Just discovered MS is covered by some critical illness insurance policies!

New diagnosis and before diagnosis
1

Hi all,

Quickly sharing something that surprised me recently - MS is sometimes covered under critical illness insurance! I had no idea until I saw a bunch of posts about it in the Financial section of this forum.

It’s definitely worth checking you or your partner’s work or personal policies if you or someone close to you has an MS diagnosis. Payouts can be generous, but some policies don’t include MS/particular conditions or have strict conditions.

Also watch out for time limits - some require you to claim within a few months of diagnosis, which feels very rough when you’ve got bigger things to worry about.

I assumed these policies would only cover sudden events like heart attacks etc, so wasn’t even on my radar to check. Appreciate some people might not go into other sections of the forum, so though I’d mention here but happy to remove this post if not relevant etc.

1 Like
2

Like PIP, many/most insurance policies don’t pay out CI on the label MS but on the level of impairment. Many people have a MS diagnosis but with benign, non-existent or DMT-halted symptoms.

Worth reading the small print to see what the trigger might be. Some might not pay out if capable of some work but perhaps not the work you were doing before. E.g. a desk job instead of being on your feet all day.

Graeme

3

Thanks Graeme, good to flag - appreciate you pointing this out.