Cancer Insurance Policy vs. Health Insurance: What’s the Difference?

A cancer insurance policy helps cover the expenses that standard health insurance may not, including treatments, prescriptions, and non-medical costs like travel, lodging, and lost income. Cancer treatments can be financially overwhelming, and even with a comprehensive health plan, out-of-pocket costs can add up quickly. Having additional coverage in place ensures you can focus on your health instead of worrying about unexpected bills.

At Absolute Best Insurance, we specialize in helping individuals and families find the right coverage to fit their needs. With over 20 years of experience, we understand that every situation is different, and our agents work closely with you to find a policy that provides the financial support you need during treatment.

Whether you’re in Greenacres, Tamarac, Boca Raton, or anywhere else from Broward County to the Space Coast, our team is here to guide you through your options and help you secure the right plan.

Let’s take a closer look at how these policies work, how they differ from standard health insurance, and why it might be a valuable addition to your financial protection.

Understanding Cancer Insurance: How It Can Protect You

Cancer insurance is a specialized type of policy designed to help cover the expenses that come with the various treatments for it. Unlike regular health insurance, which focuses on covering general medical care, cancer insurance is specific to cancer diagnoses and treatments. It supplements your existing plan by covering additional costs.

If you are diagnosed with cancer, a cancer insurance policy can provide you with a lump sum of money to use as needed. This can help cover various related expenses, including:

• Medical treatments like chemotherapy, radiation, and surgery.
• Prescription drugs related to cancer treatment.
• Travel and lodging expenses for treatment, if you need to go out of your insurance network area.
• Home healthcare and hospice care.
• Loss of income due to time off work for treatment.
• Childcare and household expenses.

For many patients, the financial burden of cancer treatments adds up quickly and can become a significant financial burden. A cancer insurance policy ensures that you’re not left paying for these expenses out of pocket.

Cancer Care: How to Get the Support You Need

Health insurance covers a wide variety of medical services, including some cancer treatments. However, it typically comes with deductibles, co-pays, and out-of-pocket maximums that can be quite high, especially for cancer treatments. For example, a cancer patient may face significant out-of-pocket costs for chemotherapy, prescription drugs, and hospital stays, even with health insurance in place.

For 2025, the average out-of-pocket maximum for in-network care can be as high as $9,200 for individual coverage and $18,400 for family coverage. This means that even with coverage, cancer patients can still face large bills that are difficult to manage. On top of that, most regular healthcare policies don’t cover non-medical expenses like travel, lodging, or lost income, which is where a specialized policy can help, covering these additional costs.

Cancer Insurance Policy vs. Health Insurance: A Comparison

Dealing with cancer is already a heavy emotional and physical toll, and unfortunately, the financial strain only adds to the challenge. Even if you have insurance, the costs of treatment can quickly spiral out of control.

Regular healthcare coverage for individuals and families will cover a portion of your treatment, but there’s still a lot it doesn’t cover. This is where cancer-specific insurance can step in, providing that extra financial protection when you need it the most. So, how do these two types of coverage compare, and how can they work together to offer you better protection?

Take a Look at This Easy-to-Follow Chart to See How They Compare

Coverage	Health Insurance	Cancer Insurance
Cancer Treatments	Covers a portion of cancer treatment (chemotherapy, surgery, radiation)	Provides lump-sum payments for cancer treatments, including things not covered by health insurance
Non-Medical Costs	Does not cover non-medical expenses (e.g., travel, lodging)	Covers non-medical expenses like travel, lodging, and lost income
Premiums	Monthly premiums can vary depending on your plan	Typically lower premiums with a focus on cancer-related expenses
Out-of-Pocket Costs	Deductibles, co-pays, and coinsurance may apply	Lump-sum cash benefit can help cover out-of-pocket costs
Diagnosis Coverage	Coverage for cancer may vary depending on the plan	Provides a lump sum upon diagnosis, regardless of treatment location

As you can see, this type of coverage is designed to fill in the gaps that standard insurance might leave. While your regular coverage will handle treatments, it offers additional support for the financial burdens that aren’t covered.

Why You Might Need Cancer Insurance

If you live in areas like Tamarac, Greenacres, Melbourne, or Boca Raton, you might already have good coverage, but it’s important to recognize that even with comprehensive health plans, cancer treatments can come with significant out-of-pocket costs. This coverage is especially valuable if:

• You have high deductibles or co-pays.
• You need to travel for specialized treatment that isn’t covered by your insurance.
• You have to take extended time off work during treatment and need financial assistance with everyday expenses.
• Your current plan doesn’t cover some cancer-related costs, such as experimental drugs or outpatient care.

Absolute Best Insurance specializes in providing cancer insurance policies that can help reduce the financial burden on cancer patients.

How Cancer Insurance Can Help You

Cancer insurance policies are designed to cover the costs that your regular insurance might not. It can help with medical expenses like treatments, prescriptions, and hospital stays, but it also covers things like travel, lodging, child care, and even lost income if you’re unable to work.

Think of it as a safety net that works alongside your regular insurance, giving you the financial flexibility to focus on getting better without worrying about unexpected expenses.

Getting the Right Coverage with ABI

Absolute Best Insurance is here to help you find the cancer insurance policy that meets your needs. With over 20 years of experience, our team of agents specializes in crafting personalized insurance solutions to fit your unique situation.

We offer flexible coverage options and guaranteed renewability, so you won’t have to worry about losing your protection, even if your health changes. Our cancer insurance policies are backed by top-rated insurance companies, ensuring you get reliable coverage when you need it most.

Interested in learning more about cancer insurance? Reach out to us at Absolute Best Insurance. We’re ready to help you secure the coverage you need in Greenacres, Tamarac, Boca Raton, and beyond. Click here or give our team a call at (561) 420-0280 for a free, no-obligation quote.