We understand one important reality of business, in that from
time-to-time a insurance company can introduce new products as a defense
reaction to competition. The PORAC sponsorship of insurance
plans, comes from an ongoing analysis of plans and companies with
leadership position within the insurance community.
In 1978
when PORAC began sponsoring the Cancer Expense Insurance plan
underwritten by AFLAC, few people knew who or
what cancer coverage was, let alone who AFLAC was, except the
policyholders, who in those days were receiving about 1 million dollars
a week in claims benefits (today AFLAC pays, on average, over 1.6
million dollars in claims daily to their claimants).
Consider
These Facts . . .
According
to the American Cancer Society's, Cancer Facts & Figures, 1995
Current
trends indicate approximately 1,252,000 new cancer cases will be
diagnosed.
About
one in every three Americans (about85 million) now living will
eventually have cancer.
100,000
more lives could be saved each year with early detection and
treatment.
The
overall costs for cancer were estimated to be $104 Billion; $35
billion was for medical expenses, but nearly twice this amount, $69
billion, was for indirect costs.
DIRECT
COSTS
Medical
Expense: Usually, the major portion of cancer medical expense is paid
by the health insurance offered by your employer or your individual
health plan. As health insurance costs increase, co-payments and
deductibles often rise as well.
INDIRECT
COSTS
Loss Of
Earning Power: Earning power can be lost for both husband and wife, if
the healthy one is forced to leave work to care for the one who is
ill.
Out-Of-Pocket
Expenses: These expenses include medical bills not covered by
insurance; normal household expenses (rent, food, utilities, car
payments, etc.); and the often overlooked indirect non-medical
expenses brought on by serious illness such as travel, food, extra
household help, special equipment and child care.
The
Solution
Cancer
Expense Protection - Even if you have excellent health insurance, it
probably will not cover 100% of the medical costs of cancer, and most
health coverage's, including ours, do not pay specifically for
non-medical expenses. However, our plans are supplemental and pay
regardless of any other insurance you may have. The benefits are paid
directly to you, unless assigned, so you can use them where you need
them most.
For
detailed plan information, please contact the PORAC Customer Service
Representative at:
Anna Reed
cell
909-917-2801
office
888-712-3522
PORAC
Insurance and Benefits Program
4010 Truxel Road, Sacramento, California 95834-3725
Phone: 1-800-937-6722
E-mail:
