Index | Miscellaneous | Cancer Insurance Do I Need It

Cancer Insurance Do I Need It

Your decision about Cancer Insurance should be based on three determining aspects: whether you will be able to sustain the costs you will incur in the event of cancer, whether your current coverage is enough to reimburse you for medical costs, and whether you have a strong family history of cancer. If you feel that you are not protected against exorbitant medical costs which may arise from such a devastating disease as cancer, it is necessary to think about Cancer Insurance or any alternative variants which will help you cover your medical expenses.

When deciding upon the necessity of Cancer Insurance, remember that cancer is considered to be a pre-existing medical condition, therefore no policy will cover you specifically for cancer if you have been diagnosed with this disease before you apply for Cancer Insurance.

If you are already enrolled in Health Insurance, you should make sure what liabilities your insurer accepts in case such a condition as cancer befalls you. If you are enrolled in Medicare, but you still want more coverage, it is advisable to purchase a Medicare Supplemental policy. Generally, these two policies are good enough to indemnify a great portion of medical expenses.

You should also keep in mind that some expenses related to cancer will not be indemnified even by Cancer Insurance per se. Home care, transportation and rehabilitation costs are usually excluded from coverage. Besides, many cancer policies have fixed dollar limits. Cancer-related diseases also remain out of coverage.

All these aspects considered and particular options analyzed, you will be able to determine your need for Cancer Insurance.