Financial Help for Cancer Patients is Here

Learn about financial help for cancer patients, life insurance loans, borrowing against your life insurance death benefit, viatical settlements, and many other topics. Life Credit Company thrives on being your resource when it comes to financial help for cancer patients.

Planning for Chemotherapy Treatments

Chemotherapy is a common treatment for cancer that sets many patients back on the road to recovery. However, starting chemo can throw a patient’s life into a bit of disarray, as he or she needs to adjust to new schedules, unpleasant side effects, and stressful financial obligations. Having a cancer care plan in place can help patients to face those challenges head-on. Assemble Your Team One of the first steps to consider is selecting an oncologist and a cancer care team. Research extensively and meet in person with the doctors to ensure a good fit. Next, compile questions to ask your oncologist, such as expected timeframes, the ins and out of the chemotherapy process and the cost of chemotherapy. From there, patients and their families can begin to prepare themselves and their lives for this new chapter. Prepare for Side Effects One of the questions for the oncologist should be, what are the side effects of chemotherapy? The treatment affects all patients differently, but common side effects include extreme fatigue, nausea, vomiting, hair loss, appetite changes, anemia, and others. Learn about what may be coming down the pike before ever starting treatment so you feel prepared both physically and mentally. Knowing the potential side effects of chemotherapy can also help patients to curb some of them. Meal planning or chemotherapy patients, for instance, can help patients lessen some of the treatment effects while promoting good nutrition. Several small meals per day, instead of a few large ones, can minimize nausea while ensuring patients are fortifying their systems. Get Help with Finances The cost of chemotherapy is another potential complication... read more

Use FMLA to Care for a Parent with Cancer

While the challenges facing cancer patients are vast, the obstacles their caretakers struggle with are often just as daunting. If a parent falls ill, chances are his or her adult child is still of working age and may need to juggle work schedules, family obligations and financial commitments with care-taking. Using FMLA to care for a parent with cancer is one way some Americans try to close those gaps. What is FMLA? The Family and Medical Leave Act is designed to help employees manage the realities of balancing work and family. Passed in 1993, the federal law allows workers of certain employers to take a leave of absence from their job if they or a family member is facing a medical crisis such as cancer, or for other significant life events, such as the birth or adoption of a child. While the law does not mandate that employers pay workers during their leave, it does guarantee that their job or an equivalent one will still be available upon their return and that the employer continues the worker’s same healthcare coverage. How Can I Use FMLA to Care for a Parent with Cancer? The first step to using FMLA to care for a parent with cancer or another pressing emergency is to talk to your employer. FMLA applies to all public agencies, such as local and state governments and schools, as well as private employers with at least 50 or more workers. Smaller employers can offer FMLA but are not bound by law to do so. Employees also need to meet certain requirements. They must have worked for the employer... read more

Emergency Financial Help For Cancer Patients    

While every cancer diagnosis is unique, most share the common factor of the news being sudden and unexpected. As such, few people have any sort of contingency plan for handling such a medical crisis. Their daily routines, work schedules and especially finances are often thrown into disarray, meaning they and their loved ones need to quickly figure out some stopgap measures to ease the stress and help them focus on getting better. While family and friends may dive in to help with daily responsibilities, emergency financial aid for cancer patients is also available to address the monetary aspect of a cancer crisis. One of the first sources of financial aid for cancer patients can often be found at healthcare facilities, which usually are able to connect patients with a financial consultant. Such an individual will be able to offer insight into relevant programs and policies to help patients navigate the complex world of cancer costs. However, patients should be cautious about the advice offered by hospital-employed financial advisors, as they do have the organization’s own interests in mind, as well as those of the patient. Finding one’s own financial aid for cancer patients is another avenue. One way to access emergency funds is through a patient’s own resources, such as life insurance. Some insurance companies allow holders to borrow against the value of the policy; however, such arrangements typically only involve whole life insurance and may require a pre-written rider to enable such circumstances. Alternately, programs such as Life Credit’s Living Benefits Loans allow life insurance holders with at least $75,000 in their policies to receive up to half of their death benefit and then repay that loan and regain control... read more

