Is cancer insurance worth it?

In the case of a cancer diagnosis, know cancer insurance can help provide hope. By helping to remove the financial burden that is sure to come throughout the cancer process, cancer insurance can allow you to focus on what really matters, your recovery. The question you need to ask: Is Cancer Insurance Worth It to You?

What are the limitations of cancer insurance?

When deciding whether to get cancer insurance, it's important to consider its limitations. One limitation is the maximum benefit amount, which in one example is capped at $2,000 per month and $16,000 per year for covered treatments, as well as a one-time first diagnosis limit of up to $10,000 upon learning you have cancer.

How does cancer insurance work?

Cancer insurance policies are typically available through an employer’s benefits program, though employees usually pay the full cost. Individuals can also purchase these policies from some insurance carriers. The cost and coverage of cancer treatments vary widely based on the type and severity of the disease.