A cancer diagnosis can be earth-shattering. And dealing with the mounting bills from care, it can add additional stress to those that are battling it. Cancer insurance is more common because many basic health insurance plans will not cover all the costs associated with a cancer diagnosis.
Many people wonder if the premiums paid for this type of policy worth the peace of mind it provides? Will the coverage justify the cost? When should you consider buying cancer insurance?
Only you can answer those questions because it depends on your personal situation. Circumstances like your finances, health, and form of cancer all influence if cancer insurance is right for you.
Tucson Residents Should Consider This Before Purchasing Cancer Insurance
Here are some things to consider to help you decide one way or another:
One of the most important things to keep in mind is this type of insurance is to reduce the costs of cancer treatment.
Meaning cancer insurance isn’t to take the place of the benefits given by your primary health insurance. Cancer insurance is meant to help you cover some costs your basic policy doesn’t pay for. Cancer insurance policies may cover many expenses.
Depending on the type of policy you sign up for, cancer insurance may cover a wide range of both medical and non-medical costs.
Here are some expenses typically covered by these plans:
- Hospital stays (unusually lengthy ones)
- Various tests, treatments, and procedures
- Visits to out-of-network specialists
- Dietary assistance
- Travel and lodging when treatment is far away from home
Not All Cancer Policies Are the Same
Now be aware one policy will not cover all of those. Few cancer insurance policies cover every one of the costs discussed above. Even the ones that do may still have coverage “gaps.” Meaning you could be left with a bill that you’ll be financially responsible for.
Also, some cancer insurance policies don’t cover any of the expenses discussed so far. A few of them, like Aflac, only offer a specific lump-sum payment that’s after you are diagnosed.
Be sure to go into these situations knowing that all plans do not offer the same benefits or coverage. For an explanation of how different plans work, let Blake Insurance Group help you find the best cancer insurance policy.
It’s important to note that you might not be able to get this kind of insurance if you have a prior cancer diagnosis.
Some providers may not cover you if you’ve been diagnosed or treated for other health issues, including Hodgkin’s disease, AIDS, AIDS Related Complex, or if you’ve tested positive for HIV.
Be sure to read the fine print before you get too excited about a particular plan, especially if you have a family history of cancer.
A cancer policy may not make sense for everybody. If you are young, healthy, not risk-averse, and without a family history of cancer, you might want to use the money spent for this type of policy for a life insurance policy or accident policy. Call Blake Insurance for the best cancer insurance quotes today.