Cancer Insurance Policies
Your people are the key to making your business succeed.
Cancer Insurance Essentials
While health insurance assists with medical expenses for cancer treatment, it often falls short of covering the full cost.
Cancer patients may face a loss of income from taking time off work, special dietary needs, and travel expenses to treatment centers. These non-medical expenses can add up quickly and strain finances.
Cancer insurance is designed to address these additional costs, allowing covered employees to focus on their recovery without added financial stress.
Although employees typically bear most of the premium cost for a voluntary cancer policy, employers can often secure significant cost benefits by purchasing multiple policies from the same provider.
The Eleos Difference
No matter which benefit plans you wish to offer your employees, our approach is more individual and less institutional.
We start by listening and end with solutions tailored to your needs.
Not only do we secure your coverage from day one, but we also provide year-round value through our services. With our in-house subject matter experts, we offer everything you need to manage risks, limit liability, administer plans, and control costs.
Committed to transparency and authenticity, we lead with values so that value leads.
Once you’ve decided on a plan, we provide resources to educate your employees on their benefits and ease the transition.
When you take care of your employees, they take care of your customers.
Rooted in your priorities and focused on your opportunities, we make caring for your people our business.
Employee Questions, Your Answers
You and your employees may have questions about cancer insurance. Here’s information to help you answer them.
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Cancer coverage helps with expenses during treatment that aren’t covered by a standard health plan.
Cancer insurance provides cash benefits for qualified cancer treatments, addressing non-medical expenses alongside deductibles and other cost-sharing arrangements.
Some plans also cover annual screening tests for prevention and early diagnosis. Optional riders may offer additional financial protection during the initial diagnosis period and hospital stays.
After a covered diagnosis, cancer insurance typically pays benefits as a lump sum to help with qualifying costs, such as:
Loss of income
Deductibles and copays
Travel to treatment centers
Routine living costs
Household upkeep
Special diets
Childcare
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While most cancer insurance plans have exclusions for certain pre-existing conditions, this coverage is typically available to everyone.
If you fall ill with a qualifying condition while your cancer policy is active, you will be eligible for the full benefits outlined in your plan.
Individuals 18 and older can purchase coverage ranging from $5,000 to $100,000 for a lump sum policy. Other cancer policies pay based on a schedule of benefits, which may include coverage for initial diagnosis, radiation/chemotherapy, diagnostic testing, travel and lodging, daily hospital stays, and more.
However, it's essential to understand the stipulations and complexities before choosing a plan.
Talk to an Eleos employee benefits specialist today to learn more about the options that best meet your employees’ needs.
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The healthier you are and the less coverage you need, the lower the premium cost.
We understand each employer’s needs are different. That’s why we take the time to fully understand your unique situation and tailor coverage options to your circumstances.
We get to know you before we quote a price and are committed to providing the coverage you need at a price that makes sense for your budget.
Not sure where to start? Talk to someone who wants to listen.
A great plan begins with a conversation. Let’s discuss your needs.
