The site may recommend the additional protection that a policy can provide, but it also provides additional resources. A cancer insurance specialty website called CancerInsuranceInfo.com has just re-launched with a new design and direction that is geared toward assisting individuals not only in obtaining the coverage that they need, but also in improving the way that they live their lives to stay healthier and make a bigger difference to those who already have the disease. The website shows that while coverage gives peace of mind, the true goal is to…
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Health insurance plans often place a large amount of expense on customer shoulders
Lower premium policies are leading to high costs that can be financially crippling. A first of its kind American health insurance analysis of over 6,000 plans that are geared toward families and individuals has shown that the majority of people who enroll in them are at risk of facing tremendous out of pocket medical expenses that could cause them to face financial ruin. Plans that feature lower monthly premiums often have high limitations to the coverage they provide. For this reason, it is not uncommon for people to face enormous…
Read MoreHealth insurance costs for young cancer survivors are proving overwhelming
Many are skipping follow-up care as they are finding the expense to be prohibitive. A recent health insurance study has shown that young people who have survived cancer are commonly deciding not to take part in follow-up care because they are not able to afford the associated costs. The results of this research were published in the Cancer journal. The study examined the care progress of survivors of cancer between the ages of 20 and 39 years old. What they determined was that 67 percent who had never had a…
Read MoreIs a cancer insurance policy in your best interest?
Will this type of coverage provide you with anything more than peace of mind? Cancer insurance is a type of supplemental policy that goes above and beyond what standard health coverage provides, but whether or not it will actually benefit you depends on you unique financial situation and family medical history. A policy is relatively inexpensive, at only $20 to $40 per month and will provide significant coverage. Many of the out of pocket expenses from standard medical policies – such as co-payments and deductibles, as well as co-insurance –…
Read More2012 Critical Illness Buyer and Claimant Study results reveal latest data
Recent research shows that the most common cause of claims are related to cancer. According to a study performed by the American Association for Critical Illness Insurance, in conjunction with General Re Life Corporation, more than half of all first-time claims filed through critical insurance policies by Americans are related to cancer. Furthermore, strokes and heart attacks made up 29 percent of the new claims last year. There are currently approximately one million people in the United States who have an active critical illness insurance policy, which functions as a…
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