Sun Life Financial, a provider of insurance, wealth and asset management solutions, has added cancer coverage to its benefits proposition in the US.
The new coverage lends support to patients during screenings, treatments, recovery needs as well as everyday expenses.
In this context, Sun Life Financial cited a study from Duke University that found cancer patients spending 11% of their household income on their cancer treatments and care.
Sun Life Financial US vice president of voluntary benefits Joi Tillman said: “Sun Life’s claims research has shown that costs associated with a cancer diagnosis can be very high, whether it’s for treatment, surgeries or other forms of care.
“On top of that, patients have expenses like transportation, rent or child care that can pile up while they are getting treatment. Cancer coverage offers financial protection during a difficult health event, and we are pleased that our employer clients can offer this protection to their employees along with the rest of Sun Life’s comprehensive benefits and services.”
The integrated benefits portfolio of Sun Life Financial also offers life, dental, vision, disability, critical illness and accident insurance.
The new cancer coverage will be available in all 50 US states, with enrolment expected to begin in December this year.