Extra support when you need it most
A cancer diagnosis can be overwhelming—not just emotionally but financially. While major medical insurance helps cover many treatment costs, out-of-pocket expenses can still add up quickly. Group cancer insurance plans provide employees with an additional layer of financial protection specifically designed to help with cancer-related costs.
What is group cancer insurance?
Group cancer insurance is a supplemental benefit offered by employers to help cover expenses associated with cancer diagnosis, treatment, and recovery. This coverage is available to employees (and often their families) through a group plan, usually at discounted rates compared to individual policies.
The plan pays benefits directly to the insured to help with costs that traditional health insurance may not fully cover.
What does group cancer insurance cover?
Benefits typically include lump-sum or scheduled payments for:
- Initial cancer diagnosis or hospital confinement
- Chemotherapy, radiation, and other treatments
- Surgery and anesthesia
- Experimental treatments
- Travel and lodging for treatment away from home
- Daily hospital or ICU stays
- Hospice or home care
- Transportation and caregiver expenses
Why choose group cancer insurance?
- Financial peace of mind: Helps cover copays, deductibles, transportation, and other non-medical expenses.
- Affordable premiums: Group rates typically make this coverage more cost-effective than individual policies.
- Easy enrollment: Often offered with simplified underwriting or guaranteed issue for employees.
- Supplemental support: Designed to complement your existing health insurance, not replace it.
Who benefits from group cancer insurance?
Anyone concerned about the high costs of cancer treatment can benefit from this coverage. It’s especially valuable for families who want to avoid the financial strain cancer can create.
How do premiums work?
Premiums are usually shared between the employer and employee or can be fully employee-paid as a voluntary benefit. Payroll deduction makes payments easy and convenient.