Cancer insurance can alleviate costs linked to cancer treatment that is not covered by large medical insurance. Due to these hefty costs, cancer treatments require that patients miss work and lose income. Get started with one of our insurance specialists today to learn how you or your staff can get covered by cancer insurance.
Cancer Insurance When It’s Most Needed
A common type of cancer insurance supplies a lump sum benefit if a policyholder is treated or diagnosed with a covered cancer. Additionally, the policyholder can use the money to help pay for medical and non-medical expenses.
Also, people confronted with a cancer diagnosis must consider their treatment options. They have to search for a way to meet coinsurance, co-payments, insurance deductibles, and more:
- Childcare and pet care
- Frequent transportation to and from health facilities
- Household bills such as utilities, rent, loans, and tuition
- Lost income due to time off work to care for a family member
Minimizing Your Risks
Furthermore, family history and lifestyle play significant roles in a person’s chance of developing cancer. Fortunately, you can protect yourself, enhance your overall health, and reduce cancer risks. So, this can be done by maintaining a healthy diet, being physically active each day, and keeping a healthy weight.
In addition, it’s recommended not to use tobacco products, minimize consumption of red meat, avoid processed meats, and reduce alcoholic beverage intake.
Getting Covered with Cancer Insurance
Moreover, insurers will ask you questions to examine your risk and price your cancer insurance coverage appropriately. Additionally, several factors affect the premium costs, such as:
- Your age: As you become older, you’ll most likely develop cancer, and your cancer insurance premiums will be more expensive.
- Health status: You’ll also be asked if you have been treated for cancer in the previous 5 to 10 years or another health condition with potential malignancy.
- The types of coverage: Lastly, comprehensive coverage tends to be costly. Lump-sum coverage plans usually cost more than expense-incurred policies or indemnity plans.
As a result, you should consider critical illness insurance since cancer insurance explicitly covers cancer. It will not assist you if you happen to develop other health conditions.
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Are you a business looking to provide your employees with essential voluntary benefits? If so, look no further than The MWE Partnership. When you choose The MWE Partnership, you get experienced service and comprehensive voluntary benefit options that will meet all your employees’ needs. With over 17 years of experience, The MWE Partnership is your go-to provider for all your supplemental benefit needs. If you are interested in finding out how The MWE Partnership can help your business, contact us today! We encourage you to like our Facebook page and follow us on Twitter and LinkedIn for the latest voluntary benefit news!