Cancer insurance is an additional type of health insurance intended to manage the risks associated with cancer and its various manifestations. Cancer insurance is a relatively new trend in the insurance industry in general. It is intended to reduce the cost of treating cancer and provide policyholders with a level of financial support. This support is based on the requirements set forth in certain policies by the insurance company. As with any other form of insurance, cancer insurance is charged, called a premium, which changes depending on the risks associated with closing the disease.
Video Cancer insurance
Histori
In terms of the insurance industry, cancer insurance is a new form of coverage, which emerged some 50 years ago. This coverage is made by insurance companies such as American Heritage Life Insurance Company and Aflac to meet the demands coming from those suffering from the disease. Cancer insurance is not designed to replace conventional health insurance. Instead, this type of insurance is intended to improve conventional policies by providing protection for diseases that are often associated with expensive medical costs, even when coverage is provided through traditional insurance policies.
Maps Cancer insurance
Benefits of coverage
Cancer insurance policies usually offer health benefits (varies from state) that are intended to help those who are suffering from cancer or at risk of developing a disease adopt a healthier lifestyle. These benefits vary depending on the insurance company that provides coverage. These benefits can offer financial support to those who pursue a healthy living program, such as quitting smoking, gym membership, and dietary changes. Insurers can also offer access to information on a healthy lifestyle, which policyholders can obtain at any time. Typical coverage benefits also provide access to policyholders for health tests intended for early detection of disease and monitoring of other aspects of overall health. These tests include mammograms, Pap smear tests, and colonoscopy as well as many others. In many cases, those who have cancer insurance should submit evidence that they have received an exam for their cancer insurance provider. This is usually handled by medical professionals who do the exam. Once the test evidence has been submitted and verified, the insurance company will then provide the necessary financial support. As a supplement to traditional health insurance policies, cancer insurance and its benefits, limited in scope. The benefits associated with this policy are often designed to reduce the effects of cancer or promote overall disease prevention. The benefits come in different varieties depending on the insurance company's underwriting policy. Many policies offer benefits regarding medical expenses, which include costs associated with health care, such as cancer treatment. Other policies offer benefits regarding non-medical costs. These benefits give policyholders financial assistance for transportation, food, home and child care, and certain bills.
Limited coverage
Limited coverage of skin cancer
Skin cancer is the most common form of cancer diagnosed. The main categories of skin cancer are basal cell carcinoma (BCC), squamous cell carcinoma (SCC), and melanoma. The first two, collectively known as non-melanoma skin cancer (NMSC), are highly unlikely to metastasize and consist of the majority of skin cancer diagnoses.
Many cancer insurance plans do not offer benefits for policyholders diagnosed with this skin cancer non-melanoma , or most cases are often called cancer. Other plans that provide early diagnosis and repeat payment payments may not provide benefits at once for an early diagnosis of non-melanoma skin cancer.
Limited coverage of closed diseases
Some insurance insurance plans cover only the costs associated with cancer itself. Under this plan, the costs associated with non-cancer diseases that are directly or indirectly caused or complicated by cancer are not covered. For example, although lung cancer increases the risk of pneumonia, the medical costs associated with pneumonia treatment that occur after a cancer diagnosis will not be covered by the cancer insurance plan.
Other cancer insurance plans can only cover the costs incurred after a patient has developed the right cancer. Policyholders do not receive benefits if they are detected with pre-malignant symptoms or other conditions that indicate potential for malignancy.
Limitations on outpatient care
Some cancer insurance plans cover only the costs associated with inpatient care, although some forms of treatment may require outpatient care. Under this plan, cancer treatments given to patients after they leave the hospital, including radiation and chemotherapy, may not be covered.
Pre-existing condition
While cancer insurance plans have various definitions of pre-existing conditions, they generally agree that they impose restrictions on individuals who have been diagnosed with cancer at enrollment. Some plans may not provide benefits for costs incurred due to pre-existing conditions during the first twelve months of coverage. Other plans can make patients completely ineligible if they have ever been diagnosed with certain forms of cancer, AIDS, or HIV.
Limitations on double coverage
Cancer insurance is an additional form of insurance that is intended to cover the gap in the patient's primary insurance plan, but in some cases, the main insurance plan provides cancer coverage coverage that overlaps with an additional cancer insurance plan. While some cancer insurance plans will pay benefits no matter what the primary insurance plan pays, some of the major insurance plans may include co-ordinating benefits clauses that prohibit double payment. Other cancer insurance plans may determine that patients can not receive multiple benefits.
Waiting period coverage
Some cancer insurance plans have provisions that prevent policyholders from receiving benefits during the period after the initial registration; This length is usually thirty days. Some plans establish that if a policyholder is diagnosed with cancer within the first thirty days of coverage, the benefits are significantly reduced and the coverage will then be terminated.
Concern about coverage
Health insurance feasibility is often subject to risk management and insurance company valuation practices. Because of the risks posed by serious health problems, such as cancer, companies often take a strong stance against providing new coverage for those with the disease. Thus, a typical health insurance policy does not offer coverage for cancer. In this case, additional insurance policies, such as those designed specifically to cover cancer, can be beneficial. In the US, changes to health care legislation have made it possible for those with pre-existing medical conditions to obtain insurance coverage. The Affordable Care Act, the law that has presented this change, has required health insurance companies in the country to offer coverage to those suffering from conditions such as cancer. Although the law provides that these persons should be granted access to health insurance, the insurance policy is subject to the wishes of the company that bears it. Thus, the provisions of this policy may vary dramatically depending on the health insurance company involved. In some cases, insurance providers drafted their policies to be financially unattractive to those suffering from expensive medical conditions.
As an additional health insurance plan, cancer insurance policies are intended to cover the gap left by conventional insurance policies. However, this plan may not provide coverage for the full range of health problems associated with the disease. Complications about the disease can have a tremendous effect on the availability of cancer insurance policies. One of the main concerns about cancer insurance coverage is eligibility. Usually, those with pre-existing medical conditions, such as cancer, do not qualify for coverage. Factors that determine eligibility vary from insurance company to insurance company.
References
Source of the article : Wikipedia
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