Cancer Insurance

First-Diagnosis Cancer Insurance

The concept of Cancer Insurance is very simple. If the insured gets diagnosed with cancer (except skin cancer), they will receive a lump sum of money from the insurance company, regardless of severity or existing health insurance coverage.

Why do I need Cancer Insurance?

We would all like to believe that if we have health insurance we are fully covered. Unfortunately, that is not the case. It doesn’t matter if you have Medicare, private or group health coverage, you will have many uncovered expenses.

“Cancer patients too often find out that their insurance doesn’t protect them when they need care the most,” said John R. Seffrin, PhD, national chief executive officer of the American Cancer Society. “High out-of-pocket costs coupled with high cost of insurance premiums can force cancer patients to incur huge debt, and to delay or forego life-saving treatments. 1″

Drugs are often one of the highest expenses for cancer patients. Cancer drugs are always being updated and changed, therefore increasing in cost every year. Medicare has even been cutting back on payouts for certain drug, specifically in late 2007 they cut payouts for two very expensive cancer drugs2.

Individuals and families are finding themselves buried in unexpected medical bills. Cancer is stressful, emotional, and physically taxing – no one needs the added weight of financial burdens. Cancer Insurance, for a very reasonable monthly premium, will aleviate these expenses and provide you the added flexibility you would need in this difficult time.

Cancer deaths are decreasing in this country, but cancer rates are not. This means that people are surviving cancer more than ever before, making it more expensive than ever before. Everyone knows someone who has battled cancer, many times it is someone in their own family. Cancer is not age or gender specific, so everyone should have coverage.

Most individuals can get a Cancer Policy for just pennies a day.

Please take a moment to watch this 9 minute video on cancer costs and how it affects people.

The Cost of Cancer Video

1 American Cancer Society, “Private health Insurance doesn’t protect cancer patients from high costs”, http://www.cancer.org/docroot/NWS/content/NWS_1_1x_Private_Health_Insurance_Doesnt_Protect_Cancer_Patients_
from_High_Costs_Report_Illustrates.asp
2 The New York Times, “Medicare cuts payout on 2 cancer drugs”, http://nytimes.com/2007/12/07/business/07drug.html?_r=1&pagewanted=print&oref=slogin