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What is Voluntary Cancer Insurance?

doctor with mother and daughter covered by voluntary cancer insurance

Over 1.6 million Americans will be diagnosed with cancer in this year1 and most of them will not have voluntary cancer insurance – or what is often referred to as supplemental cancer insurance. That’s unfortunate, because with their diagnosis comes some financially troubling news.

To offset rising health care costs, today's employers are struggling to find solutions that keep costs down while still offering the best possible coverage to their workforce. Many companies are forced to ask their employees to assume more of the cost of their health insurance.

  • The average out-of-pocket cost for patients with cancer is estimated to be more than $1,200 a month.2
  • And when you consider that the average American has less than $6,0003 in savings, you can see – without cancer insurance, it doesn't take long to put a family in serious financial debt.

So what is cancer insurance? Extra income during a difficult time

A cancer diagnosis for one of your employees can bring many unexpected costs. He or she may suddenly be unable to work, need to receive care giving, or obtain support with treatments. Cancer insurance can help them pay for many expenses, ultimately helping protect their savings and keep them out of debt.

For employers, it’s an affordable solution

Cancer insurance, sometimes referred to as supplemental cancer insurance, is an important benefit you can offer your employees to enhance your benefit package and help employees protect themselves from the copays, deductibles and other expenses that come with fighting a cancer diagnosis.

One of the features that make voluntary cancer insurance a good choice for your benefits package is its affordable cost.

It can help you attract and retain employees

Did you know that adding voluntary cancer insurance to your benefits package can help your company attract and retain qualified employees? Three quarters of all workers surveyed say the benefit package offered by a prospective employer is an important factor in their deciding whether they'll accept a job. And most workers see voluntary benefits (such group cancer insurance) as a strong advantage.4

How does cancer insurance work?

Because every business has different needs, you have a choice of three Guardian Cancer Insurance plans to offer your employees: Value, Advantage, and Premier. Depending on the plan you offer and the options you choose, cancer insurance can provide lump sum payments for:

  • Screenings. Early detection is a key factor when it comes to winning the fight against cancer. This optional feature pays benefits for screenings such as colonoscopies and mammograms.
  • Initial diagnosis. This benefit provides an amount for the initial diagnosis of cancer.
  • Procedures. Such as medical imaging, reproductive benefits, reconstructive surgery, surgery, second surgical opinion.
  • Treatments. Such as alternative treatment, anti-nausea medication, blood/plasma/platelets, bone marrow and stem cells, chemotherapy, experimental treatment, hormone therapy, immunotherapy, radiation therapy, physical and speech therapy, prosthetic devices.
  • Care. Attending doctor, extended care facility/skilled nursing care, government or charity hospital stay, home health care, hospice, hospital confinement, inpatient special nursing, intensive care, outpatient or ambulatory surgical center.
  • Travel/Lodging. Air ambulance, ambulance, family member lodging, outpatient lodging, transportation/companion transportation.

Payments are made to the employee, regardless of medical insurance, which they can use for any purpose.

What kinds of cancer does cancer insurance cover?

While benefit amounts and coverages vary between plans, cancer insurance plans cover most cancers, including:

  • Ovarian cancer
  • Breast cancer
  • Colon cancer
  • Leukemia
  • Kidney cancer
  • Lung cancer
  • Skin cancer
  • Head and neck cancers
  • Brain tumors

Benefits are paid directly to the insured to be used any way they choose

Lump-sum payments are made on top of any other coverage and can be used any way the insured employee wishes – easing their financial burden while they fight to recover.

Medical expenses:

  • Medical copays and deductibles
  • Out-of-network care
  • Experimental treatment
  • Private nursing costs
  • Travel to and from medical center

Everyday expenses:

  • Mortgage/rent
  • Utilities
  • Household debt
  • Groceries
  • Childcare

We’ll help you introduce the plan and get your employees signed up

We deliver robust and effective enrollment communications, education and decision support tools that maximize employee awareness and engagement - from administrative tools to multi-channel enrollment communications. 

Plus, we can implement a customized online enrollment and service solution, or seamlessly integrate with existing systems and processes in place.

Contact your Broker to learn more about Guardian Cancer Insurance


Why Offer Guardian Cancer Insurance?
What is Voluntary Cancer Insurance?
What Does a Cancer Insurance Policy Cover?
Cancer? No Insurance? It Gets Costly
Cancer Insurance Rates Explained

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