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A Cancer Insurance Policy is a supplemental insurance plan that pays the beneficiary a lump sum if you’re diagnosed with cancer.

Additionally, a Cancer Insurance Policy  can be purchased as a stand-alone policy.

Without proper planning, a cancer diagnosis can ruin all of your life savings and finances. Studies have shown that most people who suddenly find themselves diagnosed with cancer often file for bankruptcy, as the average cost of cancer treatment can run into $150,000.

A health insurance plan may pay for initial diagnosis costs, procedures, and treatment, but there are other related costs that it may not cover. These include:

Deductibles:

• Travel expenses to medical facilities for treatment.
• Experimental treatments.
• Lost wages of a beneficiary or spouse.
• Co-pays.
• Childcare.
• Out-of-network providers.
• Other expenses aside from the immediate plan benefits.

The Difference Between Cancer Insurance and Other Insurance Plans.

Note: Cancer Insurance isn’t supposed to take the place of any insurance coverage you have. It’s meant to supplement and not replace. The following are some of the insurance coverage plans that may cover cancer costs, and they include the following:

• Health Insurance: It may provide benefits for cancer procedures and treatments, but most plans don’t cover full treatment costs.
• Disability Insurance: Replaces a portion of your income if you are unable to work due to cancer.
• Critical Illness Insurance: This is almost cancer insurance. It pays a lump sum to the beneficiary on the first cancer diagnosis.
• Life Insurance: Pays a lump sum benefit if you pass away from cancer.

Consult with a licensed Pennsylvania insurance agent concerning cancer insurance and its value to your insurance portfolio. Stay prepared by planning your finances now. Call LHGBENEFITS.COM NOW!