Why You Don't Need Cancer Insurance
Health insurance companies today offer specialty insurance for many conditions, such as cancer insurance.
I've had many listeners and readers tell me that they pay extra money every month, on top of their regular health insurance payment, so they can get special insurance that covers them in case they get cancer.
Why would you do that?
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 DO 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.Make sure you have:
- 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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