Cancer Insurance

Cancer is an insidious disease. It is no respecter of age or station in life. It strikes young and old, rich and poor and just about anybody in between.  There are those who say that the incidence of cancer is greater here in the Panhandle of Texas than most other places around the country. Whether that is true or not, I will leave to those who make speculations about such things. All I know is that cancer carries with it the specter of huge medical bills and great suffering.

I can’t insure you against the suffering but I can do something about those ever mounting medical bills as well as the ancillary costs of cancer treatment, the transportation expenses, the meals (even if you can’t keep them down, you still have to pay for them) and the lodging expenses you are sure to have if you go out of town for your treatment since so much of the treatment you will receive will be on an out-patient basis.

Cancer Policies are traditionally very cheap as compared to full coverage policies and most of the better plans offer what’s known as a Schedule of Benefits. In other words, the policy will pay so much for this service or supply, so much for that service or supply and so forth. Most have a very short waiting period before they will cover a cancer…30 or 60 days, in most cases.

That means that the cancer has to manifest itself after that waiting period is over in order to be covered. This is done to prevent people from buying a cancer policy when they’ve just been diagnosed with cancer or they have symptoms that ultimately turn out to be cancer and then expecting the insurance company to pick up the tab. If you genuinely come down with cancer after that waiting period is over, the policy will pay. All the insurance company is doing is asking that we, all of us, be as honest with each other as we can.

Some Cancer Policies will pay a Lump Sum First Occurance Benefit. Virtually all of them pay a Daily Hospital Benefit, a Daily Physicians Benefit, a Daily Nurses Benefit, a Radiation Benefit, a Chemotherapy Benefit, and Ambulance Benefit, a Blood Benefit and others. And these policies, because they are supplemental in nature, must pay their full benefit without coordinating benefits with your primary insurance (although they can coordinate benefits with another cancer policy if you have one). This means that you will often receive more money for a particular medical expense than the original expense. Trust me…you’ll need it.

Cancer has associated with it a lot of non-medical but still cancer related expenses such as transportation, meals and lodging. The extra money paid by the cancer policy is yours to do with as you please. You can use it to help pay for some of those non-medical, but still cancer related expenses.

Standard Life and Accident, the Parent Company of American National, has the best Cancer Plan I am aware of. It offers two sets of benefits from which to choose so you can customize your policy to fit your particular wishes, desires, situation and budget.

For a quote on this coverage, simply go to the Get A Quote Page, fill in the information and submit it. As soon as I get that quote request, I will run the numbers for you and email it back to you. Keep in mind that, just because you request a quote, you are not obligating yourself to anything. If you want the insurance, let me know and, if you don’t, that’s OK, too. My job is to offer it to you. It’s the old story of the horse and the water. I can lead you to what you need but you’ve got to decide you want it and get in touch with me.