Interesting articles about insurance

<img src="Cancer Insurance.jpg" alt="Cancer Insurance" width="133" height="95">

Cancer insurance is an optional supplemental health insurance to assist in managing the risks of cancer. As a relatively new trend, it is meant to ease the costs of cancer treatment and therefore financial support to the policy holder. Support that is based on the terms of a policy. Premiums will depend on the risk related to covering the disease. Cancer Insurance emerged only around 50 years ago to meet demand coming from cancer sufferers.

Cancer insurance is not intended to replace standard health insurance coverage but to supplement such insurance by giving cover for a disease that often results in high medical costs. In recent years, new areas of cover developed such as uterine cancer and breast cancerin males. There are many types of plans that cover various forms of cancer.

 

Benefits of Coverage

Cancer insurance policies typically offer wellness benefits to help those suffering from cancer or at risk, to change to healthier lifestyles. These benefits can offer financial support for programs such as tobacco cessation, gym memberships, and dietary changes.

The insured may get access to information regarding healthy lifestyles and to wellness tests for early detection of disease. These tests include mammograms, Pap smear tests, colonoscopies and others.

The benefits are often designed to diminish the effects of cancer or encourage the prevention of it. Benefits differ amongst companies. Many benefits relate to medical expenses, which may include cancer treatment. Other benefits relate to non-medical costs such as transportation, food, home and child care and certain bills.

Coverage Concerns

Because of the risks of serious health issues such as cancer, Health Insurance companies often exclude coverage. Standard health insurance policies do not offer coverage for cancer. Therefore supplemental insurance policies, designed to cover cancer, will be useful. Eligibility to qualify for cancer insurance, vary from insurer to insurer and could sometimes pose a problem.

Some myths regarding cancer insurance are:

  • If I get sick, my policy will be canceled; which is untrue. As long as you pay the premium there is no reason to cancel your policy.
  • I have to use special health care facilities. This only applies to your health insurance, never to supplemental coverage
  • If I’ve had cancer before, I can’t get this plan, which is also far from the truth. If you’ve been cancer free for at least 5 to 10 years, you can apply for approval.

 

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This article originally posted on http://insuretodayblog.com/and re-posted here with permission.

 

Ref.:  http://www.cancerinsuranceinfo.com/

         http:// en.wikipedia.org/wiki/Cancer_insurance

 

 

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