When I was first diagnosed with cancer in early 1994 all I could think about was how best to treat my cancer. As the months passed the pile of letters from my insurance company slowly piled up. I knew the envelopes contained “E.O.B.’s” that clinically explained what therapies were being paid for by my insurance and what therapies were not being paid for (covered) by my insurance.
I simply ignored what my insurance company was telling me- positive or negative. Big mistake…
I am both a cancer survivor and cancer coach. Research and experience have taught me:
The need for developing a plan to pay for your cancer is the same as developing a therapy plan for your cancer in general.
Scroll down the page, ask me a question or post a comment. I will reply to you ASAP.
“A new study from Queen’s University professor Christopher Booth has revealed the pricing of cancer drugs appears to have no relationship to their effectiveness…
“The staggering cost of cancer care forces many patients to file for bankruptcy, and that financial stress may play a role in cutting their lives short, new research suggests.
In fact, patients suffering from colon, prostate or thyroid cancers who went broke had almost 80 percent higher odds of dying during the study period compared with similar patients who remained financially sound, the researchers said…”
“Our article on Americans’ struggles with medical debt generated thousands of reader comments. More than 1,200 readers wrote us to answer our question: “How have medical bills changed your life?”
“”Out-of-pocket expenses related to treatment are akin to physical toxicity, in that costs can diminish quality of life and impede delivery of the highest quality care..Cancer treatments are more expensivethan in the past, and they are being overused; importantly, rising costs are being passed on to the patient, the essayists write.
Indebtedness is common and can be severe. In a recent study of colorectal cancer patients, researchers found that about 25% were in debt because of treatment, and that the average debt was $26,860 (J Clin Oncol. 2011;29:954-956)…
What to Do? The first step in discussing cancer costs is actually knowing the cost of treatment…But other research suggests a “conundrum”: patients want to talk about cost, but they don’t want their physicians making treatment decisions based on cost.
“…In 2013, Ms. Pearson said, 23 percent of employer-sponsored health plans placed specialty drugs in their own group, or tier, in which consumers are asked to pay a percentage of the drug cost, rather than a set co-payment. In 2006, just 5 percent of employer plans had a specialty tier. The trend is likely to continue: In the new plans offered to individuals through the health insurance marketplaces, Ms. Pearson said, specialty tiers are “ubiquitous.”
“”By making the NCCN Reimbursement Resource App available free of charge, NCCN seeks to assist
patients, caregivers, and providers in identifying resources that may ease that burden by providing easy access to payment assistance and reimbursement programs, respectively.”