A leading insurance company in the UK has announced this week that it will no longer be selling corporate health plans that include overall cost or time limits for cancer treatment.
In 2005/2006, cancer treatment costs increased considerably, mainly down to the introduction of new medications used to battle cancer. Many insurance companies used benefit caps and time limits in their corporate health plan to limit the financial impact on their client businesses.
Although this helped businesses financially, some patients who were claiming treatment on the corporate health plan could end up reaching their benefit limit at a critical part of their treatment meaning having to pay for the remainder of treatment themselves or changing it altogether.
The new change to these corporate health plans hope to be able to provide the best healthcare possible to employees who are in the middle of such a difficult time during treatment whilst still being able to provide a policy that is still affordable to businesses.
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