A Quick Analysis Will Help You Determine If You Need Cancer Inurance
In trying to determine whether or not health insurance for cancer is worth it, one should first attempt to predict how likely they are to even get cancer. Next, they should figure out the approximate cost of such treatment, and whether or not their current health insurance policy alone might cover it.
The Statistics Say That Depends Upon Your Current Insurance Plan
According to the American Cancer Society, one out of three women and one out of two men are at risk for developing cancer in their lifetime. Even if a person is blessed with some form of health insurance, he may still be forced to dig deep in his own pockets as the prices of treatment for cancer continue to rise steeply.
Even if you are already receiving coverage for cancer under your existing health insurance policy, there are some cancer insurance policies that will continue coverage regardless. However, you may discover that as your cancer insurance kicks in, your current health insurance policy will discontinue certain aspects of its assistance.
Though it is human to have fears about one's future health and to be prepared for the worst, many single-disease insurers instill great fear of contracting a catastrophic illness into a potential buyer. What these dealers do not tell the consumer is that having health insurance for cancer may not be worth it if it does not contribute to the actual diagnosis of it.
It is rare that a cancer insurer will sell a cancer insurance policy to a person who has had or currently has cancer. This is known as a pre-exiting medical condition. In some cases, a cancer patient who has been in remission for at least five (sometimes ten) years can still be eligible to purchase cancer insurance. Even if a patient was not aware that they had cancer at the time they purchased cancer insurance, some companies will discontinue assistance and void the policy altogether.
In the event that a person does receive the horrible news that they have cancer and already has health insurance for cancer, their current health insurance policy will generally cease to cover what the cancer insurance covers. In order to ensure that a cancer patient will not miss out on benefits and assistance overall, they should clearly attempt to understand what may potentially be uninsured or excluded from having simultaneous policies.
Having cancer means having many other non-medical expenses as well. The costs of in-home or hospice care, family counseling, transportation to and from treatment, and the treatment of other co-current diseases contracted as a result of having cancer are hardly and rarely paid for with cancer insurance itself. Some cancer insurance policies only pay for hospital care, but what the insurer does not tell a patient is that the average hospital stay for a cancer patient is a mere two weeks total.
Other types of cancer insurance payout the patient only a one-time lump sum, and charge a larger premium if the insured wants a larger quantity lump sum. Often the premiums increase, depending upon the previous lifestyle habits of a person, or as their age increases.
Evaluating your existing coverage from the health insurance you may already have can help you decide whether or not to invest in single disease policies like health insurance for cancer. Weighing out how likely you are to get cancer based on your family's history, your age, overall health condition, and your personal habits can predict your risk of getting cancer.
Common sense can tell a person that if they at least have comprehensive health insurance, and regularly receive medical check-ups, illnesses like cancer will be detected much earlier. Purchasing affordable disability insurance to supplement your medical coverage can also put your mind at ease in the unfortunate event that you cannot work long-term if you are diagnosed with cancer.
Whether health insurance for cancer is "worth it" or not is up to a person's individual circumstance. Although three out of ten Americans are statistically predicted to get some form of cancer in their lifetime, seven out of ten will not.