What Is "Cancer" Insurance

This paper explains cancer insurance. As its name implies, cancer insurance provides benefits only if the patient is diagnosed with cancer (as defined by the terms of the policy contract). These policies offer limited benefits for the actual diagnosis, and/or treatment of cancer. Cancer insurance policies may offer a lump sum benefit upon diagnosis. However, most cancer policies provide benefits based upon specified health care costs and expenses incurred in conjunction with the treatment of cancer. Premium rates for cancer policies that provide higher benefits and more comprehensive coverage are usually higher than premium rates for lesser benefit policies.

Provided by: North Carolina Department of Insurance Topic: Software Date Added: Apr 2004 Format: PDF

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