Focus on Treatment, Not Cost
Cancer is the second leading cause of death in both children and adults: nearly 50 percent of men and 33 percent of women will develop cancer during their lives, and the risk only increases with age. While more life-saving treatment options are being developed every day, fighting cancer can leave you with costly medical bills. During your treatment, the last thing you should have to worry about is your cost of care. Cancer insurance covers treatment costs so you won’t have to think about expenses, allowing you to focus on what really matters - getting better.
What Is Cancer Insurance?
Cancer insurance is a supplemental insurance policy that is meant to offset costs associated with cancer treatments and is not meant as a substitute for standard medical insurance. It should be used to cover the excess costs associated with cancer treatments that may not be covered by your standard policy.
To be eligible for cancer insurance you must not have any existing cancerous conditions. Unfortunately, once diagnosed, it is too late to obtain coverage, which makes it essential to be proactive about your coverage needs before an issue arises. In most cases, those who have previously been diagnosed and treated for cancer are also ineligible.
What Does It Cover?
Specific coverage details will vary based on the policy and provider, but most plans will cover medical and nonmedical expenses resulting from your treatment.
Medical expenses can include:
Hospital stays, Co-pays, Tests, Disease specific procedures and treatments
Nonmedical expenses can include:
Loss of income, Child care costs, Transportation cost related to treatment, In-home care costs
When you’re healthy it’s easy to avoid planning for the future. You may be asking yourself, “Will I really need this coverage?” Maybe you will, maybe you won’t. But one thing is certain - once a positive diagnosis is made it’s too late to pick up coverage. Before purchasing any type of insurance policy you need to be well informed.