Medicare Senior Critical Illness plans are available for those dealing with a serious condition including Stroke, Heart Attack, or Cancer. Most health insurance companies offering Medicare plans will offer Critical Illness plans, which may be labeled as Cancer Only or Heart Attack and Stroke Only. They may also offer a combination of Stroke, Heart Attack, and Cancer plans.
Critical illness insurance is not designed to replace Medicare coverage, however.
Critical Illness insurance offers specialized coverage providing a lump-sum, tax-free payment if the insured suffered from the critical condition covered by the policy. This type of coverage is optional and in addition to Medicare or Medicare Supplement insurance.
A Medicare Senior Critical Illness insurance plan will cover conditions, such as a heart transplant, angioplasty, major organ transplant, paralysis, coronary bypass surgery, or kidney failure.