Cancer is a devastating disease that affects millions of people around the world. According to the American Cancer Society, in 2020, there were an estimated 1.8 million new cancer cases diagnosed in the United States alone. According to the web search results, there were 27,529 new cancer cases reported in South Carolina in 2023. The most common types of cancer in South Carolina were breast, prostate, lung and bronchus, and colon and rectum Cancer can be expensive to treat, and the costs can quickly add up. In fact, cancer is one of the most expensive medical conditions to treat, with the average treatment cost ranging from $150,000 to $200,000.
Cancer is the #2 leading cause of death in the United States and its prevalence is increasing. According to the American Cancer Society, it is estimated that 1 in 3 people will be diagnosed with cancer in their lifetime. This statistic highlights the importance of being informed about the disease and being prepared for the potential financial burden it can bring.
Cancer treatments can be very expensive, and it can leave patients and their families struggling to pay for necessary bills and expenses. While health insurance can help cover some of the costs associated with cancer treatment, it may not cover all of them. For example, health insurance may not cover experimental treatments that have not been approved by the FDA. These treatments can be very expensive and, without insurance coverage, many people cannot afford to try these treatments that could potentially save their life.
This is where a “Lump Sum Cancer Insurance” plan can help provide a safety net. This type of policy provides a lump sum payment to the policyholder upon diagnosis of cancer. Additionally, the lump sum payment can be used to cover expenses that may not be covered by traditional health insurance. Which include paying co-pays & co-insurance, transportation costs, groceries, lost income and, can help cover experimental cancer treatments that could potentially save your life.
One of the main advantages of a lump sum cancer policy is that the payment is made directly to the policyholder, not assigned to any doctor or hospital. This means that the policyholder has complete control over how the funds are used, which can help ease the financial burden of the disease. The cost for one of these plans are very affordable. For example a 45 year old male can purchase $25,000 lump coverage for $33 per month. (*Cigna Lump Sum Cancer Insurance)
In conclusion, Individual cancer insurance is an important supplement to health insurance to have. Cancer is a disease that can affect anyone at any time. Being informed about the statistics surrounding cancer and the options available for managing the financial burden can help individuals and families be better prepared. A lump sum cancer policy is a valuable tool that can provide peace of mind and financial security during a very difficult time. For more information please contact our office today!