Specific Disease or Accident Policy

This type of policy covers expenses associated with specific diseases or injuries, such as cancer. It may not restrict coverage to Medicare approved expenses and premiums tend to be inexpensive.

However, this type of policy only pays in the event of a specific disease or accident. If you have a cancer policy, but contract diabetes, the policy will not help. Some of these plans do not keep up with inflation. They also may limit total amount of coverage.