How Cancer Insurance Will Help You



How Cancer Insurance Will Help You
This kind of a plan helps fill in the unknown gaps in your health coverage and disability insurance. One of the unique benefits that comes on almost every insurance plan of this kind is the wellness benefit. Even if you have never been diagnosed with cancer you can still receive benefits by getting your regular cancer screenings done. It doesn't matter what your health policy covers or don't cover, your Cancer Insurance companies pay you and not the doctors!

Middle Aged Men Face Rising Skin Cancer Risks

The Skin Cancer Foundation is taking the opportunity this Father's Day to highlight the risks that men above the age of 40 tend to face when it comes to high levels of sunlight.

In a recent announcement, the foundation noted that a growing number of people are diagnosed with melanoma each year, even as many other types of cancer see their numbers diminish. Men above the age of 50 were said to show the largest increase in deaths from melanoma. "Melanoma is a concern for everyone, but adults over age 40, especially men, have the highest annual exposure to UV radiation," said Dr. Perry Robins, president of The Skin Cancer Foundation, "The sun's UV radiation is associated with about 90 percent of all skin cancers. We need to work harder to reach men with our messages, and give them the tools they need to protect themselves."

People have long been advised to apply sunblock when spending time at the beach and other outdoor spaces, especially during the hot summer months. However, people who spend a lot of time driving vehicles could face an elevated risk as well on the left side of their bodies. This is based on research from the St. Louis University Medical School which found that 56 percent of skin cancers found in men on their heads and necks were on the left side, which is exposed to the sun during driving.

Cancer can happen to anyone, so it is good to be covered in case it happens to you.

The Skin Cancer Foundation advises people to consider darker and denser clothing to help absorb more ultraviolet radiation when outdoors. Wearing a brimmed hat can be another way to reduce the risk of skin cancer. However, the foundation warns that baseball caps will not typically provide significant protection from the sun. Sunglasses and a sunscreen with a sun protection factor above 15 are also strongly recommended when spending time outdoors this summer.

A skin cancer diagnose can be extremely dangerous and even those with minor cases can face high medical bills and elevated health insurance premiums.

With this in mind, it's advisable to know the warning signs of skin cancer. For example, moles and freckles with a diameter larger than a pencil eraser are considered suspect. Also, skin markings that change shape or color should also be checked by a physician at once.
QUESTION:
I had cancer almost 5 years ago. Do I have a chance at getting life insurance once I hit 5 years of being clear? Thanks, cancer survivor

Asked by Anonymous from Anonymous


ANSWER:Cancer Survivor, Thanks for the question!:

Here’s the short answer: Yes, you do have a chance at getting life insurance. The likelihood depends on the details of your case—namely, the type of cancer you had; the stage it got to; the type of treatment you received; the number of years since treatment; and your current health.

For a long time, life insurance was out of reach for cancer survivors because insurance companies tended to focus on averages instead of individual cases. Fortunately, insurers today are more likely to look into the details of a person’s experience with cancer before reaching a conclusion. This means that more cancer survivors are obtaining coverage. It also means that more detailed applications stand a better shot. Finding an agent or broker you trust is another important consideration.

Although there’s a chance you will be able to get life insurance, don’t pin your hopes on a ‘preferred plus’ or ‘preferred’ rate. (Insurers set prices based on which risk group you fall into. There are four groups: preferred plus, preferred, standard and substandard.) As you might expect, those who fall into the ‘standard’ and ‘substandard’ groups typically pay higher rates. With advances in detection and treatment, however, the day is nearing when cancers survivors will be eligible for preferred rates.

So. Here’s what to do now: find a local insurance broker, preferably one who specializes in standard and substandard risk. Brokers represent multiple insurance companies, so if one insurer rejects your application, the broker can submit it to another (unlike a captive agent, who represents just one company). Also, keep in mind that every insurer has its own underwriting practices, so if you get rejected by one, that doesn’t mean that another won’t welcome you with open arms.
Best of luck!

Here are some common limitations:

Some policies pay only for hospital care. Today cancer care treatment, including radiation, chemotherapy, and some surgery, is often given on an outpatient basis. Because the average stay in the hospital for a cancer patient is only 13 days, a policy which pays only when you are hospitalized has limited value.

