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Why Supplemental Cancer Insurance Offers Peace of Mind

Why Supplemental Cancer Insurance Offers Peace of Mind

Being diagnosed with cancer is something that nobody wants to think about. It is a life-altering illness that requires ongoing medical attention and creates stress for the patient and loved ones. A cancer diagnosis can have a lasting impact on your ability to provide an income for your family and pay bills, so it is important to plan and make sure you have the right coverage. When you have cancer insurance, you can take comfort in knowing that you and your loved ones will be taken care of should you ever receive the unfortunate news.

What is Cancer Insurance?

Cancer insurance is voluntary supplemental insurance that will help you pay for out-of-pocket expenses related to your cancer treatment. This insurance helps pay for medical expenses that are not covered by your primary medical insurance. It pays for things like transportation costs to go and get treatment as well as other wellness services that are designed to help you get better. Cancer insurance also provides you with the cash you need to pay for your mortgage, rent, utilities, food, and other needs that you might otherwise not be able to afford due to lost wages.

Why Should I Consider Cancer Insurance?

According to the American Cancer Society, over 1.7 million Americans are diagnosed with some form of cancer each year. When someone is diagnosed with cancer, they often have to undergo an extensive form of treatment that can include surgeries, chemotherapy, radiation, immunotherapy, and more. While many of these treatments are successful, patients often have to take time off work to get the treatment they need, and this can lead to lost wages. Sometimes cancer patients also have to travel long distances to get specialized care, which can lead to having to spend money on airfare, hotels, rental cars, and meals away from home.

If you have a family history of cancer, are a smoker, do not live a healthy lifestyle, or have worked in an environment with elements that heighten the risk of cancer, you should consider getting this coverage. When you invest in supplemental cancer insurance, you get the peace of mind in knowing that you will have financial support so you can focus your attention on getting better.

How Do I Submit a Claim with Cancer Insurance?

With most voluntary benefits insurance companies, you submit a claim along with your diagnosis paperwork from the doctor, and your case will be reviewed quickly by a claims representative. Depending on your specific cancer insurance carrier, you could start receiving payments toward your care in as little as 24 hours.

Is Cancer Insurance Affordable?

Yes! Insurance carriers want your business and work behind the scenes to make sure you get a competitive rate for this supplemental insurance. You can enroll for less than half of what you would spend per month on gourmet drinks from your favorite coffee shop. Many of these insurance carriers partner directly with your employer or health insurance agent, so your premiums are taken directly out of your paycheck on a pre-tax basis. You do not have to worry about remembering to pay the bill each month and can cancel at any time if you no longer feel you need the coverage. Contact a LIG health insurance professional to see what options are available from multiple insurance carriers who carry cancer insurance coverage.

How Can I Learn More About Cancer Insurance?

We recommend you call and speak with a LIG health insurance professional at 866-230-0222 who can assist you with your coverage needs and discuss coverage options through multiple insurance carriers to determine which coverage option best fits your needs.