Top Financial Assistance Resources for Cancer Patients

Financial assistance is most often associated with college tuition, but it’s also available for another very costly time in one’s life: a cancer diagnosis. From life insurance loans for cancer patients to initiatives that help patients with everyday expenses, there are a number of programs available to alleviate the financial burden that most cancer patients face. Here are a few of the options cancer patients can consider when looking to get their finances on the right track—so their health can follow: · Cancer Financial Assistance Coalition: If you’re looking for a broad overview of the different options available, Cancer Financial Assistance Coalition’s website provides ample information. Users can sort through programs for people with varying needs, from meal-delivery services to wish-fulfillment initiatives. Life insurance loans for cancer patients: Not all life insurance policies allow holders to draw on their value; policies usually must meet certain requirements, and patients often have to have a terminal prognosis. Instead, Life Credit’s Living Benefit Loans program allows policyholders with at least $75,000 in any type of life insurance to borrow up to 50 percent of the policy’s death benefit, which is often released in just days and can be used to cover a range of costs. Life Credit Company provides Living Benefit Loans to those who need it. Follow Life Credit’s simple 3 step process to financial assistance for cancer patients. Local-level programs: While many large national agencies offer resources, there are also local efforts across the country. The American Cancer Society and United Way, for instance, each enable patients to search for individualized services tailored to their geographic locations. Condition-based efforts: People... read more

How to Manage the Cost of Treating Prostate Cancer

An early diagnosis and expert treatment are both keys to recovering from prostate cancer. Another often overlooked element of this journey is financial help for prostate cancer patients, which can assist them in receiving proper care and reducing stress—which can take a toll on one’s mental and physical health. Prostate cancer is a very survivable disease, but intervention usually involves surgery or even a series of surgeries combined with other therapies like radiation treatment. Costs vary widely and often depend on insurance and diagnosis, but a recent study by the University of California San Francisco found that one surgery for low-risk prostate cancer can cost more than $19,000, with a high-risk treatment averaging around $50,000. So, what financial help for prostate cancer patients is available? There are a number of options, such as the American Cancer Society’s wide-ranging resources for patients with varying types of cancer, including prostate. Cancer Care also offers individual condition-based financial resources, along with counseling and other assistance programs. There are also options for patients to access their own resources, such as through Life Credit’s Living Benefit Loans program. Patients with at least $75,000 in life insurance are eligible to receive up to half of their policy’s death benefit, which can be used as financial help for prostate cancer and those with other conditions. Borrowing against their own life insurance enables patients to access funds into which they’ve already paid quickly and easily, and to regain full ownership of the policy once the loan is repaid. Financial help for prostate cancer can be a significant contributor to one’s future health, as patients—even those who are... read more

Programs and Resources to Help with Cancer Related Expenses

Cancer is a costly condition, one that puts patients at significant risk for financial burden, and even bankruptcy. When patients are facing a serious medical threat, they need all of their attention focused on their health, not their finances, yet the unfortunate reality is that many patients’ are caught between the two. However, research has shown that when patients can alleviate some of their financial stress, it benefits both their physical and mental health—and sets them up for a greater chance of success on the path to recovery. That’s why free resources for cancer patients are so vital. There are a number of areas where patients can access both information and financial assistance. Here are a few places that offer free resources for cancer patients: Government Agencies Patients may be eligible for financial-assistance programs through the federal government. Many such initiatives only apply to those from low-income households or over certain ages, but patients of all backgrounds should check eligibility requirements regardless. For instance, Centers for Medicare & Medicaid Services can provide vital free resources for cancer patients to help them close the financial gap that could make the difference in their health. Cancer Nonprofits One of the primary ways patients access both information about and funding for their care is through nonprofit organizations. The American Cancer Society is a nationally known agency with a range of programs to help patients pay for treatment. It also operates chapters throughout the country that provide local-level resources about everything from free transportation services to financial consultants. Healthcare Agencies Many organizations with a healthcare focus devote a segment of their work to... read more