Most of us realize the importance of having a top-quality, affordable, health insurance plan. The cost for medical treatment continues to escalate each year. If a major illness or severe accident should occur, the financial burden could be overwhelming without assistance in paying for those medical bills.
Yet even with good health insurance, patients must meet their deductible first. Then the balance of the bill is subject to coinsurance, which are the percentages shared by the insurance company and the insured person. Some typical examples are 80/20, 70/30, 50/50, etc. In cases where the bills for treatment total $100,000 or more, the insured’s responsibility can still be staggering. For this reason, certain types of supplemental health insurance can help significantly. They pay benefits directly to the insured, based on diagnosis and treatment. This is in addition to the benefits paid by their regular health insurance.
Cancer insurance is one of the most common supplements, because cancer is a very expensive disease to treat. When cancer strikes, there are often some expenses incurred which are not paid for by many health insurance plans. Often the insured must miss time from work for treatment/recovery, which can affect one’s income. If treatments are out-of-town, there is also time spent in transit. When compared to paying for all of those excluded costs yourself, the premium for most good cancer plans is truly inexpensive!
The following are some alarming statistics from the American Cancer Society’s web site, 2011 “Facts and Figures”. Cancer is the 2nd. most common cause of death in the U.S, exceeded only by heart disease. U.S. men have a 1 in 2 lifetime risk for cancer, and women have a 1 in 3 lifetime risk. Those are not good odds! The United States has the highest rate of cancer in the world. If we reflect for a moment, nearly all of us know someone who has been diagnosed with cancer or died as a result of battling this dreaded disease.
As with other kinds of health insurance, pre-existing conditions are a consideration for being accepted for coverage with a cancer plan. Some companies will issue a plan only if quite a few years have passed since certain types of cancer were treated. The time to apply for this invaluable protection is before you are diagnosed. You may be able to add coverage for a spouse and dependent children as well. Call AustinHealthPlans at (512) 535-3556 and get all the details about available benefits, and to receive a free quote for some very affordable coverage. A good way to consider this type of plan is “it is better to have it and not need it, than to need it and not have it”. It can be terribly expensive if you are diagnosed with internal cancer! Ask someone who knows!