What is Cancer policy Insurance?Cancer insurance is a type of supplemental health insurance that is meant to manage the risks associated with the cancer disease and its numerous manifestations. Cancer insurance is relatively new trend within the insurance industry at large. It is meant to mitigate the costs of cancer treatment and provide policyholders with a degree of financial support. This support is based upon the terms written into a particular policy by an insurance company. As with other forms of insurance, cancer insurance is subject to charges, called premiums, which change depending on the risk associated with covering the disease.
A cancer diagnosis can mean unexpected expenses and out-of-pocket costs. Cancer Insurance can help you be financially prepared so you can focus more on getting swift and proper treatment and less on your reduced income or added expenses.
Even the best of health plans leave you with deductibles, copays and costs for out-of-network care. And since disability plans only cover a portion of your income, there could be a significant gap between your income and your family's everyday living expenses such as:
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