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As with all types of insurance, it is a personal choice based on evaluation of the risks and benefits.
Cancer insurance is coverage for treatment specifically related to cancer and is not a substitute for comprehensive coverage. Some of the large, non-medical expenses that cancer patients often face include home care, transportation and rehabilitation, all of which are not usually covered by cancer insurance. Cancer insurance may not cover cancer-related illnesses such as infection, diabetes or pneumonia. Some policies require waiting periods of 30 days or even several months before you are covered, while others stop paying benefits after a fixed period of two or three years. You might want to consider a major medical policy if you and your family are not protected against catastrophic medical costs. These policies may pay a large percentage of your covered costs after a deductible is paid. Review your insurance policy to determine your specific needs before purchasing additional cancer insurance or a major medical policy.