WHAT IS CANCER INSURANCE ?

Studies reveal that almost 1,437,180 new cancer cases would be diagnosed this year in the United States. The risk of cancer is said to grow with age.  77% of all cancers occur in individuals age 55 and older. Cancer is considered to be the second leading cause of death in children, after accidents.

 

Cancer treatment is considered to be financial burden for almost all patients. Most of the patients face devastating financial consequences. The standard health insurance includes most of the medical bills, but nearly 65% of the cost of cancer is non medical, such as co payments, deductibles and daily living expenses, to name a few.

These non medical costs of cancer are paid by the supplemental cancer insurance. The fact that men have a lifetime risk of nearly 1-in-2 and women have more than a 1-in-3 risk of developing cancer is considered then, this additional coverage is very much beneficial.

Cancer insurance reduces the financial strain by providing with immediate benefits. Some plans offer an annual wellness benefit and cover alternative cancer therapies. One can not purchase this insurance after have been diagnosed with this disease.

 

Most cancer insurances provide the following benefits:

 

One can protect himself and his family from the expenses of cancer beyond the doctor's office.