Cancer can be a costly illness. It affects your health, your emotions, your time, your relationships — and your wallet. Having health insurance does not guarantee that you will be protected from major, life-changing expenses if you have cancer. In fact, most bankruptcies that happen as a result of medical problems are filed by people who have health insurance. What makes this even scarier is that the current statistic in the U.S. is that men have a slightly less than 1 in 2 lifetime risk of developing cancer. For women, the risk is a little more than 1 in 3.*

That is why it is important to protect yourself and your family from the financial drain a cancer diagnosis can have. Purchasing a cancer insurance plan can cover the unforeseen expenses that may be difficult to pay, especially if you are out of work seeking treatment.

Most cancer plans offer a full schedule of benefits that cover everything from Hair Prosthesis to Bone Marrow or Stem Cell Transplants. However, when deciding to purchase Cancer Insurance, you really should look at 5 major benefits: Initial Diagnosis, Surgery Benefit, Radiation/Chemo Therapy, Blood Plasma Platelets, and New or Experimental Treatment.

Many Cancer plans also include a Wellness Benefit to incentivize you to get an annual physical. Annual Wellness visits can help prevent and detect cancer early. Early detection can result in less invasive procedures to rid yourself of cancer.  So if cancer is a major concern or if it runs in your family it is worth the time to investigate a Cancer Insurance plan to help protect yourself.

*Cancer Facts & Figures, American Cancer Society, 2009

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