Colon Cancer Insurance Provides Safety Net For Expenses Not Covered by Standard Policy

Colorectal cancer is the third most common cancer in men and women. In 2009, The American Cancer Society estimated nearly 50,000 US-resident deaths were caused by rectal or colon cancer. Insurance plans of the standard variety are supposed to provide individuals with financial protection from the potentially heavy costs they might incur in the future. This includes the morbidity and mortality costs of having a dreaded disease.

Standard health insurance plans do not cover morbidity and mortality costs. The benefits can only be used for direct medical costs. According to the National Institutes of Health, the overall cost of cancer treatment is estimated to be over 228.1 billion dollars. Of this number, only 93.2 billion dollars are for direct medical costs. Simple math will uncover the truth: being insured does not guarantee one's financial protection from cancer.

For people who are at risk of suffering from cancer of the rectum or colon, cancer insurance is recommended. As a type of supplemental insurance, cancer insurance can reinforce the financial protection provided by health insurance plans. Policyholders can use their cancer insurance coverage to pay for the hidden costs that underlie cancer costs, such as transportation charges, home care, and childcare incidentals. Cancer insurance benefits can also be used to cover lost income and experimental cancer treatments.

The risk of colorectal cancer increases with age; 91% of cases are diagnosed in individuals aged 50 and older. Many studies have also shown that certain inherited genetic mutations may also increase the risk of certain colorectal cancers.

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Supplemental Insurance - What is it and Why Do You Need It?

The best way to understand Supplemental Insurance is to explain what it isn't. It is not Major Medical. Major Medical Insurance really belongs to the provider, does it not? Doctor, nurses, hospitals, etc., all get paid by Major Medical when someone in a family gets hurt or sick. Supplemental Insurance Plans do just the opposite. These are plans that pays cash directly to the policyholder! And what would someone need money for if a family member were to get hurt or sick? Well, lets take a look: there are those out-of-pocket medical expenses, like deductibles, co-pays, beyond usual and customary or out-of-network charges. There may be travel, lodging or extra gas and food expenses. Besides that, there are still the every day living expenses: rent/mortgage, car payment, cell phone, credit card bills and the family still need to eat. Those expenses don't go away when someone gets hurt or sick. It's hard for families, especially if the breadwinner is on a diminished or loss of income. When an unexpected event happens to someone in their family, people worry about two things, how are they going to get better and how is this going to be paid for.

Supplemental Insurance allows people to choose plans that fit the needs of their family. The money received, in the form of a check, is theirs to do with as they see fit. Unlike an FSA (Flexed Spending Account), one does not have to qualify these expenses. Plans such as Accident, Hospitalization, Cancer and Critical Illness pay dependent on the diagnosis and what type of treatment was received. Cover the whole family: self, spouse, one-parent or two-parent family plans are optional.

Supplemental Plans are available on an individual basis, however, if they are offered through an employer, there is the added benefit of tax-savings. Most plans can be offered pre-tax, saving the employee as well as the employer money. (Pre-tax premiums lower the employers taxable payroll).

Disability is also often available on a supplemental basis. People insure their home, their car, perhaps even their boat or jewelry. Ones income is their most important asset. Without income, how will someone be able to pay for any of those other assets, yet many people do not consider Disability Insurance.

We are living in critical times. Many people are living paycheck to paycheck. Additional expenses could be devastating to a families well being. With Major Medical deductibles and co-pays on the rise as well as coverage diminishing, isn't it time to look into Supplemental Insurance?

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Should You Buy Earthquake Insurance?

Buying insurance can be frustrating because many people believe that they will never actually need to use it and are wasting their money. This is an especially popular belief when it comes to earthquake insurance for people living outside of areas that are prone to earthquakes such as California. If you have wondered do I need earthquake insurance, think about a few important factors before making the decision.

As with most things in life, it is always better to be safe than sorry. Each year in the United States, about five thousand earthquakes occur that are large enough to be felt. While it is true that most of them occur on the west coast, they have occurred in thirty-nine states since 1900 and have caused at least some damage in all fifty.

