| Although supplemental cancer policies have plenty to | | | | Most plans cover bills from the date of your initial |
| offer, there are some people that are still hesitant to | | | | diagnosis of cancer but not all have options like |
| purchase these policies. It is a great plan, that actually | | | | intensive care unit coverage for any accident and/or |
| pays you for keeping your regularly scheduled | | | | illness - check with your agent to see if this low cost |
| appointments for cancer screenings, but some just | | | | option is available. Additionally, most plans cover |
| feel that they do not really need the added expense | | | | things like hospital stays as well as private nursing and |
| to their already-overstretched monthly budgets. | | | | ground and air transportation costs, if needed, are |
| It is important to keep in mind, however, that cancer | | | | also covered. Surgery to remove cancerous tumors |
| insurance essentially pays for itself! Not only do you | | | | or areas, as well as anesthesia, is also covered. Any |
| get paid for keeping your regular cancer screenings, | | | | treatments you may need, including radiation, |
| but currently in some states, you can purchase the | | | | chemotherapy, prescription drugs, and more are also |
| Return of Premium option which states: if you don't | | | | covered by many of these plans. They cover many |
| use the benefits in a certain amount of years, we'll | | | | of the costs that can be incurred during treatment of |
| give you your money back - less claims. That may | | | | cancer, helping to increase your chances of survival, |
| make purchasing this type of insurance more | | | | as well as sparing your bank account from the |
| affordable to you, but if not, you might be thinking: | | | | thousands of "out of pocket expenses" that will |
| "This sounds great but, A. I still have to pay for it; | | | | occur, like co-pays, medications, deductibles, time off |
| and B. If the plan offers excellent wellness tests and | | | | of work, etc. |
| I'm getting my money back, didn't you say the return | | | | Here's a breakdown to help make your decision |
| premium rider gives you your money back less | | | | easier on the return premium rider option: |
| claims?" This is correct, if your getting practically all | | | | Pros: |
| your money back with wellness benefits then this | | | | 1. More appealing to have this option. |
| rider doesn't look so appealing any more and this is | | | | 2. After a certain amount of time, if not used, no |
| why...some plans, like the Allstate California plan, will | | | | harm no fowl - All of our money is given back. |
| give you a total of 3 annual wellness tests for | | | | 3. If you have a plan like Kaiser that don't give the |
| women and 1 for men - plus they'll pay the cost of | | | | cost of their wellness tests, then with certain plans |
| the test (max $200)! With most health companies, | | | | you can't maximize the wellness benefits - therefore |
| except for Kaiser, you can submit the bill for your | | | | you might feel better about having this option. |
| mammogram and pap and this type of plan really | | | | 4. Also, if your plan only pays for one wellness test, |
| pays for itself... leaving the return premium rider in the | | | | then having this rider makes sense. |
| dust. | | | | Cons: |
| The thing with cancer insurance is that if you are | | | | 1. This rider cost money - it's not free. |
| already paying for it, you might as well use the | | | | 2. If you're using the wellness benefits and getting |
| benefits that it gives you. By keeping your regular | | | | your money back on an annual basis then there's no |
| cancer screenings, you can detect early any cancer | | | | real out of pocket expense by having the plan - |
| that sneaks up on you. Early detection is the number | | | | therefore no return premium would be coming back |
| one, best way, to survive your cancer; so not | | | | to you if you had this option. |
| getting the tests done that are paid for with your | | | | 3. There's a time period before you'll get your |
| policy is not a benefit to you. | | | | premium back. Some might be: The policy has to be |
| Cancer can happen to anyone, so having a policy that | | | | in force for 5 years before a partial refund and 20 |
| can pay you back the cost of your premiums with | | | | years for a full refund - ask your agent for details. |
| either the return premium rider or in wellness | | | | As you can see, there are numerous benefits to |
| benefits, and you are fortunate enough NOT to get | | | | having cancer insurance, even if your policy did not |
| cancer helps make budgeting for cancer insurance | | | | come with a Return Premium Rider Option. However, |
| premiums more appealing to many. However, when | | | | having the option to get your money back if you |
| you see what is covered by cancer insurance, it is | | | | don't use the insurance after a specified amount of |
| easy to see why everyone should have a policy, just | | | | time, makes it even more appealing. Having the |
| in case. These types of policies, in addition to paying | | | | coverage just in case you need it, with the option to |
| most of your costs for cancer screenings, can also | | | | get your money back if you don't ever use it, offers |
| be helpful to you in the event that you are | | | | you an added benefit of security in knowing that you |
| diagnosed with cancer. | | | | are covered if the unthinkable happens. |