Supplemental health insurance
Help with the costs a cancer diagnosis brings.
About 39% of Americans will be diagnosed with cancer at some point in their lives. Even with good health insurance, deductibles, travel and time off work add up. Cancer insurance pays you cash after a covered diagnosis so you can focus on treatment.
- Cash paid to you
- Works alongside your health plan
- Options for individuals and families
How it works
Two ways cancer policies pay
Lump sum at diagnosis
A one-time cash benefit when you're first diagnosed with a covered cancer.
Benefits by treatment
Set amounts for specific care, like chemotherapy, radiation, surgery or hospital stays.
Critical illness, compared
Critical illness insurance covers several conditions, such as heart attack and stroke as well as cancer. Cancer insurance focuses on cancer only.
Benefits, waiting periods and exclusions vary by carrier and state.
Know before you buy
Common limits and exclusions
Waiting periods
Many policies don't pay for a diagnosis made in the first weeks after coverage starts.
Existing diagnoses
Cancer diagnosed before your coverage starts is generally not covered.
Skin cancer
Some non-melanoma skin cancers are excluded or paid at a reduced amount.
Cancer insurance pros and cons
Pros
- ✓ Cash paid directly to you
- ✓ Helps with deductibles, travel and lost income
- ✓ Can cover your spouse and children
- ✓ Pays in addition to your health plan
Cons
- ✕ Covers cancer only
- ✕ Waiting periods and exclusions apply
- ✕ Not a substitute for health insurance
- ✕ Benefits may be less than total costs
Cancer insurance FAQ
Does cancer insurance replace health insurance?
No. It's a limited-benefit supplement that pays cash in addition to your health plan. You still need comprehensive coverage for medical bills.
Who receives the benefit?
You do. You can use the money for medical bills, travel to treatment, household costs or anything else.
Is there a waiting period?
Usually. Many policies won't pay for a diagnosis made during the first weeks of coverage. Check the waiting period before you buy.
Can I get it if I've already had cancer?
A current or past diagnosis may make you ineligible or be excluded. Rules vary by carrier, so it's worth asking.
What's the difference between cancer and critical illness insurance?
Cancer insurance covers cancer only. Critical illness insurance covers a list of conditions, which often includes cancer, heart attack and stroke.
Sources
Last reviewed by a licensed agent. Figures change each year — confirm current amounts at the sources above.
Get help before you need it.
Compare cancer and critical illness plans from multiple carriers.