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Why You Don't Need Cancer Insurance

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!

Ramsey Solutions

About the author

Ramsey Solutions

Ramsey Solutions has been committed to helping people regain control of their money, build wealth, grow their leadership skills, and enhance their lives through personal development since 1992. Millions of people have used our financial advice through 22 books (including 12 national bestsellers) published by Ramsey Press, as well as two syndicated radio shows and 10 podcasts, which have over 17 million weekly listeners.

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Do You Have the Right Coverage?  

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