Cancer, Heart Attack and Stroke
Lump-Sum Protection When It Matters Most
A major health event like cancer, a heart attack, or a stroke can change everything in an instant. Medically, emotionally, and financially. While Medicare helps with treatment, it doesn’t cover the non-medical costs that come with recovery: things like lost income, travel for care, specialized equipment, or help around the house.
That’s where CHAS coverage comes in.
CHAS (short for Cancer, Heart Attack, and Stroke) is a type of critical illness insurance that pays you a one-time, tax-free cash benefit if you’re diagnosed with one of the three covered conditions. You can use that money however you need. No restrictions, no reimbursement process.
It’s a simple, affordable way to protect your financial stability during a high-stress medical event, and it works alongside your Medicare coverage without interfering with it.
How CHAS Benefits Are Used
Flexible Cash Support, When You Need It Most
One of the biggest advantages of CHAS coverage is flexibility. When you’re facing a major diagnosis like cancer, a heart attack, or a stroke, your priorities may shift, and so do your expenses.
Unlike traditional health insurance, CHAS pays you directly, and you can use that money however you choose. There are no receipts, no claims process, and no network limitations. It’s financial breathing room during one of life’s most stressful moments.
Covering lost income during recovery
Paying for travel and lodging to reach specialized treatment centers
Hiring in-home care or temporary help around the house
Covering high deductibles or out-of-pocket medical costs
Supporting a spouse or caregiver who needs time off work
Managing everyday bills and household expenses while focusing on recovery
The goal isn’t just to survive the diagnosis. It’s to have the resources to recover with dignity, stability, and choice.
Coverage Amounts & Affordability
CHAS plans are structured to be simple, flexible, and affordable. When you enroll, you choose your benefit amount based on how much financial protection you want, typically ranging from $5,000 to $50,000 or more. If you're diagnosed with cancer, a heart attack, or a stroke, the plan pays out that amount in a single, tax-free lump sum, giving you full control over how the money is used.
Premiums are typically low, especially for individuals enrolling at younger ages or choosing modest coverage amounts. Many plans start as low as $15 to $40 per month, depending on your age, benefit level, and a brief health screening. For the cost of a few takeout meals a month, you can put a serious financial safeguard in place. One that gives you options, control, and peace of mind during a crisis.
CHAS isn't designed to replace your health insurance, it’s there to fill the financial gap left behind when a major diagnosis disrupts everything else.
Who Is CHAS Right For?
CHAS coverage isn’t just for people who’ve already had health scares. It’s designed for anyone who wants to be prepared for the unexpected, and protect their finances from the ripple effects that come with a major diagnosis. If you're nearing retirement, living on a fixed income, or simply want to avoid draining your savings in the event of a crisis, CHAS can offer valuable peace of mind.
It’s especially relevant for individuals with a family history of cancer, heart disease, or stroke, but it’s also a smart move for healthy adults who understand that Medicare alone doesn’t cover everything. Recovery often brings costs that have nothing to do with hospital bills, and this kind of policy gives you the flexibility to handle those challenges on your terms.
At the end of the day, CHAS is right for anyone who values financial control, fast access to support, and the ability to focus on healing, not on money.
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© 2025 Platinum Shield Insurance. All rights reserved. As a national Medicare brokerage, we work with multiple carriers to provide comprehensive plan options. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options. This is not a complete listing of plans available in your service area. For a complete listing please contact 1-800-MEDICARE (TTY users should call 1-877-486-2048), 24 hours a day/7 days a week or consult www.medicare.gov.