According to the American Cancer Society, Medicare pays for nearly half of the $74 billion spent on cancer treatment per year. Though an important benefit, many are unaware or confused about coverage and what their Medicare plan actually covers. Boomer Benefits helps to breakdown the benefits of Medicare particularly useful for cancer patients.

Facing cancer can be an overwhelming task, both emotionally and financially. However, understanding insurance coverage can ease some of the burden and stress. Medicare cancer benefits include inpatient hospital cancer care, cancer-related surgeries, visits to oncologists, and chemotherapy, to name a few. Coverage can depend on whether the medical service falls under Part A or Part B, and there are various potential cost-sharing on the two types of coverage. There is also the Medicare Advantage plans, in addition to Part A and Part B.

To better understand how your Medicare plan can cover your cancer treatment, what your options for coverage are, and what steps you need to take to ensure you are utilizing your plan appropriately, click here.