Cancer Costs are Beyond the Financial Capacity of Most Americans

In a recent article from Bankrate (Link), they touch on the rising costs of cancer and the terrible financial effects it has on individuals and families. The cost of cancer is going up by about 15% per year, but what does that really mean? To put it in perspective, imagine someone who thinks they have enough coverage with simply having their primary healthcare insurance. Now, imagine that same person getting a $300,000 health bill because his son has leukemia and realizing the 20% co-pay is more than he makes a year! This is a true story and a doctor’s account of the circumstances. These types of financial situations are becoming more common as the cost of cancer treatments continue to rise.

What does this mean for you? Well, when you figure 3 out of 4 families are affected by cancer it should mean a lot! This means that when cancer strikes, it is not always fatal, and the financial effects can be catastrophic for you. Can you also imagine all of the additional non-medical expenses and financial obligations that can also be put in jeopardy as a result? Living expenses like paying rent or mortgage, food, taxes, utilities and all the other expenses may no longer be affordable. Also consider all of the outpatient treatment and transportation costs that may be incurred with a cancer diagnosis. It may also be necessary to go on medical disability from work due to the cancer. This can result in a 30 to 40 percent decrease in your income. It is easy to see the terrible position this could put you in financially.

However, there is some good news. We can help when something like this happens to you. Combined Insurance will pay a lump sum of tax free cash paid directly to you upon initial diagnosis of cancer. We can help make sure you have the money when you need it most. We make this payment directly to you so you can use the cash for whatever you need it for! You can use it for all the bills your primary health care won’t cover. The cash that is paid is also tax free to you and can be used any way you wish.

Our Cancer Protector pays a lump sum of tax free cash up to $50,000. You choose the benefit amount, based on your budget. You can get a policy with as little as a $10,000 lump sum benefit, or as much as a $50,000 lump sum benefit. For those folks who have serious concerns with catastrophic cancer, we have a combo plan where you can combine with another policy and collect $100,000 when you are diagnosed with cancer! Considering the high likelihood of a cancer diagnosis in our lifetime, and the high cost of cancer treatment, can anyone really afford to be without adequate coverage?