Cancer
Cancer insurance is supplemental health insurance that provides coverage specifically for expenses related to cancer diagnosis and treatment. While standard health insurance may cover some costs, cancer insurance offers targeted benefits to help offset the unique and often high costs associated with cancer care.
Purpose of Cancer Insurance
- Provides the ability to afford the best cancer care there is by covering out-of-pocket expenses that traditional health insurance may not cover. It’s especially helpful for costs associated with treatment and recovery that come with surviving a cancer diagnosis.
What Does Cancer Insurance Cover?
- Treatment from Chemotherapy, Radiation, and Surgery.
- Hospitalization, Outpatient care, and Specialty visits.
- Experimental and Alternative treatments not covered by medical insurance.
- Travel and Accommodations so that you can seek the best treatment possible.
- Lump sum benefit at diagnosis followed by a schedule of benefits for care associated with cancer treatment. See benefit brochure for the full list of benefits.
How it Works
- Upon diagnosis the policy pays out a lump sum cash benefit directly to you. This payment is tax-free and may be used as you see fit.
- As you go through the cancer treatment process, the benefit amount listed in the benefit summary will be paid out directly to you to help cover the costs for care.
- Please see the benefit summary to get the full list of benefit amounts for cancer treatment.
Benefits of Cancer Insurance
- Financial Flexibility: The lump-sum cash payout can be used at your discretion, allowing for control over how the money is used.
- Income Protection: If you’re unable to work during treatment and recovery, this coverage can help fill the gap left by a reduction or loss of income.
- Peace of Mind: Eliminates financial anxiety during recovery, allowing you to focus more on your health.
Who Needs Cancer Insurance
- Those with high health-related financial obligations
- Family history of cancer
- Inadequate emergency savings to cover deductibles, co-pays, and other related expenses due to a cancer diagnosis.
