Years ago, after listening to Dave Ramsey say that cancer insurance is a gimmick and isn’t needed if you have good health insurance, I agreed. But then my sister-in-law developed cancer and had previously purchased cancer insurance after her mother and sisters were diagnosed with cancer. It really helped them with extra expenses not covered by regular health insurance. I was finally able to talk my husband into allowing us to purchase cancer insurance in 2006 after his father died of cancer and his sister had been diagnosed with breast cancer. It was one of the wisest decisions we made.
You don’t truly understand the financial impact of cancer until it strikes your own home.