Cancer insurance is an insurance policy that pays a lump sum of money if the policyholder is diagnosed with cancer.

• These plans have payouts that typically range from $5,000 to $200,000 (plans with higher payouts have higher premiums).
• The money from the cancer insurance policy can be used to cover out-of-pocket costs under the major medical plan, as well as other expenses that arise during cancer treatment, like lost wages and the cost of traveling to treatment facilities, even experimental treatments or a 2nd opinion.

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