Reasons to Consider Cancer Cover
The progress that is happening is visible every day in almost all spheres of life. Science, technology, methods of communication have advanced significantly, and an incredible shift has been made in medicine and pharmacy.
But even after so many revolutionary discoveries, no cure has been found and confirmed for one of the worst plagues that humanity is struggling with – malignant diseases.
For more information on these conditions, check the link below:
Cancer is not a creation of the modern world, but we know a lot about it today. The modern way of life has brought numerous changes in habits, diet, physical activity, as well as exposure to harmful influences from the environment.
That results in an increased risk for malignancy. The number of people in the world who become ill or die of cancer is expressed in the hundreds of thousands on a daily basis.
The best way to fight malignant diseases is to reduce the risk and prevent it. Although it’s known which factors can influence the appearance of cancer, prevention is not always possible.
When the disease appears, the success of the treatment will depend on many things. But the most important is the cancer stage at the time of diagnosis.
The treatment costs will also depend on that. In general, they can be pretty high, considering advances in technology and new methods of diagnosis and treatment applied in hospitals worldwide.
This financial moment gave birth to something new and valuable – a cancer cover. The number of insurance companies offering this policy to their clients is growing every day.
Things to Know About Cancer Insurance
Cancer coverage is not a brand new health insurance vehicle. Traditional plans cover malignant diseases, but only to some extent. They include hospitalization and basic health care, but that’s often not enough for the cost of complete treatment. That’s where cancer cover can be of great help.
This insurance policy doesn’t replace traditional health insurance but compliments it. It helps people cover the rest of the costs that are not included in their health plan. Although companies can customize these policies to the needs of each client, most of them cover both medical and non-medical costs.
Medical costs can include hospital stays (even extended), lab analyses, and all types of diagnostics. So you can do tests in specialized clinics that have the latest equipment.
Besides, this coverage includes the latest surgical methods and procedures such as stem cell transplants.
Let’s not forget about the non-medical costs that are inevitable if you get cancer. While in hospital, you won’t be able to work, which could jeopardize your and your family’s livelihoods.
That is why this policy includes the costs of home care, loss of income, family support, etc.
Who Can Buy Cancer Cover
If you ever get malignant, you can be down both physically and emotionally. You don’t need an extra burden of financial costs.
That is why you have the option of additional insurance in case of cancer. It can help you go through the entire treatment process as smoothly as possible.
Anyone who thinks they have a certain predisposition to tumors can start paying for this policy. You may be working in a place with a high level of radiation.
Or you may have a history of this disease in a close family. And maybe you just want to prevent all the risks and protect yourself and your loved ones from financial burden.
Cancer insurance is not general and doesn’t apply to everyone. Insurance companies have certain restrictions on who can buy this policy.
Even if they are cured, people who have been previously diagnosed with any malignant disease can’t carry this policy. Maybe they could, but the premiums would be high as the chance of disease recurrence is high.
That also applies to conditions that can be predisposed to cancer, such as HIV or some other autoimmune disease.
Things to Know Before Policy Purchase
If you are considering cancer cover, you need to be aware of the real risks. For example, people with a family history of these diseases should protect themselves in this way. They must provide detailed reports on these cases when purchasing insurance policies.
The same goes for workers exposed to toxins or radiation. Even though you wear protective gear and follow safety measures at the workplace, you’re still exposed to harmful influences. The policy cost will depend on the risk of getting sick. The higher it is, the higher the premium will be.
Consider the options you have. Talk to your insurance agent about a policy that fits your needs and budget. See if it offers the coverage you need. A basic health plan along with cancer-specific insurance doesn’t mean you are fully covered by default.
So get well acquainted with the policy terms to avoid unpleasant surprises at the worst possible moment.
Benefits of Cancer Cover
When it comes to health, no expense is too high because you all want the best for yourself and your loved ones. Still, hospital bills can sometimes be enormous. A person with an average income can have great difficulty settling them.
You will probably spend all your savings, take out a mortgage or a loan to get out of this situation. That’s too many extra costs and too much stress.
So, if you have in mind how much savings good insurance can bring you, cancer cover is a must-have policy, and you won’t think twice. Most insurance companies offer high coverage at very affordable premiums.
Also, the period you can pay for insurance is very long, even up to 50 years – not bad if you consider a carefree old age.
Make sure to have a policy with the broadest coverage. It should include both minor and major ailments. If you get diagnosed with a minor malignant condition, you can get a portion of the sum insured while your policy is still valid.
The premium fee may be lower, and in the case of more severe conditions, even abolished. So, you will pay zero fees, and you will still be insured (to the end of the policy).
The Best Health Care Provided
Saving money is a good thing because you don’t know how your life will turn out if you get a malignant disease. With good insurance, you are relieved of this issue, as your insurance company will cover most of the treatment costs.
Also, most non-medical expenses will be solved, too, meaning less burden for your loved ones.
When you are a cancer policyholder, you have many treatment options available. Because insurance companies work with reputable hospitals and private practices, you can be treated wherever you want.
Every hospital within the network will provide you with the best treatment, whether you pay deductibles or not.
Less Burden to Family
Cancer cover includes a large portion of non-medical costs (to understand them, see this source). In this way, your family is relieved of additional burdens and worries if something happens to you, as the insurance carrier.
They will receive some financial help to help you get through your treatment. It is a form of income compensation that you can’t earn while you are ill. In difficult times, this kind of support means a lot.
The coverage you receive from cancer insurance is not taxable. It’s a payment that you are entitled to on the basis of health insurance, so you can claim a tax deduction for it. You can even gain some extra tax benefits for paying regular premiums on this policy.
The priority for cancer patients is recovery and a return to normal life as soon as possible. They should go through that period with as little stress and expense as possible.
Malignant disease coverage will certainly bring them some relief and contribute to the success of the treatment.
About The Author:
Stefan Savevski: web content writer/WordPress editor/web researcher. Faculty of Electrical Engineering and Information Technologies.