How Does Cancer Insurance Pay?

Cancer insurance is designed to be used with a comprehensive health insurance policy. It pays the policy holder in a lump sum once a doctor has confirmed a positive diagnosis. The benefits can be used in a variety of ways to help defer the cost of treatment.

Using Cancer Insurance to Pay Medical Bills

A comprehensive health insurance plan will pay a large portion of your medical expenses for treatment, but there is always a portion that is the responsibility of the policy holder. A cancer policy can be used to pay off the amount that is left over once the health insurance has paid its part. Sometimes this can be a significant amount, depending on the type of health insurance coverage.

Cancer Insurance for Out of Network Costs

Some people have to make a choice about their own health care treatment and those options are not always covered by a comprehensive plan. When a patient chooses a doctor for their cancer treatment that is out of the doctor network designed by their health insurance, the financial benefits of the health insurance are significantly decreased. The policy may cover a lower percentage of the total bill compared to an in network doctor. These benefits can help with the costs of out of network care.

Cancer Policy for Experimental Treatment Drugs

Experimental treatment and drugs are also an issue with a normal health policy and are rarely covered. A cancer policy will help you fund experimental treatments and drugs when a health care policy fails to. This leaves more treatment options open for the cancer policy beneficiary than someone who does not have this coverage.

Paying Non Medical Bills with Cancer Policy

Income lost during treatment can be devastating to a family. These pay outs can be used for everyday bills while receiving treatments. The house payment, car insurance, groceries, and even gas are things the money can be used for to get through those difficult times.

Cancer Insurance for Gas and Lodging

The money received from this additional policy can be used to fund expenses related to treatment. Sometimes treatments require travel and the cost for gas and lodging can add up quickly. Radiation or chemotherapy can be prescribed every day during treatment and being away from home can be costly.

When diagnosed with cancer, the cancer insurance pay out can be used in multiple ways. Whether for medical expenses or day to day bills, this additional policy will help a family through a health and potential financial crisis.