The problem is that consumers misconstrue cancer insurance as an alternative for carrying a regular Illinois medical insurance policy.  On the contrary, these cancer insurance plans are similar to health-savings accounts (HSAs).

So, what is the difference between cancer insurance and an Illinois medical insurance policy?

Cancer insurance policies do not pay for chemotherapy, radiation and other treatment related expenses. Whereas, an Illinois medical insurance policy covers a percentage of these medical expenditures, cancer insurance

How does a cancer insurance policy work?

Just as policyholders remit a monthly premium for Illinois medical insurance, cancer health plans have premiums too. However, if the accountholder receives a cancer diagnosis, the insurance agency remits a payout, which can be applied however the subscriber deems necessary, in example:  

• Mortgage
• Groceries
• Prescribed medication
• Other financial responsibilities (utility bills, credit cards)

If I cannot afford an Illinois medical insurance policy right now, will a cancer insurance policy provide the same benefits and medical safeguards? 

No, cancer insurance plans do not offer comprehensive medical coverage. Rather the policies works as a financial safety net.

If I already have an Illinois medical insurance policy, is a cancer health plan a good supplemental policy?

In terms of ensuring comprehensive medical care, it’s better to allocate additional premiums to an Illinois medical insurance policy that actually has more inclusions. And if you want to set aside an emergency medical fund,  find a health savings account to stockpile your funds.

If you have additional questions about cancer insurance versus buying an individual Illinois medical policy, contact IllinoisLifeandHealth at 866.522.5953.

In 2008, when the unemployment rate was between 4.8 and 7.2 percent, revised data shows that 46.3 million people were without health insurance. Today, the unemployment rate is at 10.7 percent, suggesting that a minimum of 50 million Americans are without insurance.

Fact: The Obama Health Reform Plan is two to three’s year from finalization.

Some insurance analysts theorize that with the impending uncertainties of the proposed “socialized,” health plans effect on quality care, uninsured Americans may use the opportunity to obtain health insurance qoutes, while they still have the autonomy to make their own medical decisions.

“Despite the bleak health care outlook, affordable Illinois health insurance quotes are viable,” says Mike Novelli of Illinois Life and Health.com. Economical options come with obtaining several Illinois health insurance quotes, and comparing various plans:

 Preferred provider organization
 Health maintenance organization
 Fee-for-service

Obtaining affordable Illinois health insurance quotes exceeds finding a low monthly premium. By comparing which health expenses are covered to their personal medical necessities, consumers can avoid opting for the wrong plan. Mr. Novelli recommends determining if a higher deductible is conducive for the household budget and to review, which medical services are excluded expenses toward the deductible.

In the long run, the best weapon for obtaining affordable Illinois health insurance quotes starts with consulting a licensed insurance agent, who can help you find medical coverage that accommodates your personal health circumstances.

For professional advice, click on “Illinois health insurance ”