Of all the expensive (and serious) medical conditions someone could face in their lifetime, cancer has the highest per-person price in the U.S.
And, there doesn’t appear to be a solution for the high cost of cancer treatment coming any time soon. According to a report from the American Society of Clinical Oncology (ASCO), the total annual cost of cancer care will reach $175 billion by 2020, accounting for a 40% increase since 2010.
Many cancer patients will find some relief through one of the Affordable Care Act’s key provisions – no one can be denied coverage or charged higher premiums because of their health status or pre-existing conditions.
Unfortunately, even with health insurance, the exclusions, out-of-pocket health expenses and non-medical costs of cancer can be a tremendous financial burden if you’re diagnosed. (Read statistics here.)
To help fill the growing financial gaps found in health insurance, here are 5 benefits of a lump-sum cancer insurance policy that can give you a better understanding of how plans work and what policies can be used towards:
To find out more information about lump-sum cancer policies from different insurance companies, get free quotes online and compare rates, you can click here.
(Image via LifeHealthPro.)