Why Some Cancers are More of a Burden Financially

Cancer care can be a physical, emotional and mental burden — and a financial one. The cost of cancer depends on many factors, including:

  • the type of cancer
  • the stage at which it is identified
  • the course of treatment
  • the patient’s insurance

Financial resources for cancer patients certainly exist, but vary depending on these and other aspects.

For instance, colorectal cancer is often treated with oral chemotherapy and, if needed, radiation therapy. Oral drugs often come with steep copays and are used longer than other treatments, meaning the patient has to be making payments for a longer period of time.

A treatment of oral chemo can cost a patient about $10,000, a number that continues to grow annually; a few decades ago, such a treatment typically only cost patients a few hundred dollars. Also on the rise is medication costs. As more effective drugs hit the market, patients often are on pill regimens longer — meaning more financial burden — and the drug prices jump to cover the cost of the research.

It’s essential that individuals looking for financial resources for cancer patients understand all of the factors at play before deciding on a financial course of action. Whether it’s speaking to financial consultants at your cancer-care center or taking advantage of programs like Life Credit’s living benefit loan, there are ways to cut the costs and concentrate on surviving and thriving.

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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