6 Out-Of-Pocket Expenses Related to Having Cancer

During these crazy times it's good to know that you can use the web to shop for products and services. Insurance is no different, with thousands of people shopping for various types of coverage each day. And that includes cancer coverage. 

We have made it extremely easy for people to get their own quote for cancer insurance by offering a link that gives an overview of the policy, along with a quoting system that helps people find a plan within their budget. 

Cancer is the second leading cause of death worldwide. An incredible 9.6 million people died from cancer in 2017. Of course, just this year alone, we have had many notable deaths from cancer, like Chadwick Boseman, Eddie Van Halen, Neal Peart and, of course, Alex Trebek. 

According to the US National Cancer Institute, over 606,000 people died from cancer in the US in 2019. 

But as bad as those numbers are, many people either survive their cancer or live with it. As research gets more advanced, the survival rates get better. 

So, why do you need a cancer insurance plan? Your medical insurance will pay the bulk of the doctor and hospital bills, but there are plenty of out-of-pocket expenses related to having cancer. According to a 2019 survey conducted by the Mesothelioma Center at Asbestos.com, 63% of cancer patients and loved ones reported financial struggles following a cancer diagnosis. 

With all of this information, we want to make it easy for you to find a plan that can help cover those extra expenses not covered by your insurance. Here are just a few:

1. Co-pays. Visiting doctors and specialists on a regular basis can amass a significant number of co-pays.
2. Deductibles. Many people have raised their deductibles over the years to save money on their insurance premiums. 
3. Treatments. From pill regimens to chemotherapy, many patients are expected to pay at least part of the treatment costs. 
4. Testing. With high deductibles plans so common these days, the routine testing before, during and after cancer treatment can come with a high price tag.
5. Lifestyle changes. Many patients overlook the lost wages that stem from reduced working hours that are often necessary during and after treatment.
6. Transportation. Getting to and from medical appointments can be costly, as patients often have to enroll in transportation services or rely on rideshare options when loved ones aren't available. 

These types of costs can devastate a family's finances. Dealing with a family's bills is stressful enough, but for those also dealing with a medical crisis, financial worries can take a significant toll on physical and mental wellness. Having a good cancer insurance plan in place can reduce some of that burden, freeing up cancer patients to focus on where they should be spending their time and energy, which is getting healthy.

One of our plans, offered through Manhattan Life, offers benefits for cancer screenings, surgeries, hospital confinement, transportation, home health care and others. These are the types of costs that can add up quickly if you or a loved one are diagnosed with an invasive cancer. Don't assume that your medical insurance is going to cover these costs or that your friends will donate to a crowdfunding campaign. 

Purchasing a cancer insurance plan shifts the burden away from you and your family. These plans can be tailored with several options and can be designed to cover you, you and a spouse, you and your children or the entire family. They are affordable and can fit your budget. 

Check out the link, run your own quote and let us know if we can assist you. 

Chris Castanes is the president of Surf Financial Brokers, helping people find affordable life and disability insurance coverage. He's also is a professional speaker helping sales people be more productive and efficient and has spoken to professional and civic organizations throughout the Southeast. And please subscribe to this blog! Thanks!