Cancer Insurance
The Risks of Cancer
Cancer is the second leading cause of death in the United States. A diagnosis can affect a family's health, work, and finances. Personal risk varies, and healthy habits do not eliminate the possibility of cancer.
Along with medical bills, treatment can bring travel costs, time away from work, and other household expenses. Planning ahead can help you consider how you would manage those costs.
Plan for more than medical bills
Consider both your share of medical expenses and everyday expenses that may continue while you receive care.
Being Prepared
Some screening tests can find cancer before symptoms appear. Talk with your healthcare provider about which screenings are appropriate for your age, health, and risk factors. The National Cancer Institute explains the benefits and possible harms of screening.
Cancer insurance can provide a cash benefit following a diagnosis covered by the policy. Available benefit amounts, qualifying diagnoses, waiting periods, exclusions, and payment rules vary. We can help you review the policy details before you apply.
- A qualifying cash benefit may help with medical or household expenses.
- Check how a policy defines a covered cancer diagnosis and whether prior diagnoses affect eligibility.
- Review benefit limits, waiting periods, renewal provisions, and cancellation or refund terms.
- Compare the premium with your budget and the coverage you already have.
The examples below show possible uses of a cash benefit. A payment depends on meeting the policy's claim requirements.
| Expense | Possible use of cash benefit |
|---|---|
| Deductibles and copayments | Yes |
| Travel to treatment | Yes |
| Lodging | Yes |
| Family care | Yes |
| Groceries and utilities | Yes |
| Mortgage or rent | Yes |
| Other household expenses | Yes |