Contact a Medicare Life Coach today

TTY: 711

Monday - Friday | 8AM - 8PM (CST)

the pros of cancer insurance far outweigh the cons

Pros and Cons of Cancer Insurance

Cancer is a devastating and financially crippling condition. On average, cancer treatment costs $150,000. Lung cancer is one of the most costly types of cancer – the surgery alone costs $40,000, and there are still other costs to consider, like outpatient appointments, radiation, lab tests and imaging, the hospital’s room and board, nursing costs, and chemotherapy. Those are merely some of the costs, not all of them. It’s one expense after another and it will drain your bank account fast.

This is why cancer insurance exists. This will keep you out of insurmountable debt and you’re able to get the treatment you need without the temptation of waiting until it’s too late.

Cancer Insurance Pros

Cancer insurance is worth the purchase by default just by covering any of the aforementioned costs. To preface, the following vary depending on which specific policy you choose. Like other forms of insurance, deciding on a policy is a matter of preference and priority. This will be listed in terms of what you can expect to encounter.

The pros are:

  • Benefit flexibility. Some policies will allow you to up to $100,000 in benefits.
  • Scope of coverage. Covered costs include x-rays, outpatient visits, surgeries, anesthesia, chemotherapy, hospital stays, and more.
  • Some have no waiting period. Coverage begins immediately.
  • Other covered costs may extend beyond cancer, such as strokes, heart attacks, and organ transplants.
  • Relatively affordable premiums if you join early. If you’re in your 30’s, for example, you can expect your premiums to be $20 a month.

Cancer Insurance Cons

Cancer insurance has flaws, but not so much that it makes these policies irredeemable. As mentioned before, different policies will have their own shortcomings. What’s listed here are potential drawbacks you may run into when enrolling in a cancer insurance plan.

The cons are:

  • Waiting periods. If there is one, it’s 30 days. But you can’t predict when you’re going to be first diagnosed with cancer, and if it happens before the 30-day mark, then your cancer insurance won’t cover you upon the first diagnosis.
  • Cancer insurance shouldn’t be the only health insurance policy you get. It should be seen as a supplement to the insurance you already have. To go even deeper, you must be conscientious about how the cancer insurance will coordinate with your primary health insurance. This usually isn’t a problem, but issues can come up.
  • Plans are varied to a fault. Options can be overwhelming, and since each person has different needs and priorities, the selection process could be a lot of monotonous sifting. There isn’t any room for customization.

In Summary

Cancer insurance is a must. So the issue isn’t whether or not to get cancer insurance, but choosing between cancer insurance policies. You’ll encounter several options, many of which may not completely align with what you want.

However, we at Trusted Senior Specialists solve that final issue. The burden of having to look at each policy one-by-one doesn’t fall on your shoulders. We go through this, and it’s not even a burden to us, because we’ve been delivering high quality service for many years. And for 15 years in a row, our efforts have resulted in an A+ rating by the Better Business Bureau.

Experience excellent service by calling (855) 952-1941.