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 Can I Help a Cancer Patient’s Caregiver?

Caregiving comes in many forms: nurturing a child, aiding an elderly parent through his or her final years or serving as a valuable support system to someone grappling with a serious illness. While all types of caregiving come with both their own pressures and rewards, the latter is often the most unknown and least often talked about—yet it can carry with it some of the greatest challenges. Cancer is among the many medical conditions that often necessitate a caregiver stepping in to help—with countless medical appointments, treatments, side effects and an overall major disruption to one’s routine, cancer patients often need all the help they can get. But, caregivers do as well. If you have someone in this role in your life and have wondered, “how can I help a cancer patient’s caregiver?” then this is the best time to ask that question. November is National Family Caregivers Month, a time when those who provided this valuable service are given just a fraction of the recognition they deserve. Apart from thanking the caregivers in your life, this is a good opportunity to also give them a bit more—as resources, knowledge, and support can be a lifesaving help for those who do so much to help others. 3 ways to give back to a cancer patient’s caregiver Introduce them to support groups: The American Cancer Society operates a comprehensive database of support groups for cancer caregivers. Connect them to these valuable resources so they can meet others with similar experiences. Research respite and adult care: Though many don’t realize it, cancer caregivers can and should take a break. Caring for... read more

5 Facts About Lung Cancer

Because of its commonly known association with smoking, lung cancer is likely one of the forms of the disease that most people could point to when they hear the word “cancer.” However, that doesn’t mean the public’s awareness about the condition is complete, or correct. Understanding the full extent of the risk factors, symptoms and treatments can help make all of us better informed and prepared should a diagnosis hit close to home. Beyond the 5 facts about lung cancer listed below, there are countless other nuances to the disease, so, should you find your own life impacted by lung cancer, it’s important to do your research and educate yourself. 5 Facts About Lung Cancer Lung cancer is the second most common type of cancer. More than 1.8 million people around the world are diagnosed with lung cancer each year, including 222,500 Americans. It follows only breast cancer in the number of people affected. It has higher fatality rates than many other types of cancer. Nearly 160,000 people die of lung cancer each year—more than the rates for colon, breast and prostate cancers combined. Smoking is the leading — but not only — risk factor. Smoking cigarettes drastically increases your chances for contracting the disease, as does smoking cigars, pipes, and hookahs. However, up to 15% of lung cancer patients are non-smokers, with other risk factors including secondhand smoke, carcinogen exposure, and genetic mutations. There are four primary forms of lung cancer. The vast majority of cases are considered non-small cell lung cancer, while other forms include small cell lung cancer, mesothelioma, and carcinoid tumors. A registry exists for... read more

How Does Cancer Treatment Affect The Pelvic Floor?

Some of the most common side effects of cancer treatments like chemotherapy, radiation or surgery are well-known: hair loss, nausea, fatigue, appetite problems and many more. However, there are a number of conditions patients may face during and after treatment that aren’t often discussed, even though they can have a significant — and in some cases, lasting — effect on the patient’s quality of life. One such issue is complications with the pelvic floor muscles. If you’re wondering, “how does cancer treatment affect the pelvic floor?” the best place to start is first understanding what exactly the pelvic floor does — and how cancer treatment can potentially damage this function. What is the pelvic floor? The pelvic floor is a group of muscles located at the base of the pelvis, extending from your pubic bone to the tailbone. The muscles enable urinary and fecal continence, support sexual function, encase vital organs like the colon and bladder, and work with other muscles to keep the spine stable. How does cancer treatment affect the pelvic floor? The pelvic floor can be damaged to varying degrees during gynecological cancer treatments. Chemotherapy and radiation, for instance, may lead to thickening pelvic tissue, which can lead to incontinence, sexual dysfunction and pain. Patients who undergo surgery for gynecological cancers may experience swelling and scar-tissue growth, which also can inhibit the pelvic floor from functioning as it should. What are the options for patients? The impact of cancer treatments on pelvic floor functionality varies widely, depending on the individual patient. Some may only experience symptoms of pelvic floor dysfunction temporarily, as they undergo treatment or... read more

