Information About South Carolina Cancer Insurance

10 Things You Should Know Before Buying Cancer Insurance

1. Cancer Insurance is Not a Substitute for Comprehensive Coverage
   Cancer treatment only accounts for a small percentage of the American public's health care bill. That is why it is essential to have insurance coverage for all conditions, not just cancer.
2. Consider a Major Medical Policy if Your Family is Not Protected
   If you and your family are not protected against catastrophic medical costs, consider a major medical policy. These policies pay a large percentage of your covered costs after a deductible is paid.
3. You May Not Need Extra Coverage
   Ask yourself these three questions: Is my current coverage adequate for these costs? How much will the treatment cost if I do get cancer? How likely am I to contract the disease?
4. Duplicate Coverage is Expensive and Unnecessary
   Buy basic coverage first and then make sure a cancer policy will meet any needs not covered by your primary plan. Don't assume that double coverage will result in double benefits.
5. Some Expenses May Not be Covered by This Policy
   Cancer patients often face large, non-medical expenses that are not usually covered by cancer insurance. Examples are home care, transportation and rehabilitation costs.
6. The Odds are Against Your Developing Cancer
   While 3 in 10 Americans will get cancer over a lifetime, 7 in 10 will not.
7. Check the Policy's Limitations
   Some policies pay only for in hospital care. Many treatments, including radiation, chemotherapy and some surgeries, are often given on an outpatient basis.
8. No Policy Will Cover Cancer Diagnosed Prior to Policy Application
   Some policies will deny coverage if you are later found to have had cancer at the time of purchase, even if you did not know it.
9. Most Cancer Insurance Does Not Cover Cancer-Related Illnesses
   Cancer or its treatment may lead to other physical problems, such as infection, diabetes or pneumonia.
10. Many Policies Contain Time Limits
    Some policies require waiting periods of 30 days or even several months before you are covered. Others stop paying benefits after a fixed period of two or three years.