COLONIAL SUPPLEMENTAL INSURANCE has made it easier for employees to be approved for voluntary cancer coverage by reducing the time an applicant must be cancer free to be eligible.
"With innovations in cancer treatment dramatically improving cancer survival rates, requiring applicants to be cancer free for five years is reasonable for most types of cancer," says Monica Francis, assistant vice president of product marketing for Colonial. Colonial previously required applicants to be cancer free for 10 years. "Early detection and prompt treatment are keys to cancer recovery and survival, and our product includes the popular wellness benefit that encourages cancer screening and early detection."
Colonial's cancer product can help employees pay for cancer treatment costs not fully covered by health insurance and non-medical costs associated with cancer, such as transportation to a treatment center. In addition, when employers offer reduced major medical coverage for out-ofnetwork care, Colonial's cancer product can help fill financial gaps when employees choose to go out of network.
Many employers are increasing health insurance deductibles or reducing benefits to combat health care inflation, but by adding Colonial's cancer product to their benefits program, employers can provide needed coverage
choices for employees at no direct cost to their company.
Sold to employees at the worksite, Colonial's voluntary cancer product pays benefits directly to the policyholder when an insured is diagnosed with cancer or receives cancer treatment. The product pays lump-sum benefits if a policyholder has certain treatments or procedures as a result of cancer, such as:
- Inpatient hospital confinement, ambulance, private full-time nursing services
- Radiation-chemotherapy, anti-nausea medication, blood/plasma/platelets/immunoglobulins, experimental treatment, supportive or protective care drugs and colony stimulating factors, hair, prosthesis/external breast/voice box prosthesis, medical imaging studies, bone marrow and peripheral stem cell transplants
- Transportation to and lodging near a treatment facility, including companion transportation
- Surgical procedures, anesthesia, second medical opinion, reconstructive surgery, prosthesis/artificial limb, outpatient surgical center
- Skilled nursing care facility, family care, hospice or home health care services
Colonial's voluntary cancer product offers four benefits levels, plus coverage through optional riders that are available at an additional cost: Specified Disease Hospital Confinement, Initial Diagnosis of Cancer and
Progressive Payment. The product is available for sale in 47 states and Washington.
For more information, visit www.coloniallife.com
