What is cancer insurance?

The costs of treating cancer pose an enormous strain on those who suffer from the disease and their families. Cancer insurance can help ease this financial burden.

Cancer insurance is a supplemental policy that helps you cover the costs of cancer that are not covered by your health insurance. Depending on the kind of policy you buy, cancer insurance can cover a wide range of both medical and nonmedical costs should you or a loved one be diagnosed. Some Cancer plans do not specify how you use the funds, but provide you with a lump sum after a cancer diagnosis.