Cancer Insurance from AIP Benefit Plans
Lump-sum cash benefits to help protect your finances when serious illness strikes.
Why Cancer Insurance Matters
Cancer insurance is a valuable supplemental health benefit offered to provide financial support for employees diagnosed with cancer.
Many people assume health insurance will cover everything, but deductibles, copays, and non-medical costs (childcare, transportation, grocery delivery) can add up.
Cancer Insurance from AIP Benefit Plans provides a lump-sum cash benefit to help cover these unexpected expenses.
With AIP Benefit Plans, you gain peace of mind knowing you’re better prepared for life’s unexpected health challenges.
AIPs Cancer insurance policies, Basic and Gold, are designed to reduce the financial burden of cancer treatment and recovery. They provide employees and their families with flexibility and support in managing both medical and personal costs associated with a cancer diagnosis.
What Makes Our Coverage Different
Issue-Age Pricing means your premium is based on your age when you first enroll, and it stays the same as long as you keep your policy active. That’s long-term price protection you can count on – no surprises as you get older.
Note: This coverage policy becomes Attained-Age Rated at age 65.
Key Benefits
• Lump-Sum Payments – Provide a tax-free cash benefit upon diagnosis of a covered cancer type, allowing flexible use of funds.
• Helps Offset Treatment Costs – Chemotherapy, radiation, surgery, hospitalization, medications, and physician visits.
• Non-Medical Expense Support – Can be used for transportation, lodging, childcare, household bills, or income replacement.
• AIPs Wellness Assistance Benefit – Encourages early detection through benefits for routine cancer screenings.
• Guaranteed Renewability – Policies remain active as long as premiums are paid, regardless of employment or health changes.
• Portable Coverage – Employees can retain their coverage after leaving the company.
Key Features
• Group Rates – Employees enjoy lower premiums than individual plans.
• Payroll Deduction – Premiums are conveniently deducted from payroll.
• Simplified Enrollment – Often requires no medical exams for participation.
• Family Coverage – Option to extend coverage to dependents and spouses.
• Complementary Protection – Works alongside primary health insurance by providing direct cash benefits.
What Are the Differences Between BASIC and GOLD Coverages?
AIP Cancer BASIC
Pays based on diagnosis, the elected Benefit Amount, and cash reimbursement for specified Wellbeing Assistance coverages. Invasive Cancer 100% of Face Amount, Non-Invasive Cancer 50% of Face Amount per lifetime, and 50% of Face Amount for covered Spouse and/or covered Dependent Children. Recurrence of Invasive Cancer 25% of Face Amount.
Additional benefit payment includes:
Skin Cancer Initial Diagnosis
$500 per Skin Cancer per body region
$5000 lifetime maximum Maximum of 1 per covered person, per lifetime
AIP Cancer GOLD
Pays similar to BASIC, and reimburses covered individuals for additional amounts incurred during the course of treatment, including:
Skin Cancer Initial Diagnosis
$500 per Skin Cancer per body region
$5000 lifetime maximum Maximum of 1 per covered person, per lifetime
Hospital Confinement
$250 per day up to 10 days per admission
Maximum 2 admissions per year
Ambulance Services
$250 per trip
Maximum 2 trips per year
Anesthesia Services
Local Anesthesia: $25 per procedure
Maximum 5 procedures per year
General Anesthesia: $125 per procedure
WELLBEING ASSISTANCE BENEFIT
AIP Benefit Plans will pay the amounts shown in the table below to help with expenditures like transportation, missed work, and other incidentals, as a result of having one of the routine, covered preventative services. The service must be performed after any waiting period while coverage in in-force.
Waiting Period is the first 30 days following each Covered Person’s Effective Date during which benefits are not payable. AIPs Wellbeing Assistance benefit applies to employees and covered spouses only.
| Covered Services |
Covered Amount ( BASIC* / GOLD*) |
|---|---|
| Gynecological Exam | $50.00 Basic / $100 Gold |
| PCP Wellness Visit | $50.00 Basic / $100 Gold |
| Colorectal Screenings | $100.00 Basic / $150 Gold |
| Breast Cancer Screenings | $100.00 Basic / $150 Gold |
| Full Body skin check at Dermatologist | $100.00 Basic / $150 Gold |
| Prostate Cancer Screening | $100.00 Basic / $150 Gold |
*BASIC – The Wellbeing Assistance Benefit does not cover the services when performed during the diagnostic process or part of the treatment of a medical condition. The annual maximum for covered services is $100. Wellbeing benefit applies to employees and covered spouses only.
**GOLD – The Wellbeing Assistance Benefit does not cover the services when performed during the diagnostic process or part of the treatment of a medical condition. The annual maximum for covered services is $350. Wellbeing benefit applies to employees and covered spouses only.
Your Benefits in Action
With AIP Benefit Plans, the process is designed to be fast, easy, and focused on helping you when it matters most.
1
Start Your Claim
Visit the AIP Benefit Plans member portal.
Review your certificate of insurance and begin your claim.
2
Provide Basic Information
Answer a few short questions about your diagnosis.
Upload required medical documentation.
3
Receive Your Benefit
After approval, you’ll receive a lump-sum payment directly, to use however you choose.
With AIP Benefit Plans, the process is designed to be fast, easy, and focus on helping you when it matters most.
FAX: 877-711-0768
EMAIL: claimsubmission@aipbenefitplans.com