Additional benefits can make an otherwise simple and basic cancer policy, more comprehensive and attractive to consumers. These “other” benefits provide compensation for occurrences that one would not think they needed to be covered for. These benefits don’t require extra payments, such as riders, they are included in the base price.
- National Cancer Institute Evaluation – This allows the policy holder an opportunity to get a second evaluation at the institute in which you would be working with a specialist in that area of cancer. The policies do not pay for the entire evaluation but do take care of a large portion of the cost.
- Speech Therapy – An additional benefit that may surprise some but is often needed. Due to the severity of many cancers, communication can be effected and the patient must be rehabilitated in order to do so after treatment. Many policies give daily amounts to go towards this type of therapy that can be both very costly and for a long period of time.
- Tutor – If a covered child is on the policy and he/she happens to be diagnosed with cancer and must miss school, many policies cover costs for tutors to come in and help the student stay with his or her classmates as they receive treatment outside of school.
- Income Replacement Benefit – Being out of work due to cancer can cause many financial burdens. Some policies replace some weekly income for a standard amount of time if you are unable to work due to your diagnosis.
|Company||Effective Date||Average Increase||Comments|
|Aetna Life Insurance Company||1/1/14||7.0%||New Jersey|
|American Continental Insurance Company||3/1/14||6.3%||Arizona|
|American Progressive Life and Health Insurance Company of New York||1/15/14||6.0%||Connecticut|
|Anthem Blue Cross and Blue Shield - Colorado||2/1/14||4.1%||Colorado|
|Anthem BlueCross - California||3/1/14||6.0%||California|
|BlueCross BlueShield of Delaware||1/1/14||4.2%||Delaware|
|CareFirst BlueChoice, Inc.||1/1/14||-4.1%||Virginia|
|CareFirst BlueCross BlueShield||1/1/14||1.4%||Maryland|
|Central States Indemnity Company of Omaha||4/1/14||1.0%||Arkansas|
|Colonial Penn Life Insurance Company||1/1/14||3.0%||0% - 12%; Varies by state|
|Combined Insurance Company of America||1/1-5/1/2014||8.6%||4.6% - 12.5%; Varies by state|
|Equitable Life & Casualty Insurance Company||12/1/2013-1/1/2014||5.5%||5% - 6%; Varies by state|
|Excellus Health Plan Inc.||1/1/14||-6.2%||New York|
|Family Life Insurance Company||2/1/14||14.0%||Oregon|
|Gerber Life Insurance Company||2/1/14||20.0%||Nebraska|
|Heartland National Life Insurance Company||2/1/14||6.0%||3% - 9%; Varies by state|
|Humana Insurance Company||3/1-5/1/2014||5.8%||(7.4%) - 14.9%; Varies by state|
|Loyal American Life Insurance Company||1/1/14||9.0%||New Hampshire|
|Medico Insurance Company||2/1/14||1.9%||Texas|
|Paramount Insurance Company||1/1/14||11.6%||Ohio|
|Regence Blue Cross BlueShield of Oregon||1/1/14||3.7%||Oregon|
|Standard Life and Accident Insurance Company||1/15/14||2.2%||Missouri|
|Sterling Life Insurance Company||1/1/14||9.5%||(7.7%) - 25%; Varies by state|
|Thrivent Financial for Lutherans||4/1/14||5.4%||South Carolina|
|United American Insurance Company||1/1-3/15/2014||2.2%||(12%) - 18.5%; Varies by state|
|United Commercial Travelers of America||1/1/14||8.5%||7% - 10%; Varies by state|
|UnitedHealthcare Insurance Company||1/1-4/1/2014||4.0%||(3.1%) - 10%; Varies by state|
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