Cancer isn't called the killer disease for nothing. It is estimated that about 4754 new cancer cases will be diagnosed daily in 2018. Of this worrisome figure, 1693 people will die of the disease daily. Cancer Insurance is increasingly becoming necessary given the staggering numbers of workers with cancer and the huge cost of treating it. Cancer treatment takes a huge financial toll, and patients have to also deal with meeting other financial obligations. Hence, many employees are being selective when considering the companies they should work for. The reasons are not far-fetched.
Cancer Insurance Policy
A cancer insurance Policy is an employee benefit you can offer to help attract dedicated and experienced workers. In addition, a cancer insurance policy helps build your team of experts. Aside from increasing employees’ high rate of productivity, getting cancer insurance for your workers also boosts their satisfaction with your organization.
Although, you might already have many insurance benefits for employees, they might not be suitable for cancer treatment. For instance, workers' compensation or disability insurance policy won't effectively cover for employees’ medical care and other expenses.
Extra costs your employees might be required to pay include Deductibles and co-pays, radiation therapy, personal nurse, screenings, chemotherapy, reconstructive surgery. The list is inexhaustible.
Benefits of Providing a Cancer Insurance Policy
•A cancer Insurance Policy helps employ and retain dedicated and highly skilled workers.
•It reassures employees of the company’s welfare
•Employees productivity increases in an organization with great welfare packages such as a Cancer Insurance Policy
•Taking a cancer Insurance Policy is cheaper than paying the medical costs of treating cancer
Difference between Cancer Insurance and Critical Illness Insurance
Critical Illness insurance pays for critical illnesses such as Kidney Diseases, Stoke and even cancer. However, critical Health Insurance only covers for cancer at an advanced staged.
Cancer Insurance Policy on the other hand, covers for costs incurred from the stage of diagnosis, chemotherapy to recuperation. Hence, Cancer Insurance Policy offers a more complete protection from cancer compared to Critical Illness Insurance.
Types of Cancer Insurance Policy
Cancer Insurance Policy can be either group or individual. There are pros and cons to taking a group policy or an individual policy.
Also, Cancer Insurance policy differs from state to state and according to age etc. For further discussion, contact our agents to know the most suitable policy for your employees.
How does a Cancer Insurance Policy Work
Once a positive diagnosis has been confirmed by a reputable hospital, the policyholder can file a claim. The insurance company we collaborate with then promptly approves the payment of the lump sum
Benefits of Getting our Cancer Insurance Products
Guaranteed Payment: Once cancer is diagnosed, we ensure quick payment.
Direct Payment:We make payments directly to the policyholders and not to the hospital and other health providers.
Easy Claims Approval: Getting your claims is relatively easy and quick. Once there’s a positive cancer diagnosis, approval for payment is given immediately.
Contact our agents now and get the best Cancer Insurance Policy!