Traditional health insurance does not cover all cancer diagnosis related expenses.
Whether an employer offers a HMO, PPO or other health insurance plan design for their employees, out of pocket expenses will always exist. These may be deductibles and
co-pays that relate to covered expenses or non-covered expenses such as travel, lodging and new or experimental treatment. Additionally, employees with disability income insurance will have a waiting period to receive benefits and the cash benefits paid directly to policyholders from the Cancer coverage can help an employee and their families meet expenses during this time.
Cancer insurance is designed to help a person manage the financial impact of a Cancer diagnosis, so that the emphasis can be on recovery without the added pressures that illness, uncertainty and unexpected bills can bring. Various coverage amounts are available and may be purchased by the employee for themselves or can include immediate family. Some Cancer insurance includes additional coverage for certain illnesses such as Multiple Sclerosis.