Cancer Insurance

If you knew without a doubt you’d be diagnosed with cancer a month from today, what would you do about it …NOW?

Make sure you are protected. Think you are, you had better check again. Compounding the emotional and physical tolls of cancer is the financial burden of treatment after a diagnosis of cancer with as much as 70% being non-medical expenses. Even if you have health insurance, cancer treatment can quickly build up your out-of-pocket expenses. Most are non-medical and that’s why more and more consumers are turning to supplemental cancer insurance.

A cancer insurance policy provides the insured policyholder with benefits that he or she may use in the event of cancer. More importantly, cancer insurance policies can sometimes be purchased after the diagnosis. It won’t take care of the diagnosis you already have but for those concerned with how financially devastating it was the first time can apply for a guaranteed issue policy.

Which Plan is Best for My Needs?

If you have a history of cancer in your family, you understand the physical, emotional, and financial impacts. You also understand why cancer insurance is so valuable. No other kind of insurance policy provides the substantial assistance you need when you develop the illness.

To qualify for the optimal cancer insurance policy, you should not have any pre-existing conditions related to cancer. These types of cancer insurance policies require that you should not be diagnosed with any type of cancer before you apply for this coverage. Some cancer insurance policies, however, are more lenient.

The coverage will vary based on the insurance company and the benefit details included in the policy. However, most cancer insurance plans cover both non-medical and medical expenses. Medical expenses may include hospital stays, co-pays, medical procedures and medical tests. On the other hand, non-medical expenses may include home-based health care, child care expenses, loss of income, newly incurred expenses, as well as mortgage and basic utilities and aids for dietary restrictions.

Before you buy a cancer insurance policy, you should first understand the coverage and benefits in an insurance policy. Moreover, you should be able to compare the benefits of the cancer insurance plan to those of your existing health insurance. Try to find a cancer insurance policy that supplement and complements your existing health insurance plan. Considering the fact that raising the deductible in health insurance is reason enough in itself to get a Critical illness or cancer plan.

Because of the potentially higher cost of getting cancer insurance coverage, you need to make sure that it makes sense for your financial and medical situation. If you are considering buying a cancer insurance policy, before determining amount for a cancer quote, consider the following:

• Your risk of developing cancer. If you have a strong history of cancer in your family, you could benefit greatly from getting cancer insurance. Review your family’s history with your personal physician to get a better understanding of the potential risks you face.
• Your lifestyle and how often you exercise, skip the fast food and cigarettes and get preventative wellness or cancer screenings
• Your current health insurance. Review your current health insurance plan to determine what type of cancer coverage it provides. Examine this coverage against realistic and worst-case scenarios. How much would treatment cost if you were diagnosed with cancer? How much of that treatment would your current insurance plan cover and how much would come out of your pocket?

There are two types of Cancer plans: Indemnity expense a defined benefit and a Cash lump sum up front.

Before you buy a cancer insurance policy, try to look at different providers and insurance companies and ratings. Some with ribbon benefits, others, scaled down and basic often best. Some offer Return of Premium or Waiver of Premium, for some people it may be worth the bells and whistles but for most basic is best and get more coverage amount. If concerns of Heart attack stroke and other critical illnesses, Critical Illness Insurance would be better choice to consider. There are a lot of plans and coverage available to you, so a little shopping can help you decide which one provides you with the coverage that you need.

Knowledge is Power…Only if you use the knowledge you have

1. Three (3) Million cancer and critical illness cases a year and growing
2. Cancer expenses are near 70% non-medical related
3. Over 60% of all Bankruptcies are critical and medical related…78% had health insurance only and could not afford the what major medical did not cover.
4. More people are surviving than ever in medical and technological advances, but you survive financially?
5. Ever known anyone with Cancer? Did it effect them emotionally physically and financially? Looking back…How much would $20,000, $50,000 $100,000 have helped them?

It is confusing the good news is that you’re not alone. We can help you explore your best options, simplify and tailor a plan to meet your needs. We assist agents, brokers, employers and individual consumers and families as intermediary advisors. Sound advice is essential with providing trust in peace of mind. Call the Critical illness Cancer Insurance Resource Center at 1-866-666-Insure (4678) and speak to an experienced and helpful advisor to get the answers you need or simply click below to fill in short form to get a quote now.

What if I already am diagnosed with cancer and have no health insurance where can I still get coverage?

Cancer Health Insurance or coverage for those without any coverage and looking for major medical health insurance coverage was deemed impossible to acquire since you are already coming in with a risk that will cost the insurer lots of money. It was an un-insurable condition and has been no way for anyone to get any coverage for someone with that pre-existing condition…till now. The health care reform under the ACA or Affordable Care Act has made the law that everyone get insurance coverage regardless of a any medical conditions. This is available through health insurance exchanges and will be in full force in every state by 2014. Until that point Government health insurance has been put in place. Federal and State plans set up their own program for you to get coverage under a plan called PCIP insurance. This stands for pre-existing condition insurance plan and can now get coverage even if diagnosed today. Visit the page at preexistingconditioninsuranceplan.com for details.

If a supplemental cancer insurance policy is what you seek for you already have major medical but are looking for protection for future then a guaranteed issue critical illness plan may be what you want. It will accept you as no other carrier may although it will have a exclusionary period of a year.