8The reality of Cancer, Â Â Aflac is here to help.
Generally speaking, it's a supplemental policy designed to complement health coverage and help manage the financial risks plus high costs of cancer treatment. It is not designed to replace your health insurance.
Although the new ACA-compliant health insurance plans do not have the sort of gaping coverage holes that some plans had in the past, they can still have a significant out-of-pocket exposure. Under Obamacare, out-of-pocket costs for in-network care can be as high as $6,350 for an individual and $12,700 for a family. (These amounts will increase to $6,600 and $13,200 in 2015.)
According to a study conducted by Bankrate last year, more than three quarters of Americans do not have enough savings to cover six months of expenses, and half of Americans have less than three months of expenses saved. Even with a solid ACA-compliant health insurance plan, cancer treatment can leave you with $6,350 in out-of-pocket expenses, assuming you receive all of your care from in-network providers. That’s a tough pill to swallow for families without significant savings stashed away.
And that’s just the medical bills. What if you have to take unpaid sick time from work? How long would your financial reserves last? A cancer insurance policy with an affordable monthly cost and a lump-sum cash payout of $50,000 could certainly help when you need it most.
Aflac Cancer policies are only $5 to $8 a week which is only the cost of a Starbucks coffee a week
book today at Ricks Benefits
