Sun Life Financial adds cancer coverage

By a News Reporter-Staff News Editor at Insurance Weekly News -- Sun Life Financial has added a cancer plan to its benefits offering in the U.S. that gives patients support for screenings, treatments, recovery needs and everyday expenses. Benefits are paid directly to the member and can be spent any way they choose, including household needs like groceries or bills, or out-of-pocket medical expenses like copays for health insurance.

According to a recent study from Duke University, cancer patients spend 11 percent of their household income on their cancer treatments and care - and those spending more than 10 percent are considered "underinsured." A cancer plan, considered a "voluntary" benefit, fills the financial gaps from health insurance as it pays a pre-set amount to the member regardless of the treatment path.

Keywords for this news article include: Cancer, Business, Oncology, Health Insurance, Health and Medicine, Investment and Finance, Sun Life Financial Inc.

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