Heart Attack, Stroke, And Cancer Insurance
Protection from the unexpected
What Is Heart Attack, Stroke, And Cancer Insurance?
The thought of facing a cancer diagnosis or suffering from a heart attack or stroke is alarming, and it can happen to anyone. Roughly 38% of men and women will be diagnosed with cancer at some point during their lifetimes. In addition, approximately every 40 seconds, someone in the U.S. will have a heart attack or stroke.
While these numbers are scary, medical advancements are allowing more people to beat cancer, and survive after a heart attack or stroke. Further, heart attack, stroke, and cancer insurance options can help offset costs for treatment. Here's how we can help you prepare for the unexpected at Adroit Health Group.
How Does Heart Attack, Stroke, And Cancer Insurance Work?
Unfortunately, the treatment needed for these major medical conditions can take a toll on your finances, putting you and your family at risk. Medical bills often add up quickly, even if you have traditional health insurance. High deductibles, costly treatment options, and medications can put a strain on your bank account. This is when supplemental heart attack, stroke, and cancer insurance can help.
For a monthly premium, this type of insurance provides a set-level of catastrophic coverage to help offset any costs you may face. In short, it fills in the gaps when your basic health insurance plan isn’t enough. How you use the money provided is typically up to you.
It can be used to cover both medical and non-medical costs, including but not limited to:
- Medical procedures
- Surgery costs
- Co-pays or co-insurance costs
- Diagnostic tests
- Travel and lodging when medical treatment is in another area
- Hospital stays
- Mortgage or rent payments
- Car payments
- Daily living expenses
How Much Does Heart Attack, Stroke, And Cancer Insurance Cost?
Each insurance plan is unique, customizable to fit your need and budget. What services you are reimbursed for, and at what rates, will depend on the amount of coverage you will receive in the event of a cancer diagnosis, heart attack, or stroke.
Monthly premiums range in price, but for many, it can be a highly-affordable supplement to your traditional insurance. Your policy cost will depend on a number of factors such as:
- Current health condition
- Lifestyle habits, such as drinking, smoking, and exercise
- Family history
Overall, supplemental plans like heart attack, stroke, and cancer insurance are a crucial part of coverage for many people. At Adroit Health Group, we offer insurance plans in more than 40 states. We can help you explore options that work for your family’s budget.
Want to learn more about your options? Contact us today for more information!
Who Qualifies For Heart Attack, Stroke, And Cancer Insurance?
Due to the startling statistics previously mentioned, it’s understandable that many people are starting to look into heart attack, stroke, and cancer insurance.
The right time to consider a plan like this is usually when you are young and healthy, but concerned about your family medical history. Consider the following commonly asked questions about who qualifies for heart attack, stroke, and cancer insurance.
Can cancer patients get insurance after diagnosis?
Every case is unique. However, if you have been previously diagnosed and treated for cancer, you are usually not eligible for this type of insurance. This is regardless of whether or not you have made a full recovery.
The best time to invest in this type of insurance is before you have a diagnosis. It is simply a safety net that works in addition to your health insurance if you believe you’re at a higher risk due to your family history.
In terms of cancer insurance, it’s important to mention that it usually does not cover any of the costs related to non-melanoma skin cancer. If you have early skin cancers, such as carcinoma in situ, you may only get a reduced payout. This is usually half of or less than what you might receive for a routine cancer diagnosis.
Does insurance cover a heart attack?
A heart attack comes on suddenly and often without warning. For this reason, it can be difficult to cope with the immediate aftermath.
You may not be able to work due to the time needed for you to make a full recovery. In severe cases, permanent damage may prevent you from returning to work at all. In this case, a lump sum of money provided through insurance can help you focus on your health and recovery.
In the event that your basic health insurance will not cover unique treatment options or experimental medications, a supplemental insurance plan can help.
Is a heart attack a critical illness?
