is blocked. Stroke costs the United States an estimated $34 billion each year.
About 610,000 people die of heart disease in the United States every year—that’s 1 in every 4 deaths. Heart disease is the leading cause of death for both men and women. Every year about 735,000 Americans have a heart attack. Of these, 210,000 Americans have already suffered a heart attack before.
Having an extra policy that covers cancer, heart, and stroke does not always cover all the costs. There might be some gaps in between the client’s original health insurance and the extra insurance. Though there might be gaps, this will still help avoid placing all the cost on the client. Make sure they know all their options.