Why You Don't Need Cancer Insurance

Don't get stuck paying for extra insurance that you don't need

from daveramsey.com on 03 Aug 2009
 

Health insurance companies today offer specialty insurance for many conditions, such as cancer insurance.

Many people pay extra money each month, on top of their regular health insurance payment, so they can get special insurance that covers them in case they get cancer.

If you have health insurance, you don't need to buy cancer insurance. Your current health insurance more than likely covers cancer!

Why don't you pay for a specialty insurance that covers heart attacks? Because your normal health insurance covers heart attacks. You shouldn't buy cancer insurance for the same reason. Instead of paying extra every month for insurance you don't need, use that money toward your debt snowball.

What You Need

Keep in mind, you must have health insurance; you just don't need specialty cancer insurance. Unpaid medical bills are the number one reason people file for bankruptcy, so it's important that you are prepared.

  • Good health insurance that covers cancer (most do)
  • Long-term disability insurance
  • A fully funded emergency fund

If you don't have health insurance, you must get it right now! One of our Endorsed Local Providers will set you up with the best insurance for your situation, explain all of the insurance jargon to you, and not try to sell you something you don't need. Connect with one now!

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