When it comes to the cost of earthquake insurance, there are different factors that contribute. For example, the age of the house as well as the building materials can have an effect. Older houses are more expensive to insure because newer homes have been built with stricter safety standards. In addition, a home built with brick instead of wood will be more expensive to insure because it is less flexible and more likely to collapse in the event of an earthquake.

If someone really decides that they do not need earthquake insurance, they should at least take steps to protect their home in the event of an earthquake. One important safety move is to remove any old or leaning trees that are close to the home. It is also a good idea to add metal roof ties and reinforce the walls of the home with plywood sheathing.

If you are wondering do I need earthquake insurance, think about how likely it is that an earthquake will occur in your area. Even if it is unlikely, think about the cost of repairing your home if an earthquake did occur. In many cases, the safest bet is to be prepared for any situation instead of rolling the dice and getting stuck with expensive damage.

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Why You Need Medigap Insurance

When your hair is gray and thinning and your health is not at its finest, you need to have medical insurance in order to cover medical bills. Physicians and pharmacists can charge you a lot from your medications or maintenance medicines. There are inevitable times when you get sick and need to be admitted to a hospital. However, after your admission, you will be shocked by how much you need to pay. There are gaps in your medical bill and your Medicare insurance and you wonder how you're going to bridge that space in between. That's where a Medicare supplement insurance or Medigap plan becomes valuable.

With medigap insurance, you won't have to worry about the payments because the insurance pays all of the bills you incur. In our daily tasks, we don't know when we will need emergency medical assistance. Most of the time, this will cost much. With medical supplement insurance, you won't have to feel anxious that you won't be able to pay the hospital for emergency services because you will have your Medigap to cover that for you.

People who have turned sixty all the more need to consider getting a medical supplement insurance so they will feel confident that they won't be having to spend so much in hospital bills. The only thing one should worry about is how to show love and care to the sick people who need it. One should not have to worry about money and especially not when life is on the line. But since this is an imperfect world, this sometimes cannot be helped even as one can be assured that there is a medical health insurance that fills the gap between Medicare coverage and an actual hospital bill.

So if you don't want to have to pay a large amount of money to your hospital, get a medical supplement insurance plan. Health matters most because life matters when you want to see your children growing and their children's children growing, if you get lucky enough. The good news about medical supplement insurance is, it does not cost much compared to a usual medical health insurance plan. So go ahead and get medical supplement insurance. It is beneficial for you especially if you or your family's life is involved. This way, you won't have to worry about hospital payments anymore.

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Medicare Supplement Plan N - A Great Alternative to Medicare Advantage

The new Medicare Supplement Plan N looks similar to Medicare Advantage Plans. Plan N looks like a Medicare Advantage plan in many ways, with co-payments to see the doctor, but with all the advantages of the traditional Medicare Supplements, such as no networks of doctor and hospitals.

Plan N looks like a Medicare Advantage plan, with co-payments to see the doctor, but with all the advantages of the traditional Medicare Supplements. The premiums are very reasonable, on par with many Advantage plans. There is a $20.00 co-payment (or 20%, whichever is less) to see a doctor - any doctor, a family doctor or specialist, with NO referral necessary (After you meet the Part B Deductible - $155.00 for 2010), and a $50.00 co-payment for the emergency room. After the co-pays, Plan N will pick up 100% of the Part B co-insurance, as well as cover the Part A deductible. Included in the "Basic Benefits" is a new hospice benefit, which has been added to all of the "Modernized" Medicare Supplements. This plan has ALL the advantages of the traditional Medicare Supplement. You can see any doctor or hospital in the United Sates, as long as they accept Medicare. No worrying if your doctor or hospital is still in the network, or if they decided to stop accepting Advantage Plans. Plan N also has the "Foreign Emergency Travel" benefit found in many other traditional Supplements, so if you travel outside the United States, you will be covered.

As always, you should consult a professional, to go over all the benefits, and help you find the best plan, at the best price, for your particular situation.

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