If you have a family history of cancer or other factors that place you at a higher risk of contracting the disease, you may be concerned that your basic healthcare plan won’t provide enough coverage for costly cancer treatments. In that case, a cancer insurance policy might give you some peace of mind.
What Does Cancer Insurance Cover?
A cancer policy is designed to fill the financial gaps when benefits stop being paid or expenses are not covered under a basic health insurance policy. Cancer insurance can help pay for both medical and non-medical costs like co-pays, deductibles, lengthy hospital stays, diagnostics tests, treatments and procedures, child care, travel and lodging expenses, lost income, and more.
Cancer policies vary on eligibility requirements and on the specifics of what is covered and how payments are made. Some pay a lump sum when you receive a cancer diagnosis, while others pay for specific treatment and care expenses, either directly to the provider or to you.
Cancer insurance is not to be confused with critical illness insurance. A critical illness policy normally pays out a lump sum for diagnosis of specific illnesses such as heart attack, kidney failure, or organ transplants. Some companies offer a combined critical illness/cancer policy.
For more than 20 years, Jon Nolan Insurance has been providing the most trustworthy cancer supplement insurance services for customers in Dallas, Fort Worth, Arlington, Frisco, and throughout our DFW service area. It’s important to note that you are only eligible for this kind of insurance prior to a diagnosis, so you want to think about buying a cancer policy before you could potentially need it.