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Policy Benefits |
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Cancer policies sold today vary widely in cost and coverage. Since benefits can differ from policy to policy, be sure to read the contract carefully and understand exactly what benefits are being offered. Also, be aware that some cancer policies do not cover all types of cancer. For example, some policies may specifically exclude coverage for skin cancer. Also, some cancer or specified disease policies will not pay benefits unless you are hospitalized.
Most cancer policies will provide some benefits for:
- Hospital room and board;
- Treatment by a legally qualified physician;
- Private duty nursing care while hospital confined;
- Surgery and anesthesia;
- X-ray, radiation therapy, chemotherapy and other therapy procedures used in the treatment of cancer;
- Licensed or professional ambulance service to and from the hospital;
- Blood and blood plasma for transfusions;
- Prescription drugs and medicines recognized by the Food and Drug Administration as medically effective if administered during a hospital confinement.
Some newer cancer policies provide benefits for outpatient treatment; however, many older policies do not.
If you have not yet selected a cancer insurance policy, it may be wise to consider one that provides additional benefits for outpatient treatment. Many cancer treatments are now being provided on an outpatient basis, and new outpatient treatments are being developed.
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