Insurance Coverage – For the Patients who are Battling with Cancer
A lot of people battling with cancer have one thing in common – financial trouble. The fact remains that cancer meds are very expensive. Since the cancer treatment is usually lengthy, it will cost a huge sum for a patient to get well. Is there insurance coverage for those with cancer?
When you or a family member has cancer, it is hard to manage finances and medical bills. Your best bet is to avail of insurance coverage. You will be glad to find out that there are financial resources that you can turn to which includes government programs, living benefits, and disability benefits. Some patients with existing policies are still finding it hard because of the huge costs, but at least you are getting assistance.
The Need for Health Insurance
It is scary NOT to have insurance. From the very start, you should have medical insurance coverage. This decision can save you lots of money and headache if in case you are diagnosed with cancer. In the workplace, it is very common to have group plans. A portion of the premium is usually shouldered by the employer and the plan costs less. Most of the time, the health of the employees in group insurance is not very important.
In the case of individual health insurance plans, lab tests or physical exams are required by the insurer. The result of the exams or tests will serve as basis in the determination of premiums or rates. There are also policies that allow you to have dependents or beneficiaries. Oftentimes, the cost of insurance is automatically deducted on the paycheck, but if not, you have to make the necessary payments.
What to Do?
If you are at high risk of cancer, you need to ensure that the insurance covers cancer. You see, there are policies that don’t cover such disease. For those who set up the HSA or Health Savings Account, you should know the qualified expenses. Don’t make assumptions, or you’ll end up paying a great deal of money.
Some people think that they can no longer obtain insurance if they have a pre-existing condition like cancer. If you are diagnosed with cancer, and you plan to purchase insurance, you need to be familiar with the exclusion period for pre-existing conditions. You will need to wait before you can receive payment from the plan which can take about a year.
For those who lost the benefits from their group plans, you can check out COBRA or the Consolidated Omnibus Budget Reconciliation Act. Through this act, you may be able to continue the insurance benefits, but this will depend on your individual situation. If you are qualified, you can enjoy continued coverage which includes involuntary or voluntary job losses. You can also check if you can use the insurance benefits for cancer treatment.
Never make assumptions, and always check with the insurer. You can never really tell if the insurance company will cover cancer treatments. Know the options, and you can prepare for the costly cancer treatments. Stop worrying about the issues like stivarga cost, xalkori cost, where to buy stivarga or any other cancer drugs & its related high cost. Take the insurance benefit & pay for the high cost easily.
Category: Health, Medical Insurance
