Cost of Care for 3 Common Types of Cancer

While a cancer diagnosis of any kind brings with it a wealth of financial worries, not all types of cancer are the same — so the cost of cancer treatment can vary greatly. Costs depend on a number of factors, such as the method of treatment — radiation therapy versus chemotherapy versus surgery, or sometimes a combination of all of these approaches. Costs also impacted by the type of imaging needed, the extent of the medication regimen, length of hospital stays and level of home care required, as well as many other considerations.

Despite many differences, the cost of cancer treatment is often very significant, no matter the type of cancer, which is why it’s important for patients to have an idea of total costs before starting treatment, so they can be prepared and also explore all of the options for financial assistance for cancer patients.

Here are some of the projected costs for treatment of the most common forms of cancer:

  1. Breast Cancer 
    NCI predicts women diagnosed with breast cancer will pay a mean of $23,078 in the first year after diagnosis, followed by annual costs of $2,207. If the diagnosis ends up coming within the patient’s last year of life, the cost is a staggering $62,856.
  2. Prostate Cancer 
    For men diagnosed with prostate cancer, NCI estimates they will pay $19,710 for the cost of cancer treatment in the initial year, followed by annual costs of $3,201. If it is a late-stage diagnosis and the patient dies that year, the projected cost of care is $62,242.
  3. Lung Cancer 
    Lung cancer is among the more costly types of cancer. For women, the projected first-year costs are $60,533, with annual expenses of $8,130. If a diagnosis is within the woman’s last year of life, the expenses are projected to be $92,524. Costs are relatively similar for men: first-year expenses of $60,885, annual costs of $7,591 and, for patients with a late-stage diagnosis, a projection of $95,318.

These are just a few of the many different types of cancer — each which comes with its own unique price tag for treatment. While no two patients will pay exactly the same amount — as each individual’s insurance situation, treatment plan and prognosis will vary — having a realistic expectation for the total cost of cancer treatment can help patients get a handle on their finances now, so they can be prepared in the future.

Discover if you qualify for a Living Benefit Loan from Life Credit Company. You may be able to borrow against your life insurance policy and get the money you need for cancer treatment. Call us at 1-888-274-1777 and speak to a representative about a cancer loan today!

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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