Take Steps to Avoid Financial Toxicity
Great strides in cancer treatment in recent years have come at a steep financial cost. Even if you’re covered by insurance, a growing share of this burden may land in your lap—deductibles, co-pays and co-insurance continue to rise. What’s more, the typical person with cancer sees his or her earnings drop by almost 40% in the years following diagnosis. Between the massive costs and diminished income, 42% of patients burn through their entire life savings within two years. Studies find that costs lead some people to refuse or delay treatments—even if they are insured. This financial toll is so devastating that the cancer community has given it a name of its own: financial toxicity.
Here are 10 ways to keep your financial head above water while you pay attention to treatment and recovery...
