What is Cancer Insurance?
Cancer insurance is a health insurance product designed to meet the costs of cancer treatment. There are some differences between policies: some cover only cancer, while others cover a range of serious diseases. Some will pay a sum if you meet certain conditions or need specific procedures, while other types of coverage, like critical illness insurance, pay a lump sum directly to you when you’re diagnosed with cancer. You’re free to use this money in any way you need. Traditional health insurance only covers certain procedures, doctors and costs, and often requires you to reach a certain minimum amount (a deductible) before it fully kicks in.
Cancer coverage is often very affordable, and the payment, or benefit, can be used anywhere for anything. You can use it to help pay for travel costs, surgeries, experimental treatments, or even your mortgage while you can’t work. It’s a flexible way to make sure you have money to rely on in case of cancer.