Cancer is one of the leading causes of death in the United States, with nearly half of all Americans experiencing cancer at some point in their lives. Cancer can be a huge economic drain: Treatments can be costly and may not be entirely covered by insurance, and there are several additional expenses associated with cancer treatment. Because treatments are on-going and may require travel to visit specialists, a patient can quickly accrue expenses due to missed work, travel costs, and related expenses.
Cancer insurance is designed to supplement existing health insurance, not replace it. Coverage complements existing insurance and provides protection against what the health insurance cannot cover.
There will most likely be deductibles, co-pays, child care, and other living expenses you will have to be responsible for. Cancer insurance benefits will pay you one lump sum to be used for such expenses or any other expenses you may encounter.