Nearly everyone has experienced or knows someone who has experienced a cancer diagnosis. The good news is cancer screening and medical technology has greatly improved in recent years. However, with more advanced technology comes higher costs. With a lump-sum cash benefit from Medico Insurance Company’s First Diagnosis Cancer insurance, you can have the peace of mind knowing that the financial burden will be less.
First Diagnosis Cancer insurance can help with the direct and indirect costs of cancer treatment. It’s a lump-sum cash benefit that allows you to choose when and where to spend the money to cover a wide-range of expenses, such as:
First Diagnosis Cancer insurance can help anyone 18-79 years old, but you may especially want to consider getting coverage if you:
The first step is to learn your individual risk factors for getting cancer, such as family history. If your risk is high, look at what your medical health insurance plan covers. If you decide First Diagnosis Cancer insurance is right for you, look for a policy that covers both in-hospital cancer care and outpatient care.
Many cancer treatments, such as chemotherapy and radiation, are administered on an outpatient basis. Measure the cost of the plan in relation to the value it offers, and check if there is a waiting period for coverage. For example, you only receive benefits if you are diagnosed with cancer after your policy is in effect. No policy will pay for care if your cancer is diagnosed before you purchase coverage or the policy is active.
Remember, it’s a “first diagnosis” plan. If you have been diagnosed with a cancer within the last 10 years, you will not qualify for this plan.
Medico Insurance Company’s First Diagnosis Cancer plan is available for policyholders ages 18-79 years old and has no policy or application fee. Its cash payment benefit can be purchased in increments of $5,000 from $10,000 to $25,000, depending on what’s available in your state. When you sign up, you choose the benefit amount, and that is what you are paid when a qualifying diagnosis occurs.
Other benefits you will receive with a Medico First Diagnosis Cancer insurance plan include:
At an additional cost, some states offer an inflation protection benefit that automatically increases the cash benefit amount by 5% of the original amount each year for the life of the policy.
email info@magnoliasenior benefits.com
Copyright © 2020 Magnolia Senior Benefits, LLC - All Rights Reserved.
Powered by Fitz