Coping with the High Cost of Cancer Drugs

If Ben Franklin were alive today, he might have coined those famous words about time and money a little differently: Cancer is money.  While cancer has many expenses, one of the key questions is, how can cancer patients cope with the high cost of cancer drugs?

The Cancer Drug Cost Problem

Cancer drugs are a crucial part of patient treatment. However, these life-saving drugs often come with a hefty price tag – as much as $12,000 per month. No problem, some patients initially think: I have insurance. That can be important. But insurance companies, including Medicare, require a co-pay of 20% on these drugs. That can translate to $2,400, every month!

The reason drug companies can charge this much is that drug manufacturers are free to price their drugs without limit. They can also incentivize oncologists to prescribe more expensive medications. Recently, an episode of 60 Minutes highlighted the growing costs of cancer drugs and the inconsistency in pricing. The 60 minutes episode explained how this pricing game by top pharmaceutical companies has caused cancer diagnoses to become one of the leading causes of personal bankruptcy by putting patients in a terrible bind. As the CBS program put it: come up with the money or die.

Patients need a solution.

Financial Help for Cancer Patients

As dedicated physicians and patient advocates work to find a solution to this growing problem, many patients need help now.

If you have a life insurance policy, we might be able to help you get relief from the high cost of cancer drugs. We provide Living Benefit Loans to those who have policies of $75,000 or more. Qualified patients can receive up to 50% of their death benefits to use however they choose. Our loan is repaid later on from the death benefit proceeds. The remainder goes to the patient’s beneficiaries.

Loans for Cancer Patients

 Over the years, we have helped many patients because of a simple mission: we believe you deserve better. If a Living Benefit Loan looks like an option worth exploring, please give us a call at 1-888-274-1777.

Life Credit Company

We are a licensed consumer lender that is dedicated to providing financial assistance for patients who are facing serious illness. With a Living Benefit Loan, from Life Credit Company, you can receive up to 50% of your life insurance policy’s death benefit today. Whether you need to catch up on medical bills, consolidate debt or take your family on a dream vacation, this is your money to spend without restrictions. If you have at least $75,000 of life insurance and have been diagnosed with cancer or other serious medical condition, you may qualify for a loan. Contact us today to speak with a professional counselor who is standing by to assist you.

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