Cancer Insurance Coverage
Even if you have health insurance, not all the expenses of treating cancer may be covered by your current insurance policy. The cost for treatment greatly varies from case to case. However, they are still all considerably expensive. These expenses include hospitalization, radiation and chemotherapy, as well as different tests, medications, and even visits by your physician and other related medical expenses.
Due to the complex medical procedures and treatments often involved with cancer, the expenses that you incur will often be greater than the benefits and cancer coverage that you get from within your basic health insurance policy. Even the best health insurance plans will have out of pocket deductibles, co-payments, and co-insurance requirements with their treatments.
Before you choose your cancer insurance policy, it is necessary that you familiarize yourself with what the plan has to offer. Although it may be an added expense, cancer health insurance offers a lot more supplementary benefits, even more so if the insured person comes from a family with a history of cancer.
Choosing the Right Coverage
To get the most value from your cancer coverage, you have to choose a policy that provides coverage that best suits your specific needs as well as the most number of treatment areas with a reasonable premium rate. Here are some pointers to help you choose the right one:
- The policy coverage should include medication, surgery, physician’s visits, and hospital stays. Radiation and chemotherapy is included in most policies. If it is a lump sum cash benefit, all the better and the money upfront comes to you the insured. This will help to alleviate most other bullet points below.
- Medical problems that may result from your disease or the treatment itself should also be covered.
- Policies that also cover traveling expenses of the insured person are also a good idea.
Areas of Treatment
The majority of available cancer health insurance policies cover these following areas of treatment:
- Charges incurred during hospitalization, including nursing and room costs.
- Physician charges for specific treatments and related visits.
- Expenses from surgery, including supplies and services.
- Standard cancer treatments, including chemotherapy, radiation, and related procedures.
- Ambulance transportation.
- Needed blood transfusions for surgery or treatment.
- Prescription drugs used for treatments.
If you purchase a lump sum cancer insurance policy, the above benefits will not be a concern because coverage amount is paid to you directly from the carrier in what is called a lump sum cash cancer payment. Of course, they are affordable and provide money when you need it—right away—and you can use the money in any way you choose, period. Again, most medical will be covered under your health insurance, but non medical expenses are where lump cash policies excel for the consumer.
Some policies do not provide coverage for specific types of cancer. For example, there are supplements that do not include treatment procedures for skin cancer. There are also some that will only provide coverage if the insured person is hospitalized.
You’re Not Alone
It is confusing at first but simplify your search. The good news is that you are not alone. At Resource Center, whether cancer insurance supplement or critical illness insurance suits you, we can help you explore the best options available to you and tailor a plan to meet your needs. Call us now at 1 (561) 210-5822 and speak to our experienced and helpful agents to get the answers you deserve. The average policy for group plans is around $20 per month and around $30 for individuals depending on the type and amount of coverage required.
