Is Critical Illness Insurance A Good Idea? 
Critical Illness coverages can provide money to replace lost income and to pay the expenses not coverage by your medical insurance . Studies have shown that medical insurance covers only about 40 % of the true cost of a serious disease such as disease . In addition to medical coinsurance and deductibles , there is loss of income to contend with . The person that is off sick may have disability income insurance to help with this but often the spouse has to also miss work and there is nothing to replace their income . And , if it is their child that is sick , often both will miss work with no income replacement . When you add all the additional expenses of travel , special diets , transportation , child care , etc. the additional expenses can be devastating to a family . One thing I had never thought of before I had a bout with cancer was clothing expenses . I went from 215 lbs to 140 lbs which meant i had to buy new clothes . Now that I am at 185 lbs , my fat clothes do n't fit and my skinny clothes don '' t fit so I have to buy more . Critics of Critical Illness insurance say it is not a good buy because you might have a condition that is not covered under the policy but if you bought a plan that covered every possible event , the cost would be prohibitive . However , you can buy coverage for some of the most common serious conditions at a very reasonable premium . I have never had a cancer patient tell me that their caner or CI policy was a bad buy . 