Cancer Insurance

Cancer Insurance from Aflac May be Right for You

 As the most common disease in America, cancer is a serious concern for everyone. If you have a high risk of getting it, you may want to consider acquiring a policy that will help pay for your treatments.

Although cancer can be expensive, there are several options for insurance coverage for both patients and their families.

Understanding Cancer Insurance

Cancer insurance is insurance that can help pay for the financial costs associated with cancer. It works by paying out a lump sum if you're diagnosed with cancer or other serious illnesses.

This may seem similar to critical illness coverage (sometimes referred to as “CI”), which pays out when you suffer from one of several serious conditions like heart attack and stroke. But there are some key differences:

Cancer coverage typically covers more than one diagnosis—some plans will pay out if you have several types of cancers at once, while others will make payments for up to six different types.

Unlike CI riders, cancer insurance does not require that you have been diagnosed within a set period of time after purchasing the policy; many policies only require that you've had no prior history at all before being eligible for coverage.

In addition to providing peace of mind, purchasing this type of protection can also give some peace during times when treatment may be painful or inconvenient.

Cancer: The Most Common Disease in America

Cancer is the second leading cause of death in America. It's also the most common disease in children—and the most common diagnosis for women and men alike.

It's clear to see why cancer insurance can be a vital part one's finances.

What to Look For in a Cancer Insurance Policy

Cancer insurance is one of the most important types of coverage you can buy. It's important to understand what factors should go into your decision-making process when purchasing cancer insurance, such as:

Understand the terms and conditions of your policy before you sign on the dotted line. Cancer treatment can be expensive; make sure that any policy you consider covers the right treatments at all stages.

Make sure that your policy covers all forms of cancer, not just a limited number listed in its fine print. For example, some policies may cover breast cancer but not prostate cancer. If this is an area where you have a high risk for developing disease (or if someone close to you does), make sure it's covered by your plan before signing up!

Some policies won't cover certain types because they were already present when applying for coverage. Be careful about this if buying through an employer-sponsored group. They tend towards having strict criteria around these matters (and may even refuse altogether).

The Difference Between Aflac's Cancer Insurance and Major Medical Insurance

Aflac's Cancer Insurance is a type of supplemental insurance, which means that it supplements the benefits you receive from major medical insurance. That said, it is not a substitute for major medical insurance or health insurance. You can't choose to buy just Aflac's Cancer Insurance and expect to be covered in case of an illness or injury.

If you have Aflac major medical coverage and decide you want cancer coverage as well, it would make sense for you to add on the cancer policy instead of having two separate policies.

Know what you're getting.

To be sure that you are getting the right policy, it's important to know what you're looking for. There are many factors in selecting a policy. Your age, health and family history can all play an important role in deciding what type of cancer insurance is right for you.

When researching policies, be sure that the benefits match your needs. Some policies may limit the amount of coverage per year or up to a maximum dollar amount over time. Others may require specific tests or treatments before they will pay out on claims.

How Much Does Cancer Insurance Cost?

The cost of cancer insurance is dependent on the type of policy, as well as your age and health history. It's also important to note that premiums are different for men and women. Additionally, the cost of cancer insurance will vary depending on where you live. Prices may be higher or lower depending on the state you live in.

How Much Does Cancer Treatment Cost Without Insurance?

Cancer treatment costs can be high, depending on the type of cancer and treatment. In some cases, cancer treatment costs can be covered by insurance, but not always. Cancer treatments may also be covered by government assistance or even a charity if you're uninsured.

Is Cancer Insurance Worth It?

Whether you’re a 30-year-old woman with no family history of cancer and no chronic conditions, or a 60-year-old man with diabetes, heart disease, and prostate cancer in your family—cancer insurance is worth it.

The National Cancer Institute estimates that more than 12 percent of Americans will develop cancer in their lifetime. With so many people facing the possibility of cancer diagnosis and treatment, it only makes sense to protect yourself and your loved ones with life insurance that can cover some or all of these expenses.

What Does Aflac Cancer Insurance Cover?

Aflac cancer insurance covers the cost of treatments and procedures to combat the disease. The policy pays up to a certain amount per year, based on what type of coverage you choose:

Basic Coverage. Basic coverage pays for some common treatment costs associated with cancer, including hospital stays and outpatient visits. It also covers follow-up care required after completing initial treatment for early stage cancers (also known as localized cancers). Some examples are chemotherapy and radiation therapy.

Major Medical Coverage*. Major medical plans cover all of the basics included in basic plans. They also include more expensive treatments like bone marrow transplants or stem cell transplants (for leukemia patients), radiation therapy that's not covered by other types of insurance policies (chemotherapy), dialysis, artificial joints, transplanted organs such as kidneys and livers and more. 

Who Qualifies for Cancer Insurance?

To qualify for cancer insurance, you must meet certain criteria based on your age and health.

Your age is one factor that determines if you can get this kind of coverage from Aflac.

The second factor is their overall health condition and whether it makes them more likely than others to develop certain illnesses. (ie: genetic predisposition).

Can You Get Cancer Insurance After a Cancer Diagnosis?

If you are diagnosed with cancer, you can apply for cancer insurance from Aflac. If a specific type of cancer is covered under the policy and it was diagnosed within the applicable period of time, then you may be eligible to receive coverage.

If a certain type of cancer isn't covered by your policy, that doesn't mean it will always be excluded in the future. As medical science advances and more treatments become available, Aflac updates their policies to cover additional types of cancers.

Have Questions? Get Answers and a Free Quote on Cancer Insurance from Aflac.

Many people make the mistake of assuming they do not need cancer insurance because they have health insurance. You should consider getting some form of cancer insurance or other medical coverage.