I am 62. Woman. Have Medicare which I lose in June. Have United healthcare from previous employment. Am I allowed to buy separate Cancer Insurance?
Total Comments: 9
Posted: Tue Aug 03, 2010 07:43 am Post Subject:
Am I allowed to buy separate Cancer Insurance?
Do you wish to know if your state laws allow you to have cancer insurance in place? Or is it that you wish to know if there's any possibility for you to get covered under cancer insurance?
Posted: Tue Aug 03, 2010 11:35 am Post Subject: insurance
I have 'clients' who are trying to get additional coverage, concerning Health, Life, etc. It's difficult for those who have Pre-Existing conditions (Cancer, etc.). They would fall into a 'high risk' catagory, type thing. I don't know any company that would sell Cancer Insurance. Maybe one of the Experts know.
Posted: Tue Aug 03, 2010 01:51 pm Post Subject:
Well, it's truly gonnabe a challenge for those who have such pre-existing conditions. But, I'm not sure if the OP wants to opt for it as a means of precaution, or if she's suffering from it. There's also a chance that the OP is thinking of getting covered against a possibility that the disease might reoccur after she got cured. So you see, we have quite a few possibilities over here.
Posted: Tue Aug 03, 2010 02:09 pm Post Subject:
What type of cancer are you referring to? Are you pointing at Breast Cancer?
Yes, it's important to know the stage that you're going through.
Posted: Tue Aug 03, 2010 04:33 pm Post Subject:
I am 62. Woman. Have Medicare which I lose in June. Have United healthcare from previous employment. According to rules for the purchase of insurance, am I allowed to buy separate Cancer Insurance ?
I don't have cancer and never did. I thought it might be prudent to purchase a policy since 1of every 2 men get cancer and 1 of every 3 women get cancer,
Posted: Wed Aug 04, 2010 07:30 am Post Subject:
I am 62 . . . Have Medicare which I lose in June.
Unless you have been receiving Social Security Disability for at least 24 consecutive months (or have End Stage Renal Disease or ALS), you could not have Medicare at age 62.
If you have the money, and an insurance company approves your application, you may have any kind of insurance for which you qualify.
1of every 2 men get cancer and 1 of every 3 women get cancer,
I have no idea where you got wrong information such as this.
Posted: Wed Aug 04, 2010 10:47 am Post Subject: insurance
OP...the way you were talking, I thought you ALREADY had Cancer. ..that's why I had commented on the 'Pre-Existing' thing. MAX..how old does someone have to be to receive Medicare (working with the Elderly, my 'clients' have it..of course. I just don't know the 'beginning' age).
Posted: Wed Aug 04, 2010 04:43 pm Post Subject:
Wendy . . .
Medicare normally begins for eligible persons at age 65. To be eligible, one simply needs to be an American citizen or "national" (legal resident alien). For Medicare Part A to be received "premium-free" the eligible person or their spouse must be "fully insured" at or before age 65 (40 credits toward Social Security or Railroad Retirement -- for most folks, that means 10 years of work at the maximum of 4 credits per year).
Persons who qualify but have not obtained the required credits to be fully insured at age 65 will pay a premium for Part A (the premium is lower for persons with 30-39 credits, but a person age 65 with 0 credits can still pay the maximum Part A premium and will be covered). Part A covers most expenses while hospitalized other than physicians and surgeons.
Everyone pays a premium for Medicare Part B (physicians, surgeons, outpatient hospital expenses, and "indexed" for inflation), but since 2007, the premium has also been based on one's AGI in the tax year two years prior -- the highest premium is more than 3 times the lowest. There are now five possible monthly premiums for Medicare Part B! And this doesn't include the 10% per year premium penalty a person could pay for not enrolling in Medicare Part B at age 65 (the only exemption is to persons still working at/after age 65 and covered by an employer-sponsored plan).
All of this information (and more) is published annually in the booklet Medicare & You 20xx which is normally mailed to all current Medicare beneficiaries when published in late September or early October of each year. It can also be downloaded as a PDF from www.medicare.gov
Posted: Thu Aug 05, 2010 02:31 am Post Subject:
The answer is yes you can buy Cancer Insurance. The question is why would you limit it to just Cancer?
You could buy a Critical Illness Insurance policy and cover Cancer as well as other major health problems.
Alternatively you could look for Long Term Care insurance and cover the costs associated with needing living assistance from failing health as you age.
LTCi is the most expensive option, CI perhaps a good compromise. You either need to pursue a lot more information yourself, or provide a lot more facts for us.
