Health

What Is Cancer Protection Insurance?

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Cancer is perhaps one of the most dreaded diseases which can affect a person. The pain, the suffering and the final loss of all the physical capabilities can really put a toll on any person especially when it strikes in the most critical part of life – your body. This is where Cancer Protection schemes come into action. It is an act of the government to help the people who are stricken with cancer by covering all the medical expenses that they will incur. However, for a cancer sufferer, getting a Cancer Protection Service is not easy and hence one should always ensure that he gets the best from the scheme he is opting for.

In a nutshell, the scheme provides financial assistance to cancer sufferers so that they may not have to bear the entire medical cost of the treatment. The money received under the scheme is fully refundable upon death of the cancer sufferer. In some cases, the money received under the scheme could be more or less than the actual amount spent during the treatment. There are many provisions which the applicant should check out and review while applying for a cancer protection scheme. One of the foremost things that a person should look for while applying is that the insurance scheme he is applying for should not only cover the medical costs and the treatment but also the financial costs incurred by the family of the person who has cancer.

It would be ideal if the scheme covers everything including the funeral expenses. The insurance scheme should be able to give the family everything so that they may not have to bear the financial burden of feeding, clothing and housing for their loved one who is suffering from cancer. They would be left with nothing but the well-wishing of the cancer sufferer and the final and most important thing is that they would be able to pay their own final bills. This is one of the major reasons why a person should be very careful about the policy that he opts for.

The Cancer Protection Service offers a lot of financial benefits to cancer patients. For a long time, the Canadian government has been offering financial assistance to cancer sufferers and their families. The Cancer Care Insurance Plan was first introduced by the federal government in 1993. Under this scheme, families of cancer sufferers who are unemployed or self-sufficient could avail of the financial assistance to meet the expenses related to medical treatment. Under this scheme, a person or his loved one does not need to undergo chemotherapy or radiotherapy for the cancer.

The plan provides a lump sum payment to the family of the cancer sufferer, along with certain fixed rates of interest. Depending on the plan, the cancer sufferer might also be entitled to some additional benefits. This plan has various benefits for both the cancer sufferer and his/her family. One benefit is that the lump sum payment received will cover all of the medical expenditures incurred during the period of treatment. Thus, if the treatment lasts for six months or more, then this lump sum payment will definitely help the family to bear all the expenses incurred.

The cost of cancer treatment can be very costly, especially when it is related to hospitalization and chemotherapy. As a result of this, there is always a possibility that the cancer sufferer might not be able to afford these expenses. This is where the Cancer Care Insurance Plan comes into action. By getting this scheme, the family of the cancer sufferer gets the financial support to meet all the medical expenses. This plan has different payment options, depending on the number of members in a family and the income of the family.

The Cancer Care Insurance Plan helps the family of the cancer sufferer to take care of his/her daily needs and demands, while the sufferer recovers from his/her cancer. In addition to this, the plan also provides support in cases of loss of wages due to the disability. This scheme also provides coverage for dependents such as spouses and children. In case the cancer sufferer dies, the policyholder receives a lump sum payment from the proceeds of the policy. In certain cases, the policyholder might receive payments from the beneficiary.

One should remember that although the Cancer Protection Insurance Plan offers financial assistance, it does not provide all kinds of medical care. If a cancer sufferer requires surgery, radiotherapy or additional specialized care, then these must be covered by other insurance plans. Therefore, it is essential to compare different insurance plans, based on the kind of treatment the cancer sufferer requires.


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