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Group Accident and Critical Illness Insurance

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Help protect your savings from potentially high out-of-pocket expenses1 due to a serious illness or injury. Accident and Critical Illness Insurance coverages can help you pay for costs that can really add up and eat into your savings.

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  • Accident Insurance pays a lump sum benefit directly to the insured, based on a covered accidental injury. Prudential pays Accident Insurance benefits in a lump sum, upon diagnosis.

    Even though the benefit can be used for any reason, including medical expenses, it’s important to point out that Accident Insurance is NOT comprehensive medical insurance.

     

  • Accident Insurance can help you financially prepare for the risks that come if you have out-of-pocket expenses due to an accidental injury.

    And that’s important when you consider that one out of every eight Americans visit the ER each year.2

    Even with comprehensive medical or disability income insurance, an accidental injury could negatively impact your finances. In fact, the cost of a broken leg is $10,000 or more, when you factor in lost wages, transportation, copays, deductibles, and medicine.3

     

     

  • Critical Illness Insurance pays a lump-sum benefit amount, directly to the insured, upon diagnosis of a covered condition.

    While every plan is different, some commonly covered conditions include:

    • Cancer
    • Heart attack
    • Stroke
    • Major organ transplant
    • Kidney failure
    • Coronary artery bypass surgery

     

    The benefit can be used for any purpose, including to help pay for any out-of-pocket expenses, and you do not have to account for how you spend the benefit.

    Critical Illness Insurance is NOT a comprehensive medical insurance or disability insurance plan. This coverage does not replace those plans or pay benefits in the same way.

  • Critical Illness Insurance can help you financially prepare for the risks that come if you have out-of-pocket expenses due to a serious illness.

    This is important because 62% of bankruptcies are based on a medical event.4

     

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Talk to your employer about group insurance coverages that may be available to you.

 

Footnote

The Prudential Insurance Company of America (Prudential)

1 Out-of-pocket expenses related to an illness or injury may be both medical and non-medical expenses.

2 CDC, “National Hospitality Ambulatory Medical Care Survey: 2010 Emergency Department Summary Tables.”

3 Bonafede M, Espindle D, Bower AG. Abstract, “The direct and indirect costs of long bone fractures in a working age US population.” J Med Econ. 2013;16(1):169-78. doi: 10.3111/13696998.2012.737391. Epub 2012 Oct 22. http://www.ncbi.nlm.nih.gov/pubmed/23035626 (accessed June 7, 2016)

4 David U. Himmelstein, MD, Deborah Thorne, PhD, Elizabeth Warren, JD, and Steffie Woolhandler, MD, MPH, "Medical Bankruptcy in the United States, 2007: Results of a National Study," American Journal of Medicine, 2009.

This site may contain marketing language on products issued by The Prudential Insurance Company of America that has not yet been approved in all states.

This policy provides ACCIDENT insurance only. It does NOT provide basic hospital, basic medical, or major medical insurance as defined by the New York State Department of Financial Services.

IMPORTANT NOTICE - THIS POLICY DOES NOT PROVIDE COVERAGE FOR SICKNESS.

These Critical Illness and Accident coverages are not comprehensive health insurance coverage (often referred to as "Major Medical Coverage").

They do not satisfy the individual mandate of the Affordable Care Act. They do not meet the requirements of minimum essential coverage as defined by federal law.

Group Critical Illness and Group Accident Insurance coverages are limited benefit policies issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. Prudential's Group Critical Illness and Group Accident Insurances are not substitutes for medical coverage that provides benefits for medical treatment, including hospital, surgical and medical expenses and do not provide reimbursement for such expenses. The Booklet-Certificate contains all details, including any policy exclusions, limitations, and restrictions, which may apply. If there is a discrepancy between this document and the Booklet-Certificate/Group Contract issued by The Prudential Insurance Company of America, the Group Contract will govern. A more detailed description of the benefits, limitations, and exclusions applicable are contained in the Outline of Coverage provided at time of enrollment. Please contact Prudential for more information. Contract provisions may vary by state. Group Critical Illness Contract Series: 114774. Group Accident Contract Series: 83500.

For Compliance use Only

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