Many policies promise to increase benefits after a patient has been in the hospital for 90 consecutive days. However, since the average stay in a hospital for a cancer patient is 13 days, large dollar amounts for extended benefits have very little value for most patients.

Many cancer insurance policies have fixed dollar limits. For example, a policy might pay only up to $1,500 for surgery costs or $1,000 for radiation therapy, or it may have fixed payments such as $50 or $100 for each day in the hospital. Others limit total benefits to a fixed amount such as $5,000 or $10,000.

No policy will cover cancer diagnosed before you applied for the policy. Some policies will deny coverage if you are later found to have had cancer at the time of purchase, even if you did not know it.

Most cancer insurance does not cover cancer- related illnesses. Cancer or its treatment may lead to other physical problems, such as infection, diabetes, or pneumonia.

Many policies contain time limits. Some policies require waiting periods of 30 days or even several months before you are covered. Others stop paying benefits after a fixed period of two or three years.

MORE ON CANCER INSURANCE
Cancer Insurance provides benefits only ifyou are diagnosed with cancer, as definedby the terms of the policy contract. Thesepolicies offer limited benefits for the diagnosisand/or treatment of cancer.
Most Cancer Insurance policies provide benefits based upon specifiedhealth care costs and expenses incurred inconjunction with the treatment of cancer,though some policies may pay a lump-sumbenefit upon diagnosis. Cancer Insurance policies thatprovide more comprehensive benefits andcoverages will cost more than policies withlimited coverage.
In addition, premiums may increase as you get older, or may increase if total claims paid for consumers covered undera company’s specific cancer policy increasebeyond the company’s expectations.Cancer insurance is sometimes referred to as a“specified disease” or “dread disease” policy.Typically, policy contract provisions found inthis type of coverage are very specific andlimit benefits to narrowly- defined coveredillness and/or injury.
Specified disease policies generally exclude benefits for any disease orsickness that is diagnosed prior to the policyeffective date. Examples of other specifieddisease policies are heart attack or strokepolicies. Much of the information in thisdocument may be applicable not only tocancer policies, but also to these other typesof specified disease policies as well.

DO I NEED CANCER INSURANCE?
If you are considering the purchase of cancerinsurance, it is a good idea to carefully reviewyour current health insurance policies anddetermine how much coverage you wouldreceive from your existing health insurance,if you were to develop cancer. If you donot have comprehensive health insurancecoverage, you should consider purchasinga more comprehensive health plan prior topurchasing a Cancer Insurance policy.
If you are covered under Medicare anddesire additional insurance protection, acomprehensive Medicare supplement policymay provide you with adequate coverage.Medi-caid recipients may not need anyadditional insurance; if you think you mightqualify for Medi-caid, contact your local socialservice agency.
Duplicate Coverage is Expensiveand Unnecessary. If possible, buy acomprehensive health insurance plan first.Make sure any cancer policy will meet needsnot met by your major medical policy. Youcannot assume that duplicate coverage willproduce duplicate benefits. Some cancerpolicies advertise that they will pay benefitsno matter what your other insurance will pay.
However, your major medical policy maycontain a coordination of benefits clause orother provisions that would prohibit duplicatecoverage. To find out if you will qualify forbenefits from both policies, carefully reviewthe provisions of both policies.Cancer Insurance Might Not Cover AllCancer-Related Expenses.
Medical costsof cancer treatment vary. On average,hospitalization accounts for 78 percent ofsuch costs and physician services accountfor 13 percent. The remainder goes to othergoods and services, such as drugs and nursinghome care. Cancer patients often incurlarge medical expenses and non-medicalexpenses in connection with their treatment.Many times, incurred expenses exceedbenefits provided by cancer and/or specifieddisease coverage.
However, some individuals(especially those with a strong family history ofcancer or other dreaded diseases) feel moresecure with supplementary type coverageprovided by cancer and other specifieddisease policies. Regardless, it is important tocarefully review and understand cancer policyprovisions, limitations and claim requirements.




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