How to Get a Loan for Medical Expenses

When a medical crisis hits, one of the first things you may be thinking—but one of the last things you’re prepared for—is how to meet the financial burden of your diagnosis. In the case of cancer, patients have to contend with co-pays, treatment costs, medication regimens, leaves of absence from work and many more factors that can cause the medical bills to pile up, and debt to quickly climb. Thankfully, like other big-ticket expenses in life, there are loans available that can help patients confront some of that debt. If you’re exploring how to get a loan for medical expenses, the first thing to consider is the source, as everyone from banks to healthcare providers to private organizations have begun offering medical loans. The type of loan is also key, as each has a set APR that could end up pushing accrued interest sky-high and a term length that must also be evaluated realistically in light of the patient’s financial situation. It’s important to establish whether you want a fixed or variable loan rate—the first of which guarantees a locked-in interest rate, and the latter that can change over time. Eligibility is also a consideration, as personal loans all have varying requirements for applicants, particularly around credit score. Another avenue for getting a loan to cover medical expenses is through life insurance. In some cases, policyholders can borrow against their policy through a collateral assignment, which involves transferring the policy into the lender’s name so that that entity is the primary beneficiary. Alternately, options like Life Credit’s Living Benefits Loans also allow you to borrow against the value of... read more

How Can I Get Help Paying My Medical Bills?

Healthcare costs are seemingly rising every day, and for those facing critical illnesses such as cancer, the medical bills are also likely piling up. If you’ve asked yourself, “How can I get help paying my medical bills?” you’re certainly not alone. Americans across all walks of life ⁠— from differing backgrounds, and all grappling with a range of diagnoses and prognoses ⁠— are being impacted by exorbitant medical expenses. The demand for lowering prices has generated a number of options for patients. Here are just a few: Medical Credit Cards: Many health providers offer this option to specifically cover medical expenses. It’s important to do your research before opting into a medical credit card, as they don’t all cover the same conditions and procedures. Credit requirements may also apply, along with strict repayment time limits. Specialty Credit Cards: Credit card companies often feature specialty credit cards to help customers in unique situations, such as those who are in school or are in a particular line of business. Some companies have also launched programs for specialty credit cards that can be used exclusively for medical care. 0% Credit Card: This is an option for those with very good credit, as most 0% credit cards require top-notch credit scores. If you qualify, you may be eligible to use the card without accruing any interest for a set time period; however, you have to pay off the balance before that timeframe ends or face high interest rates. Payment Plans: Negotiating an individualized payment plan with your provider can help alleviate some of the financial burdens. Each healthcare provider is different, though many will require a... read more

What Cancer Patients Need to Know About Preserving Fertility

Cancer has a wealth of immediate impacts on a patient’s life: disrupting normal routines, work and school commitments, finances and countless other areas. It can also have a long-lasting effect on family-planning. However, with enough forward-thinking and preparation—and plenty of research about what cancer patients need to know about preserving fertility—those who are aiming to become parents don’t have to let their plans get knocked off course. There are a number of reasons that infertility and cancer are known to go hand in hand. For one, treatments such as chemotherapy and radiation can do extensive damage to both men and women’s reproductive systems, damaging both eggs and sperm. Miscarriages are an unfortunate reality for many patients, and treatment-related damage can also lead to birth defects if a child is carried to term. While the risk for treatment-related genetic damage does subside a year after a treatment, some patients may be permanently affected. Additionally, both treatments and medications can also affect hormones and other organs, making conceiving and carrying a challenge. However, there are options for those who still want to fulfill their goal of starting or expanding a family. Here’s what cancer patients need to know about preserving fertility: Embryo freezing: In this method, before a woman begins cancer treatment, her eggs are retrieved and fertilized with the sperm of a partner or donor. The resulting embryos are frozen and stored for future use, at which time they can be reimplanted in the woman’s uterus or that of a surrogate. While a successful approach, it can be costly, with prices as high as $8,000. It can also be time-consuming,... read more