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.
SOURCE: Conseco Insurance Group
CONTACT: Media Oakes, Corporate Communications of Conseco Insurance
Web site: http://www.conseco.com/