Wellness

[Mmsfoxxie]

Has anybody ever got a letter from their health insurance company offering cancer insurance?  I got one yesterday and it freaked me out.  It had the scare tactic to it..."one in three people will have cancer and won't be able to afford medical services"!  What?  I thought I had all of the insurance necessary.  If I dwell on the 'what ifs' of life, I wouldn't have an extra penny.

I have Medicare and supplemental insurance, Plan F.  And drug insurance.  Isn't that all that most people have?

[Ms X]

This sounds like a scam.

[123SuzyQ123]

I've had a cancer policy with AFLAC for over 14 years.  It is not very expensive, about $24 per month.  But DH and I both have cancer on both sides of our families (6 deaths combined from both families so far), so I took out the policy because of cancer being in both families.

[Mmsfoxxie]

No, I don't think it's a scam in the illegal sense because it from Mutual of Omaha, my regular supplement provider.

My point was that testing and treatment for cancer will be taken care of with my other insurances unless it's catastrophic.

[gidgetgh]

We have a cancer policy with Aflac. Last year, when my husband was diagnosed with colon cancer, they paid us $18,000. 

[terrier3]

There used to be more of these "single disease" policies before the ACA ended caps on treatment.

Many policies used to pay up to a certain amount for each illness...so a person with chronic heart failure might get covered up to one million dollars - but since a heart transplant often costs more than that - they would have to pay out of pocket or go without.

They aren't necessary anymore.

[151949]

In 1991 I had over $250,000 in the bank after working over in Saudi Arabia for a few years so we thought we were set up for life. Then I was diagnosed with kidney cancer. The treatment was experimental , my ins would not pay for it and we had too much money to get a grant so we had to either pay for it ourselves or do without. I went through that quarter million dollars plus some more! If I had an opportunity to purchase cancer ins. I certainly would. The up side - it was money well spent - the 5 year survival rate for the cancer I had was < 5% and yet 25 years later I am still here. My cousin had the same cancer and he was not offered any treatment and was dead in 3 months.

[Mmsfoxxie]

Thanks to everyone for your responses.

So, @terrier3,  you're saying that most people don't my extra policies such as cancer policies?  ( I know you are in the insurance business).

[terrier3]

---

@Mmsfoxxie wrote:

Thanks to everyone for your responses.

So, @terrier3,  you're saying that most people don't my extra policies such as cancer policies?  ( I know you are in the insurance business).

---

No, they aren't necessary anymore.

Now your insurance covers your costs (after your annual deductible and out of pocket), no matter how long you are ill and how much it costs.

It's not "insurance", IMO, unless it covers all aspects of healthcare, which we have now, thanks to the ACA.

[Mmsfoxxie]

Thanks, @terrier3.