Cancer coverage:
cash benefits
after a diagnosis.

How it works

• You buy a policy with a stated benefit amount — typically $5,000 to $50,000 lump sum on initial diagnosis.
• If you're diagnosed with a covered cancer (defined in the policy), the carrier pays the lump sum within weeks.
• Some policies also pay ongoing benefits for chemotherapy, radiation, hospital stays, surgical procedures, transportation, and out-of-network specialist care.
• The benefits are paid to you — not the hospital — so you choose how to use them.

Who it fits

Like hospital indemnity, cancer coverage is supplemental, not a replacement for health insurance. It fits situations where:

• You have a family history of cancer and want financial buffer alongside primary coverage.
• Your primary health plan has a high deductible or significant out-of-pocket exposure.
• You're self-employed and a cancer diagnosis would mean lost income with no employer disability backstop.
• You're on Medicare without a Supplement and want help with the 20% coinsurance on extended treatment.

What it doesn't cover

Be honest about the limits:

• Pre-existing cancers are usually excluded outright or have waiting periods.
• Skin cancers other than melanoma are often paid at lower benefit levels or excluded.
• Some policies exclude in-situ (very early-stage) cancers from the full lump sum.

We read the policy with you, line by line, before you buy. The exclusions matter. For how these supplemental policies fit together, see hospital indemnity and cancer coverage, explained.

What it costs

Premiums vary by age, benefit level, and family history. A 50-year-old non-smoker buying a $20,000 lump-sum cancer policy might pay $30–$60/month. A 70-year-old might pay $80–$140/month. We quote across multiple carriers.