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.

How to Support Employees with Cancer

While it’s common for family, friends and loved ones to step up and lend a helping hand when a person is battling cancer, there’s another area where assistance may be just as vital, but perhaps less available: at the office. Workplace support for employees with cancer can come in many forms — from policies and procedures that make easing back into the job a bit easier, to informal help from co-workers eager to make the daily grind a little less difficult. Both employers and employees can take steps to make sure workplace support for employees with cancer is available and being put to use. For the Employer A new guide from the National Business Group on Health and the National Comprehensive Cancer Network outlines steps employers can take to offer workplace support for employees with cancer. Key among them are providing short-term disability for cancer treatment, along with disability case managers to walk patients through the ins and outs. The guide also suggests employers put in place an Employee Assistance Program and return-to-work strategies that involve case managers, HR leaders, and the worker’s supervisor to ensure a smooth and sensitive transition. For the Employee It’s also important to be proactive about seeking workplace support for employees with cancer. Cancer.net points out that there are three steps involved in a successful return to work: preparation, adjusting physically and adjusting mentally. Cancer patients should understand the parameters of policies like FMLA and short-term disability for cancer treatments and ensure they’re taking maximum advantage of leave and other benefits available to them. When a doctor approves, contact the company and request a... 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

How to Support a Senior With Cancer

Cancer does not discriminate: It affects people around the world, from all backgrounds and at all stages of their life; however, those who are at an advanced age may feel the effects of cancer even more than others, for a number of reasons. Elderly cancer patients may be grappling with other expected conditions that naturally come with aging, but which may make fighting off the disease a bit more challenging. Those who are already impacted by mobility issues or memory challenges can be especially affected by the toll of cancer. Seniors often have smaller circles of support than younger patients as well, meaning fewer hands on deck and less day-to-day, practical support. Finances are also a consideration; many seniors have already retired or are unable to work and are on fixed incomes. Cancer can present a significant financial burden to even middle-aged, working adults so it’s to be expected that the condition will disproportionately impact elderly patients. Cancer financial help is one avenue for assistance that loved ones of a senior patient can pursue. Programs like Life Credit’s Living Benefit Loans can connect seniors with the life insurance that they’ve likely paid into for decades, allowing them to use those funds to put up their best fight possible against the disease so they can truly enjoy their golden years. Many healthcare facilities also offer financial consultants, and cancer nonprofits—at both the national and local levels—provide financial resources for patients in need, which caregivers for elderly patients should explore as another means of cancer financial help. Apart from finances, supporting a senior with cancer can involve altering one’s daily schedule... read more

Top Five Ways You Can Support a Cancer Patient

Cancer patients need support across a variety of spectrums—medical, financial and emotional, among others. Loved ones who have a family member or friend battling cancer may often feel at a loss of how to meet all those needs, but there are some simple ways to make the fight against cancer a little easier. 1. Organize a community benefit: Cancer patients, even those who are insured, are often in need of financial assistance to help pay medical bills and other expenses. If you’re unsure how to plan a benefit, many restaurants, country clubs or other venues often employ event specialists and other planners who can assist with all the details, such as invitations, organizing raffles and ordering food and other supplies. 2. Partner with a local or national cancer organization: Another way for those considering how to hold a fundraiser for cancer patients is to seek a partnership with a cancer agency. Such organizations can offer insight and resources for organizing unique events to benefit individual patients, such as walk-a-thons, parties or donation drives. 3. Connect the patient with needed resources: Sometimes a cancer patient may not have the time or energy to invest in finding information that could help them in their journey. Explore programs that could meet the individual needs of your loved one, such as Life Credit’s Living Benefit Loans, which allow patients to borrow against their own life insurance. 4. Consider overlooked tasks: Treating cancer is an around-the-clock chore, which means daily chores may fall by the wayside. Help out the patient in your life by cooking meals, transporting kids to and from activities or even... 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