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Why You Don't Need Cancer Insurance

Health insurance companies today offer specialty insurance for lots of conditions, such as cancer insurance.

Many people pay extra money each month on top of their regular health insurance payment so they can get special insurance that covers them in case they get cancer.

If you have health insurance, you don't need to buy cancer insurance. Your current health insurance more than likely covers cancer!

Why don't you pay for a specialty insurance that covers heart attacks? Because your normal health insurance covers heart attacks. You shouldn't buy cancer insurance for the same reason. Instead of paying extra every month for insurance you don't need, put that money toward your debt snowball.

What You Need

Keep in mind, you have to have health insurance—you just don't need specialty cancer insurance. Unpaid medical bills are the number one reason people file for bankruptcy, so it's important that you're prepared with all the following:

  • Good health insurance that covers cancer (most do)
  • Long-term disability insurance
  • A fully funded emergency fund

If you don't have health insurance, you need to get on that right now!

 

Next Steps

Here are a few things you can do today to move toward getting the right health insurance in place:

  • Read up on why health insurance is an essential part of a smart financial plan.
  • Go deeper to learn more about how to get health insurance.
  • To choose the right type of health insurance for you and your family, talk to our RamseyTrusted health insurance partner Health Trust Financial. Their independent agents really know their stuff. In fact, they've been serving Ramsey fans for over 20 years. When you work with Health Trust Financial, they'll set you up with the best health insurance quotes and policies for your situation and explain all the insurance jargon to you. Plus, they'll never try to sell you something you don't need. Connect with them now!
Connect With Health Trust Financial

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Ramsey Solutions has been committed to helping people regain control of their money, build wealth, grow their leadership skills, and enhance their lives through personal development since 1992. Millions of people have used our financial advice through 22 books (including 12 national bestsellers) published by Ramsey Press, as well as two syndicated radio shows and 10 podcasts, which have over 17 million weekly listeners. Learn More.

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