Cancer Insurance: The Coverage You Forgot You Needed

Cancer Insurance: The Coverage You Forgot You Needed

The Skinny on Cancer Insurance

Here at CWI, we’re always looking for ways to add more value to our clients. One of the ways we do this is by partnering with new providers to offer greater coverage where it matters most.

around 65% of employees have less than a thousand dollars to pay for an unexpected medical expense.

Gentlemen, what chance do you have of developing some form of cancer in your lifetime?

1 in 2. That’s 50%. Not the kind of lottery you want to win.

What about the chance of it taking your life?

1 in 4. 25%. Still not comfortable with that.

Ladies, you have a 1 in 3 chance of developing some form of cancer in your life and a 1 in 5 chance of dying from it.

These are sobering numbers to contemplate. And then comes the financial part of it. The truth is that cancer treatment is costly even if you already have major medical insurance. On average a patient will have to pay $5,400 of uncovered expenses.

Do you have over $5,000 laying around? Most don’t. In reality, around 65% of employees have less than a thousand dollars to pay for an unexpected medical expense according to Aflac’s WorkForces Report.

And even if you did have $5,000 wouldn’t it be put to better use for your living expenses? To take care of your family? Considering that you might be out of work as you go through treatments…

I’m not trying to scare you with this. Unfortunately, these are the facts that surround cancer.

Employers: Listen Up

Why should you as an employer offer this to your employees?

Well, if the previous facts don’t convince you, consider the following:

Your star employee has discovered they have cancer. They come into work but their drive to work isn’t there. Their mind is pre-occupied. You see their face full of concern and they begin to fall behind in their responsibilities. As the weeks go by your star employee is now barely making it.

Not only is this a hit to your company morale but also to your revenue stream. You now have to hire more people to make up for this once awesome employee’s work.

How can you, The Boss, soften the blow of cancer expenses? By offering a benefit that can be covered by either you or the employee. Aflac’s WorkForces Report provides insight demonstrating “employees who have access to voluntary benefits are more satisfied with their benefits offering and their employers than those who don’t have access to it.”

You’re going to want to offer this benefit so that when they’re at work their mind is at work. Cancer insurance helps alleviate the financial stress that mounts on top of an already stressful situation.

Cancer Insurance is Affordable

Very. As was mentioned, you have to take into account time off from work, living expenses that continue whether you’re working or not, and the payment of treatments not covered by your major medical coverage.


They’ll pay you for going to your physical




How affordable is it? I can’t provide you a number just like that. This coverage can be tailored on a personal level whether you choose a lump sum upon discovery of cancer or you choose to receive benefits throughout your treatment.

Roughly, and I mean roughly, it can cost you from $20 to $40 a month. But again, this is subjective to the actual coverage you choose.

A nice plus is that many plans offer a wellness checkup benefit. Basically, they’ll pay you for going to your physical that calendar year. This varies from provider to provider but it’s a nice touch most offer.


Should you have any questions regarding cancer insurance or any supplemental benefit feel free to contact us or email me at

We’re here for you!