How Does Cancer Insurance Differ From Health Insurance?
You may have assumed that cancer would fall under the umbrella of standard health insurance, but the truth is there are some holes that traditional health plans do not cover. Cancer insurance fills these holes by providing assistance with things like:
- Loss of income
- Lodging and meals
- Deductibles and copays
- New and experimental treatments
In addition, most cancer insurance plans provide a cash benefit to you yearly for annual cancer screenings. These preventative exams are very important since they help to catch a diagnosis as early as possible, reducing both the mortality risk and the long-term cost of treatment.
Who Can Benefit From Cancer Insurance?
Some people are more at risk for cancer because of their lifestyle. Common risk factors include:
- Excessive exposure to sun
- Certain chronic conditions (ie. ulcerative colitis)
- Family history
Though these risk factors are definitely worth taking into consideration, the truth is that nearly 40% of American men and women will be diagnosed with cancer at some point. Cancer is a disease that can strike anyone regardless of their age or lifestyle, and it seems to strike suddenly and without warning. A cancer diagnosis can take a heavy toll on both your finances and your mental health. It can impact your family profoundly as well. Everyone can benefit from the peace of mind offered by cancer insurance.
Most cancer insurance is offered through the workplace as a voluntary benefit, enabling employees to choose to opt in or opt out based on their personal preferences. When it comes to making this decision the most important thing an employer can give his employees is knowledge, so that they can make an informed decision and choose the level of coverage that fits them best.
At Summerlin-Roberts we pride ourselves on being caring, flexible, and cost-effective. You can find more about the employee benefits offered by Summerlin-Roberts here and contact us to talk with a representative about providing cancer insurance for your employees.