Ultimately, Cancer insurance on it's own, not really a great thing.
Posted: Tue Aug 03, 2010 07:43 am Post Subject:
Am I allowed to buy separate Cancer Insurance?
Do you wish to know if your state laws allow you to have cancer insurance in place? Or is it that you wish to know if there's any possibility for you to get covered under cancer insurance?Posted: Tue Aug 03, 2010 11:35 am Post Subject: insurance
I have 'clients' who are trying to get additional coverage, concerning Health, Life, etc. It's difficult for those who have Pre-Existing conditions (Cancer, etc.). They would fall into a 'high risk' catagory, type thing. I don't know any company that would sell Cancer Insurance. Maybe one of the Experts know.
Posted: Tue Aug 03, 2010 01:51 pm Post Subject:
Well, it's truly gonnabe a challenge for those who have such pre-existing conditions. But, I'm not sure if the OP wants to opt for it as a means of precaution, or if she's suffering from it. There's also a chance that the OP is thinking of getting covered against a possibility that the disease might reoccur after she got cured. So you see, we have quite a few possibilities over here.
Posted: Tue Aug 03, 2010 02:09 pm Post Subject:
What type of cancer are you referring to? Are you pointing at Breast Cancer?
Yes, it's important to know the stage that you're going through.
Posted: Tue Aug 03, 2010 04:33 pm Post Subject:
I am 62. Woman. Have Medicare which I lose in June. Have United healthcare from previous employment. According to rules for the purchase of insurance, am I allowed to buy separate Cancer Insurance ?
I don't have cancer and never did. I thought it might be prudent to purchase a policy since 1of every 2 men get cancer and 1 of every 3 women get cancer,
Posted: Wed Aug 04, 2010 07:30 am Post Subject:
I am 62 . . . Have Medicare which I lose in June.
Unless you have been receiving Social Security Disability for at least 24 consecutive months (or have End Stage Renal Disease or ALS), you could not have Medicare at age 62.
If you have the money, and an insurance company approves your application, you may have any kind of insurance for which you qualify.
1of every 2 men get cancer and 1 of every 3 women get cancer,
I have no idea where you got wrong information such as this.
Posted: Wed Aug 04, 2010 10:47 am Post Subject: insurance
OP...the way you were talking, I thought you ALREADY had Cancer. ..that's why I had commented on the 'Pre-Existing' thing. MAX..how old does someone have to be to receive Medicare (working with the Elderly, my 'clients' have it..of course. I just don't know the 'beginning' age).
Posted: Wed Aug 04, 2010 04:43 pm Post Subject:
Wendy . . .
Medicare normally begins for eligible persons at age 65. To be eligible, one simply needs to be an American citizen or "national" (legal resident alien). For Medicare Part A to be received "premium-free" the eligible person or their spouse must be "fully insured" at or before age 65 (40 credits toward Social Security or Railroad Retirement -- for most folks, that means 10 years of work at the maximum of 4 credits per year).
Persons who qualify but have not obtained the required credits to be fully insured at age 65 will pay a premium for Part A (the premium is lower for persons with 30-39 credits, but a person age 65 with 0 credits can still pay the maximum Part A premium and will be covered). Part A covers most expenses while hospitalized other than physicians and surgeons.
Everyone pays a premium for Medicare Part B (physicians, surgeons, outpatient hospital expenses, and "indexed" for inflation), but since 2007, the premium has also been based on one's AGI in the tax year two years prior -- the highest premium is more than 3 times the lowest. There are now five possible monthly premiums for Medicare Part B! And this doesn't include the 10% per year premium penalty a person could pay for not enrolling in Medicare Part B at age 65 (the only exemption is to persons still working at/after age 65 and covered by an employer-sponsored plan).
All of this information (and more) is published annually in the booklet Medicare & You 20xx which is normally mailed to all current Medicare beneficiaries when published in late September or early October of each year. It can also be downloaded as a PDF from www.medicare.gov
Posted: Thu Aug 05, 2010 02:31 am Post Subject:
The answer is yes you can buy Cancer Insurance. The question is why would you limit it to just Cancer?
You could buy a Critical Illness Insurance policy and cover Cancer as well as other major health problems.
Alternatively you could look for Long Term Care insurance and cover the costs associated with needing living assistance from failing health as you age.
LTCi is the most expensive option, CI perhaps a good compromise. You either need to pursue a lot more information yourself, or provide a lot more facts for us.
Ultimately, Cancer insurance on it's own, not really a great thing.
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