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Count on us to have the plan to fit your needs

We serve clients throughout Missouri, Arkansas and Illinois, and are conveniently located in 1750 South Brentwood Blvd, St. Louis, MO.  Call (314) 720-8470 or contact us online for an appointment.

Cancer Coverage

What would you do if you just found out your spouse, child or yourself were diagnosed with cancer? Will your current health insurance plan cover all the potential costs for the treatment?

Cancer Insurance Plan will assist you by supplementing the medical coverage and paying for things that are not covered by the traditional medical insurance.

Types of Cancer Insurance

The three common types of cancer insurance are indemnity, expense-incurred and lump-sum based policies.

  • Indemnity policy: This plan covers expenses for all the pre-approved treatments but sets a fixed dollar limit on every treatment regardless of the actual cost of treatment.
  • Expense-incurred policy: This allows the insured person to get a percentage of expenses for covered treatments, but up to the insurances’ maximum dollar limit.
  • Lump-sum policy: The amount you get is a one-time payment and is given to you directly if you are diagnosed with cancer.

Do you need it?

Before making the decision, you might want to consider the following questions: Are these premium policies worth the peace of mind that they provide? When is the right time to buy a cancer insurance? Are these coverages justifying the costs?

Let us run through some basic pieces of information that should help you decide:

  • The insurance will help to reduce the price of cancer treatment. While this is one of the most important component in decision making, be rest assured that it doesn’t take the place of the benefits already provided by your primary healthcare provider.
  • But they won’t cover ALL the costs. Only a few cancer insurances cover every expense; even the ones that do, may have some “gaps” in them. This means that you are likely to be holding a bill after your treatment. To understand how different plans work, our team here at The Legacy Group will help you find the best cancer insurance plan.
  • Cancer insurance policies include several benefits. Based on the policy you choose; cancer insurance can cover a wide range of both medical and non-medical costs. Some of these are as follows:
      • Deductibles
      • Co-pays
      • Child care
      • Dietary assistance
      • Hospital stays (especially lengthy ones)
      • Visits to out-of-network specialists
      • Various tests, treatments, and procedures
      • Travel and lodging when treatment is far away from home
  • You already had / have cancer! Many insurance providers would turn you down because of your previous or current medical condition. Make sure you choose a plan for yourself in a timely manner.
  • Family history of cancer? We also understand that Cancer insurance doesn’t make sense for everybody and you might want to use the money in hand for something else. But a cancer insurance plan makes sense for those with a family history of cancer than those without any background of this disease.
  • Do not be dependent on the cancer insurance alone. When evaluating your decision to buy the cancer insurance, make sure that you research enough about your current insurance and what it covers. Cancer insurances are designed to supplement your original healthcare plan. If you feel that your current insurance plan is not comprehensive, then we recommend you get a better health insurance than adding a cancer insurance to it. Our specialists can help you work through this.
  • Before signing, read the fine print on your insurance. This may have been mentioned before, but it can’t be overstated. Be aware that the coverage provided by one insurance plan would not be the same as any other plan whatsoever. While there are a few policies that give out a single lump-sum payment, some have waiting periods ranging from a few weeks to several months before your actual coverage kicks in. Others stop paying for your coverage after a certain time.

We’ll help you every step of the way

We would help you with identifying the need for cancer insurance, online enrollment, claims maintenance, preparing a benefits package – all while reducing the administrative workload.

Our dedicated enrollment team can create a personalized, needs-based enrollment strategy that provides personalized healthcare kits from your health care provider. Reach out to us today to learn more.

Can anyone buy it?

Having an insurance for cancer is a personal choice because not everyone is going to get cancer.  Generally, you would be paying around $20 to $40 per month for years, without ever using your policy.  You can’t obtain a cancer insurance plan once you are diagnosed with cancer.  Neither would you be eligible for one if you were having cancer in the last 5-10 years.

Contact Us

The Legacy Group serves the life, health and retirement needs of customers who want to ensure their family is financially secure and protected. Fill out the form below and we will have an agent contact you.