One in three people in the United States is projected to get cancer in their lifetime. With cancer comes many unexpected and compounding costs such as child care, travel, lodging, and lost income on top of the procedures and hospital stays. While expendable income may not cover these expenses, the payments from cancer insurance can help.
What are Cancer Plans?
Cancer insurance often comes in the form of a lump sum of cash payments that you can use as you wish toward expenses related to your cancer treatment. It is best to purchase coverage before you have cancer for the highest probability of acceptance. If you are currently employed, you may be guaranteed to be accepted. Most plans are guaranteed renewable, meaning you can retain the coverage year after year regardless of changes in your medical history.
What are the Costs of Cancer?
Cancer involves medical bills, time off from work for treatments, living expenses, copayments, deductibles, hospital stays, diagnostic tests, treatments and procedures, and prescriptions in addition to transportation to and from appointments.
What Does Cancer Insurance Cover?
Cancer insurance plans often have an express payment for initial diagnosis and recurring instances of cancer. The funds provided by your insurance may be used as needed to cover your expenses. Other plans have coverage benefits for wellness screenings and tests. Plans may also cover surgery, radiation, therapy, and transportation for treatment and family lodging.
Contact Our Experts At Generations Insurance
The emotional hardship brought on by cancer is weighty enough without worrying about financial difficulties. To help decide whether cancer insurance is right for you, speak with an expert at Generations Insurance.