According to the American Cancer Society’s web site and their television ads, they are the “Official Sponsor of Birthdays”. When it comes to your health probably some of the most devastating words anyone could ever hear would be “you have cancer”. I can’t even imagine the emotions. I would bet that there are very few Americans that have not been touched by cancer in some way. Whether it’s a parent, sibling, neighbor, friend, aunt, uncle, grandparents, almost all of us know someone who has had to deal with cancer.
Before a portion of health care reform went into effect on September 23, 2010 most Medical Insurance plans had lifetime limits on what they would pay out. Let’s say Uncle Pat got cancer and his Medical Insurance had a limit of $5,000,000. If Uncle Pat’s cancer treatment exceeded $5,000,000 poor Uncle Pat had no more Medical Insurance. That can’t happen anymore. Medical insurance carriers can no longer limit what they will pay out yearly either. If you have a Medical Insurance plan that has dollar limits, I hate to tell you, but you do not have major Medical Insurance.
What some folks have been doing, in order to keep the monthly premiums down on their Medical Insurance, is to purchase a high deductible plan. If you are thinking of getting one of those plans for yourself or your family just be sure you understand how the deductible works on your Medical Insurance plan. Say you have a plan with a $10,000 deductible and then its 80/20 and your 20% has a stop loss of $5,000. If you have a big hospital bill as you would probably have with cancer your share of the expenses would be $15,000 per year. Once you paid your Medical Insurance deductible of $10,000 your Medical Insurance carrier would then start to pay its 80%.
One of the cancer terms that have interested me is Hodgkin and non-Hodgkin lymphoma.
From the American Cancer Society, “ Non-Hodgkin lymphoma (also called non-Hodgkin’s lymphoma, NHL, or just lymphoma) is cancer that starts in cells called lymphocytes, which are part of the body’s immune system. Lymphocytes are in the lymph nodes and other lymphoid tissues (such as the spleen and bone marrow). Other types of cancer (lung or colon cancers, for example), can start in other organs and then spread to lymphoid tissue. But these cancers are not lymphomas. Lymphomas start in the lymphoid tissue and can then spread to other organs.” People who have either one of these cancers will be needing treatment and nothing in the world could be more valuable to them at that time then a good Medical Insurance policy. So they may keep on celebrating those birthdays.