Cancer insurance is fairly straightforward. Benefits are paid directly to you regardless of any other insurance you may have. These benefits can be used for a wide variety of things, reducing your financial responsibility.
Cancer insurance is typically bought after an individual has been diagnosed. If you’ve been diagnosed with cancer multiple times, it may be difficult to get a new cancer insurance policy. For some companies, it is also difficult to enroll if you have other health concerns or diagnoses.
Is cancer insurance a separate policy?
Cancer insurance policies supplement existing health insurance policies. You can use the benefits to help pay for all of the extra costs associated with your cancer treatment, including deductibles, co-pays and annual caps.