Why Consider Cancer Insurance?

 

The total financial impact of cancer includes direct and indirect costs. Many persons diagnosed with cancer uses all or most of their savings because of the financial cost  of dealing with cancer*. The problems are significantly worse for those without insurance.

No one wants to experience a cancer diagnosis, but the fact is that the risk of getting cancer is great. In the United States, men have slightly less than a one in two lifetime risk of developing cancer; for women, the risk is a little more than one in three. (American Cancer Society, Cancer Facts & Figures 2013, page 1) A cancer/specified-disease insurance policy is designed to provide you with cash benefits during covered cancer treatments.

Cancer can occur at any time regardless of lifestyle, yet too many people lack cancer insurance coverage to help pay for additional costs associated with treatment.

With a Cancer Benefit Insurance

 

  • The money comes directly to you, all at one time in one lump sum payment, unless you assign it to a health care provider.
  • You know exactly how much money may be paid for a covered claim — there are no surprises.
  • It is guaranteed renewable for life, 
  • Coverage is available for individual, single parent, or family.

 

Why Think About Cancer?

Cancer can occur at any time regardless of lifestyle, yet too many people lack cancer insurance coverage to help pay for additional costs associated with treatment.

While cancer survival rates have dramatically increased thanks to modern medical treatment, these treatments are expensive, and together with other related costs can create a serious financial impact. Will you be able to afford care if cancer touches someone in your family?

Chances are you or someone you love will be affected by cancer at some point in your life. The National Cancer Institute estimates that approximately 11.1 million Americans with a history of cancer were alive in January 2005. Some of these individuals were cancer-free, while others still had evidence of cancer and may have been undergoing treatment. (American Cancer Society. Cancer Facts & Figures 2009, page 1.)

 

The Facts and Statistics on Cancer

  • Cancer is the uncontrolled growth of abnormal cells that if allowed to spread through the body can cause severe medical consequences and even death. There is no cure for cancer, and treatments are often painful and costly.
  • Cancer screenings can reduce the mortality rate of cancer when it is caught early and treatments are less intensive and more often successful. It is important to discuss cancer risks and screenings with your primary care physician or oncologist, especially if you have a family history of cancer or have had cancer in the past.
  • There are various things that can affect a person’s risk of getting cancer. Risks can include various genetic and environmental factors, like age, and family history, obesity, sun exposure, tobacco use and alcohol use. These factors can increase a persons risk of initiating and promoting cancer growth.
  • 1 of every 2 men and 1 of every 3 women will develop cancer at some point in their lifetime.
  • The reality of the impact of cancer is that over 1.9 million cancer cases are expected in the US for the year 2022. Cancer costs are projected to skyrocket to $246 billion in the US by the year 2030. With such a widespread and devastating impact that cancer has on the US every year, finding cancer coverage is becoming even more important.
  • Uninsured individuals are more likely to be diagnosed with cancer at later stages when treatment is costly and less successful. Health insurance allows individuals to get regular cancer screenings, reducing the risk of finding out too late. Critical Illness insurance can help those covered relieve the financial pressure of cancer treatments if they are diagnosed.

 

Why do I need Cancer Insurance if I have a Medicare Supplement?

Medicare doesn’t cover:
 
  • Room and board in assisted living facilities
  • Adult daycare
  • Long-term nursing home care
  • Medical food or nutritional supplements (except enteral nutrition equipment)
  • Services that help you with activities of daily living (like bathing and eating) that don’t require skilled care
Why You Should not wait
  • You can’t insure your car after the accident.
  • You can’t insure your house when it’s on fire.
  • And you can’t get cancer insurance after you are diagnosed.
  • You must plan ahead!

 

Actual Client Testimonial:
“I am 70 years old and on Medicare, and I also have a good Medicare supplement. When I was diagnosed with Cervical cancer three years ago, I knew the medical bills would be covered. However, the treatment (Chemotherapy and radiation for eight weeks) was at a cancer center 180 miles from home. That’s when I found out how valuable my cancer insurance proved to be. The motel bill for two months, the travel expenses, eating out, even someone to take care of the house while we were gone were all taken care of with the funds we received from the cancer insurance policy. Our daughter took time off work to be with me, and we were able to cover her expenses too. We had the peace of mind that all the unexpected expenses were covered. It was a stressful time, but the cancer insurance sure eased the financial burden.” –  Virginia M., Missouri
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