While major medical insurance can help with the costs of cancer treatment, you may still have out-of-pocket expenses that may not be covered by your major medical insurance, including travel, food, lodging, child care, and household help. Meanwhile, living expenses, such as car payments, mortgage or rent payments, and utility bills continue, whether or not you are able to work. And if a family member has to stop working to take care of you, the financial impact may be even greater.
The cancer/specified-disease insurance policy:
- Has no deductibles or copayments - You do not have to meet a deductible before benefits are paid nor do you have to pay a copayment.
- Is portable - You can take it with you if you change jobs or retire.
- Is guaranteed-renewable - You can keep the policy as long as you pay the premiums.
- Has no network restrictions - You choose your own medical treatment provider.
- Rates are stable year over year - Aflac has not increased its rates on existing policyholders for over 65 years.
Aflac pays cash benefits directly to you, unless assigned otherwise. This means you can have additional resources to help with the financial expenses of cancer that may not be covered by major medical insurance.
