Cancer/Specified Disease Insurance
What is cancer/specified-disease insurance? No one wants to experience a cancer diagnosis, but the fact is that the risk of getting cancer is great. In the United States, men have slightly less than a 1-in-2 lifetime risk of developing cancer, for women, the risk is a little more than 1-in-3 (Cancer Facts & Figures 2012, American Cancer Society). A cancer/specified-disease insurance policy is designed to provide you with cash benefits during covered cancer treatments.
A cancer/specified-disease insurance policy can also help protect your income and savings from expenses that aren't covered by your major medical insurance, including:
- Out-of-pocket medical expenses
- Out-of-network specialists
- Experimental cancer treatment
- Travel and lodging when treatment is far from home
- Child care and household help
- Normal living expenses, such as your car payment and utility bills