Supplemental Insurance Can Help Eliminate the Need to Choose Between Recommended Cancer Care and Financial Stability
October 20 2008 - 9:56AM
PR Newswire (US)
CARMEL, Ind., Oct. 20 /PRNewswire-FirstCall/ -- A cancer diagnosis
can be the beginning of a long journey filled with stress, emotion,
physical pain, and financial burden. In most cases, major medical
insurance covers only a portion of treatment costs. According to an
Oct. 13 article in USA Today, one in eight people with advanced
cancer turn down recommended care because of the costs. Many major
medical plans now require insureds to pay 20% of the costs of their
care. When the cost of drugs to treat cancer can reach thousands of
dollars per month, paying even 20% of the cost can be a major
burden. "We should never have a situation in which someone who
works and has health insurance must make treatment choices based on
cost," said Steve Stecher, President of Conseco Insurance Company,
a life and health insurance company which sells supplemental
medical insurance policies. "There are many options available to
people who want to protect themselves from the financial hardship
that can come with a cancer diagnosis." Cancer products pay
benefits not only at the time of a diagnosis, but also cover
preventive care and screenings. Benefits are paid directly to the
policy owner instead of to a doctor or medical facility. This
allows the benefit to be used in whatever way it is needed without
hassle. Some policies have a return-of-premium rider that allows
all premiums paid, less any claims paid out, to be returned to the
policy owner after a specified period. If no cancer occurs,
premiums are returned. To learn more about supplemental policies,
visit http://www.conseco.com/. Policies and riders are subject to
state availability. These policies have limitations and exclusions.
For costs and complete details of coverage, contact an agent.
DATASOURCE: Conseco Insurance Group CONTACT: Media Oakes, Corporate
Communications of Conseco Insurance Group, +1-317-817-3768 Web
site: http://www.conseco.com/
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