Why cancer insurance adds value to any benefits mix

In 2018, cancer patients in the U.S. paid $5.6 billion out of pocket for cancer treatments. Cancer costs in the United States are expected to increase 34% to $245.6 billion by 2030 1.

When someone is diagnosed with cancer, the last thing they should have to worry about is the cost of treatment. While health insurance can definitely help, the costs of cancer can go well beyond what’s covered, from copays and deductibles, to out-of-network and experimental treatments, home health care needs, and travel. That’s on top of everyday bills such as groceries, utilities, car payments, and more.

Cancer insurance gives an insured employee a lump-sum amount for the diagnosis and treatment of cancer they can spend however they choose. Access to this kind of additional financial protection can be more affordable when you offer group cancer insurance.

Guardian helps employers offer cancer insurance that:

How Guardian cancer insurance goes further

Guardian offers three levels of cancer insurance plans: Value, Advantage, and Premier. This allows employers to choose what might be the best coverage for their company at a price point that fits the budgets of the employees and the business.

Depending on the selected plan, employees can receive payment for more than 30 covered services related to diagnosis, annual cancer screenings, treatment, and procedures. In addition, they may be able to receive coverage for:

  • alternative care
  • anti-nausea medicine
  • experimental treatment
  • home health care
  • inpatient special nursing
  • Lodging
  • Radiation/chemotherapy
  • Immunotherapy

Support this benefit with an active enrollment strategy

When your company decides to offer accident insurance, our approach to enrollment can help you design an experience that educates and engages employees, so they can make more informed benefit decisions.

Learn more about our active enrollment approach.

Disclaimer

1 “The Costs of Cancer, 2020 Edition,” fightcancer.org.

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For Wyoming residents:
Cancer Insurance Disclosure Information
Right to Return: If you are not satisfied, you may return the certificate within 30 days after receipt. The amount of premium you have paid will be refunded provided no claim has been incurred during the 30-day period. Your certificate will then be void, as though you had never applied for the insurance.

Proof of Insurability: If your plan requires proof of insurability, it will be shown in the schedule of insurance. Your coverage may not become effective until you submit proof of insurability to us.

Pre-Existing Conditions: If your plan has a pre-existing condition limitation, it will be shown in your certificate. A pre-existing condition is a cancer, whether diagnosed or misdiagnosed, for which in the 90 days before you become covered by this plan, you: (1) received advice or treatment from a doctor; (2) underwent diagnostic procedures; (3) were prescribed or took prescription drugs; or (4) received other medical care or treatment, including consultation with a doctor. This plan will not pay benefits for cancer that is caused by, or results from, a pre-existing condition if the cancer occurs during the first 12 months that you are covered by this plan.

Exclusions: This plan will not pay benefits for the following: services or treatment not included in the schedule of insurance; services or treatment provided by a family member; services or treatment provided primarily for cosmetic purposes; services or treatment for premalignant conditions; services or treatment for conditions with malignant potential; services or treatment for non-cancer sicknesses; cancer caused by, contributed to by, or resulting from: (1) participating in a felony, riot or insurrection; (2) intentionally causing a self-inflicted injury; (3) committing or attempting to commit suicide while sane or insane; (4) your mental or emotional disorder, alcoholism or drug addiction; or (6) serving in the armed forces or any auxiliary unit of the armed forces of any country; cancer arising from war or act of war, even if war is not declared.

Benefits: Your plan may include the following benefits: air ambulance; alternative care (palliative care or Lifestyle benefits); ambulance; anesthesia; anti-nausea medication; attending doctor; blood, plasma and platelets; bone marrow and stem cells; cancer screening, cancer screening follow-up; experimental treatment; extended care facility/skilled nursing care; government or charity hospital; home health care; hormone therapy; hospital confinement; immunotherapy; intensive care unit confinement; inpatient special nursing; medical imaging; outpatient and family member lodging; outpatient or ambulatory surgical center; physical or speech therapy; prosthetic devices; radiation therapy and chemotherapy; reconstructive surgery; reproductive benefits; second surgical opinion; skin cancer; surgical benefits; and transportation/companion transportation.

Guardian's Cancer Insurance is underwritten and issued by The Guardian Life Insurance Company of America, New York, NY.  Products are not available in all states.  Policy limitations and exclusions apply.  Optional riders and/or features may incur additional costs. 

Guardian® is a registered trademark of The Guardian Life Insurance Company of America. © Copyright 2021 The Guardian Life Insurance Company of America

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