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Cancer will affect 1 in 2 men and 1 in 3 women according to the American Cancer Society (2003 statistics) sometime during their lifetime.

Cancer insurance helps employees and their families provide financial security if cancer has been diagnosed. Most insurance companies have several levels of coverage. Pricing is usually broken down by employee, employee and spouse, employee and dependent children, and full family.

Most cancer contracts provide a wellness screening as a financial incentive to make sure all covered insured’s. Early detection of this disease, decreases future claims and saves lives.

Many insurance companies have a waiting period and will not pay claims for the first 30(differs between insurance companies and states) days.

Cancer insurance, is a reimbursement form of insurance that pays in addition to whatever type of health insurance coverage you have. Cancer Insurance may pay for Cancer Screenings, Ambulance,  Home Healthcare, Family Care,  
Hospital Confinements, Medical imaging,  Experimental Treatments, Prosthesis,  Antinausea Medication, Radiation, Surgery, Trnsapotation, Lodging and other procedures and expenses regardless of the type of health insurance coverage you have. Various cancer treatments may have the insured paying 2 or 3 deductibles per day and at $40 per co-pay over 3 or 4 weeks can be quite expensive.

Benefits of Cancer Coverage

Cancer insurance, one of the most popular supplemental benefits offered can help attract and retain employees.

As an employer, it provides a more comprehensive benefits offering.

With higher deductible plans it can help offset deductibles.

Can treatment is expensive and often lengthy, and cancer insurance helps employees pay for the costs associated with this disease.

The reimbursement for treatment can be used for satisfying deductibles, home care, lost wages, both direct and indirect costs associated with cancer as well as additional living expenses.

Like most supplemental benefits these policies are portable.

Optional Riders

First Occurrence-pays additional funds for the first diagnosis of internal or skin cancer

Critical Illness Rider-may add additional coverage for Heart Attack, Stroke, End stage Renal Failure and a host of other issues.

Wellness rider- Usually pays between $50 and $100 for a annual cancer wellness screening.

No benefits will be payable for the Covered Person's Pre-Existing Conditions. They are defined as a Cancer that was positively diagnosed within ten years(the number of years varies by state and insurance company(prior to the Covered Person's Effective Date of Coverage under a Policy),