Several kinds of supplemental policies have earned a bad reputation, but cancer insurance provides more than most people realize.
Recently, an article posted in the NY Daily News had come down on certain types of insurance plans that experts state, “are not worth your money”. Stating that there are insurance policies like pet insurance, ID theft, child life, credit, cell phone and cancer insurance that consumers should just dismiss. There is a time when someone might be over-insured but when taking a closer look at California cancer insurance plans, you don’t want to make a hasty decision before learning the facts.
Supplemental protection is not as easy to judge, causing many people to wonder whether or not cancer insurance is really worth their money.
According to Loreen Worden, a California Allstate insurance agent, the most important message that consumers must learn is that if a plan is designed to “save your money on” then they are policies that “don’t pay you back anything for regular maintenance.”
Worden explained the concept by saying that many dog owners struggle with their pet insurance because it is renewed on an annual basis and usually nothing is paid out. This is mainly due to most don’t take their dog in for annual wellness exams and might not see anything back in their pocket from this type of plan for many years, not unless there was an accident or illness/an event.
Similarly, in the case of credit insurance, when it is not used, it won’t provide a payment. In the case of life insurance that is purchased for a child, the insurer will frequently refuse to pay because there has not been a death.
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The difference between these and cancer insurance, according to Worden, is that “These are mainly event based insurance plans.”
Alternately, the California cancer insurance plans that are offered through Allstate provide individuals with payments in order to cover their wellness exams, for example, pap tests and mammograms and it doesn’t matter what traditional health insurance is paying for, this benefit goes back to the named insured that got the test. These, alone, would allow the coverage to pay for itself and do not need “an event” of illness to be covered.
An average woman who is 44 years old, for example, would pay an annual premium of approximately $360. If she has her annual pap test, mammogram and one other type of wellness test that is covered by the plan, then Allstate would pay her the cost of the test up to $200 each. Of course, that’s the maximum example of a payout. In a more real-life scenario, says Worden, the payouts would typically be $150 for a mammogram, an additional $50 to $75 for a pap test, and $100 for any other covered test. She has assembled a list of the various covered wellness tests at www.CancerInsuranceInfo.com.
Even in this case, a woman would already see $300 of the premiums she’d spent that year, not to mention the additional cancer insurance coverage she would receive should any of the tests come back positive. For many, that piece of mind is priceless, especially when many have a family history of cancer or may even smoke.