A heart attack is considered a critical illness under most supplemental insurance policies. Whether you invest in a critical illness policy or one specifically geared towards heart attack and strokes, you can rest assured knowing you’ll be covered.
However, every plan is different, so it’s important to speak with an expert before purchasing these types of policies. Some plans only consider a heart attack of a certain severity to be a critical illness. Additionally, you may not be covered in the case of a second heart attack during your lifetime.
Read the fine print to be completely confident in the coverage you will receive in the event that you do suffer a heart attack. Our team at Adroit Health Group is always here to help you make sense of exactly what type of insurance you're receiving and what it covers. Contact us today to learn more.
Who does not qualify for this type of insurance?
Every particular case is unique to the individual. That means there is no blanket approach to qualifying for this type of insurance. You should speak to your doctor or an insurance professional to get a better idea of whether you’re eligible.
However, there are certain cases that will typically disqualify you from the start.
If you have a pre-existing condition that makes you more likely to develop cancer, you may not be eligible for heart attack, stroke, or cancer insurance. These pre-existing conditions usually include:
- Hodgkin’s disease
- AIDS-related complex
Likewise, you typically can’t purchase this type of insurance after suffering a heart attack or stroke, or after being diagnosed with cancer. In some cases, you may still be denied coverage even if you have suffered from these conditions in the far past.
Should I Get Heart Attack, Stroke, And Cancer Insurance?
Before deciding to get this type of insurance, it’s important to consider your family history, budget, and current health insurance plan.
If you are young and in good health with no family history of cancer, heart attack, and stroke, this may not be the best place to start. Your family may benefit more from supplemental insurance, short term health insurance to help bridge insurance gaps, or disability insurance.
On the other hand, if you have several family members who have been diagnosed with cancer or have suffered a heart attack or stroke in the past, you know the stress it can cause. It puts a strain on your physical, emotional, and financial well-being. Talk with your doctor about the hereditary nature of the conditions that are common in your family medical history. If you're at higher risk, a heart attack, stroke, and cancer insurance plan could help you prepare in case the worst happens.
Your budget will also play a part in determining whether you should invest in this type of insurance. If you have young children who depend on you for financial stability, there is much more at stake. You may find that a monthly premium is worth knowing that your family will be protected in the event of an unexpected medical event or diagnosis.
Lastly, take some time to analyze your current health insurance plan. What does it cover if you were to suddenly face one of these major illnesses? If you are at an average risk for cancer and heart attack or stroke, and have good health insurance, you may not need a supplemental plan. Read through your policy carefully to determine what is covered, and what is left out.
Boosting your plan to include additional benefits may be more cost effective that investing in a supplemental plan. If this isn't offered, though, a supplemental plan like heart attack, stroke, and cancer insurance can help cover the gaps in your current plan.
How We’re Different At Adroit Health Group
At Adroit Health Group, we know the importance of protecting your family from the unexpected. If you’re interested in setting up heart attack, stroke, and cancer insurance, we can help. The team at Adroit Health Group takes a customer-focused approach. Our goal is to help you find the best coverage options for your unique situation.
We offer a variety of flexible health insurance plans that can fit any budget and give you peace of mind. Our plans can provide coverage if you:
- Travel out-of-network often
- Have costs related to an accident or a critical illness, like cancer
- Need a "Medigap" policy to cover costs that Medicare doesn’t
- Are in between jobs, self-employed, or retired
- Don't have access to various types of insurance through your employer
- Need additional coverage beyond your basic health insurance plan
Supplemental insurance is valuable because it offers flexibility. You can choose the best coverage for you, your family, and your personal situation.
We believe you should fully understand the basics of health insurance, how much it will cost, and how it could save you money in the future. Find all of our innovative health insurance options for individuals and families here.
If you’re ready to get started, contact us today at Adroit Health Group. Give our team a call at 1 (800) 269-3563 or send us an email. We are dedicated to walking with you through each step of the process.