Nearly everyone has known someone who has had to deal with cancer. It can be a distressing and unpredictable disease that can quickly change your life.

A cancer diagnosis can be devastating for many Americans. This is true even if you have major medical insurance. A Duke University Medical Center study found that the average monthly out-of-pocket expense for private insurance in America is $1,266. This could mean that you have to pay more rent or mortgage monthly. Can your budget handle this?

Voluntary cancer insurance is increasingly important to Americans in order to combat high cancer costs. It allows them to focus more on their treatment and recovery, and less on their finances. These are the facts AflacThis is the American leader in voluntary health insurance sales at the workplace. It gives an overview of what voluntary coverage is and why everyone should consider applying during their next open enrollment season.

What is voluntary cancer insurance?

You cannot have everything covered by your health insurance policy. Voluntary insurance is meant to be added to your existing major medical insurance. It can fill in any gaps in your current health care coverage. A plan that covers cancer, usually offered by an employer, can help patients cope with the out-of-pocket expenses associated with serious illnesses like cancer. These costs are not covered by major medical insurance.

The policyholder will be able to receive cash benefits in the event of a diagnosis of cancer. This could include expenses for daily living such as rent and gas, groceries, babysitting, or other necessities. As medical bills start accumulating, unfortunately, existing bills don’t stop. With the protection provided by cancer insurance policyholders can continue their lifestyles without becoming financially ruined.

Why choose voluntary cancer insurance?

The increasing number of cancer cases in America means that individuals and their families don’t need to decide between medical treatment and paying for daily living expenses and bills. The majority of uncovered costs for a cancer diagnosis are due to prescription drugs. These can account for up to 41 percent of patients’ expenses. But other requirements, such as travel, medical equipment, and non-prescription drugs, are also factors. Cancer insurance is a great option to cover these expenses.

Insurance policies for cancer can help families pay the costs associated with treatment. It can help patients and their families focus on the important things, like recovery. For more information about cancer insurance, please visit aflac.com/cancer.

 

Today’s life is very fast. People can check their kids’ soccer scores on the phone, while also sending emails to work with the help of digital technology. With the advent of the Internet, consumers can expect the same conveniences from all services and businesses except their insurance companies. For many people struggling to pay their medical bills, this can seem like a long wait, even though 98 percent of claims for health insurance are processed in 30 days.

It is no longer enough to be insured, as nearly two-thirds of American households have less income than 2002. It is important to find out how fast and easy your insurance company processes and pays claims. This is critical for both financial recovery and physical recovery.

According to a recent survey, 66% of workers would struggle to pay for the financial burdens associated with serious injuries and illnesses. Only 49% have enough money to cover out-of pocket expenses. Additionally, rising healthcare costs are forcing employers into cost-saving measures that are putting employees under greater financial pressure.

* Increasing employees’ health care insurance copayments.

* Increasing employees’ share of premium.

* Implementing high-deductible health plans with health savings accounts.

Some people might have to wait as long as a month to receive their insurance payments. Many insurance companies are able to offer fast service because they have better technology and an understanding of today’s consumer needs. This is one example. AflacIn the insurance industry, it is rare to find policies that allow for claims approval, processing, and payment within one day.

In the past, fast payment policies were a luxury. It’s a necessity. It is more important than ever that you have money available immediately for serious injuries or illnesses. You should ensure that your insurance company can move at your pace.

Aflac’s One Day Pay guarantee can be found on aflac.com/onedaypay.