How To Raise Money If You're A Cancer Patient
The term "cancer" typically ignites feelings of fright, despair, and stress.
With cancer care costs regularly ascension, it is easy to understand why a tertiary of cancer patients go into debt.
A diagnosis can be stressful enough past itself, without considering the fiscal burdens it tin can pose to the patient and their family unit.
But fear not! We at American Life Fund piece of work with cancer patients all the fourth dimension to help them financially, which is why we put together this comprehensive list of fiscal assistance and free money bachelor for cancer patients.
Here are 6 of the best resources for cancer patients to get free money and financial help.
Fiscal Assist & Free Money For Cancer Patients Type #1: Your Life Insurance Policy pays Y'all (through a Viatical Settlement)
Anyone struggling with a severe medical condition knows that health insurance doesn't cover all costs. In the The states, fifty-fifty with authorities programs such every bit Medicare and Medicaid, you may yet face up significant out-of-pocket expenses.
However, what most people don't know is that a life insurance policy is considered an asset that you lot own, meaning insurance policyholders tin can sell their life insurance for a lump-sum greenbacks payment, also known as a viatical settlement.
With a viatical settlement, the funds are taxation-free and non-regulated, meaning Y'all decide how they are spent.
Not merely can yous pay towards your medical expenses, but also towards the cost of living expenses, or fifty-fifty a luxurious vacation with your loved ones. As the settlement holder, the choice is uniquely yours.
In some cases, individuals can receive 70% of their life insurance policy in lilliputian as 2 weeks!
How it works: Unlike life settlements, viatical settlements are designed for life insurance policyholders with life-threatening illnesses, reduced life expectancies, or chronic health bug.
Cancer patients with life insurance policies can enter agreements with third party buyers to sell their life insurance policy in return for a lump-sum payment (more than than the greenbacks value of the life insurance policy, but less than the death benefit).
The life settlement company takes over by paying the monthly insurance policy premiums and receives the decease benefit after the seller's passing.
If you lot're because selling your life insurance policy, American Life Fund is hither to help. For the states, the most important thing is alleviating the fiscal brunt associated with cancer care, reducing stress, and enabling y'all to spend more time on the things that matter.
Through our hassle-gratuitous application process, American Life Fund will assist you get an immediate cash offer for your insurance policy.
Financial Assistance & Costless Money For Cancer Patients Type #2: Cancer-Specific Financial Grants
There are a multitude of organizations that offering free money to cancer patients. This type of financial assistance is also known as a cancer-specific fiscal grant.
While some grants are generalized and open to applicants with all cancer types, others are specific to certain cancers. The best place to search for financial grants you may qualify for is online and through your local nonprofit organizations.
When looking online, try searching for "cancer fiscal grants" or for grants specific to a sure type of cancer, such equally "lung cancer financial grants," for example. The best office about cancer financial grants is that they are free money, and don't come with strings attached.
The Colorectal Cancer Alliance offers financial assistance for cancer patients through a 1-time fiscal stipend for upward to $300 and The Breast Cancer Charities of America offers grants for up to $1,000, accepting applications monthly from the anest of the month to the 5th of the month.
Although it tin be time-consuming to locate grants, the time invested can pay for itself. When it comes to fiscal grants, the almost challenging function is locating an organization that still has funding available. Don't be discouraged–remember, persistence is key and resource are out there.
The following organizations offering financial help in the course of grants to cancer patients in demand:
- Patient Abet Foundation
- American Cancer Society
- National Cancer Assistance Foundation
- The COC Dollars Allocated to Assist Grant Fund
- Headstrong Foundation
- Cancer Family Relief Fund (must be a parent facing cancer to be eligible)
- Cancer Financial Assist Coalition (this is a tool that connects cancer patients with financial aid resources, based on geographic location and diagnosis)
Financial Assistance & Free Coin For Cancer Patients Blazon #three: Utility Help
When juggling finances to pay for cancer care, every fiddling chip helps.
Utility assistance is payment provided to help encompass the cost of utilities within a home, including payment for home free energy costs, bills, and any necessary energy repairs.
Utility assistance helps cancer patients by taking some of the financial burden off of your shoulders, and allowing you lot the ability to focus more on investing in your treatment.
Programs such as the LIHEAP (Depression Income Energy Assistance Program) offering utility assist to low-income households, every bit well as to those experiencing crises. The contact data for this resources differs from country to state, and so be sure to cheque the website.
Cancer Horizons and The Pink Fund are two other great resources to consult for financial utility assistance. You can likewise call "211" to locate additional local utility assist programs for cancer patients in demand.
Fiscal Assistance & Free Money For Cancer Patients Type #4: Prescription Assistance
With the cost of cancer medications rising, many patients feel concerned near how to afford treatment.
Thankfully, programs similar PPA (Partnerships for Prescription Assistance) can help past providing gratis coin to cancer patients, in the form of free or reduced-toll prescriptions.
Their easy-to-use online website provides a list of multiple prescription assist programs that you may qualify for as a cancer patient.
Some other resource offering fiscal aid for cancer patients is Needy Meds. Needy Meds offers a gratuitous Drug Discount Card, which provides savings of up to lxxx% on prescription medications.
If a medication is not covered past your insurance, or if your insurance has a high deductible, fear non–you can use your Drug Discount Card to help pay for prescriptions.
Also, the Medicine Aid Tool can help cancer patients to locate boosted resources for fiscal assistance for prescriptions.
Financial Assistance & Free Money For Cancer Patients Blazon #v: Gift Certificates and Complimentary Gas Cards
When dealing with cancer, the final thing yous should have to worry virtually is the price of gas; however, as trips to treatment centers increase, then does the cost of transportation. Gas tin be EXPENSIVE (peculiarly if you live somewhere like California)– so why pay for it if yous don't have to?
Tenaciously Teal is an organization that helps cancer patients by providing souvenir cards for both gas and groceries. Additionally, NeedyMeds is a neat resource to consult for assistance with medical transportation and necessary travel expenses.
Also, check out The Cancer Card Xchange, as they accept new applicants periodically.
Financial Assistance & Complimentary Money For Cancer Patients Type #6: Fundraising
One of the quickest, easiest ways to supplement financial assistance for cancer patients is fundraising. With a petty upfront investment of your time and a good social network, fundraising can be an effective tool for harnessing financial funds.
Online fundraising platforms such as GoFundMe, let you to post your need/cause and share that need/cause with others. Still, the downside is that y'all only receive a portion of the funds raised.
A second method of fundraising worth considering–and from which yous'll get to go on all profits– is known as a personal fundraiser. With this type, yous, your friends, and your family unit heighten funds past offer something to the community, such every bit a bake sale or automobile wash, for example. Feel free to check out MedGift Advocacy Services for a whole list of fundraising ideas.
Don't be afraid to seek a higher quality of life. You deserve it, no affair what your fiscal state of affairs is. To acquire more than almost how we help cancer patients financially, contact us at American Life Fund today!
Often Asked Questions Most Financial Assistance & Free Money For Cancer Patients
What benefits are cancer patients entitled to?
If you are an American citizen struggling with cancer, yous may qualify for Social Security Disability Benefits. The more ambitious the cancer, the more qualified you are likely to exist.
Can y'all become financial assistance if y'all have cancer?
Yep, you lot can become financial help if you take cancer. You tin can get everything from help with prescriptions, lower utility bills, gratuitous wigs, grants, viatical settlements and much, much more than.
How tin I go money for cancer treatment?
Grants, crowdfunding, and disability benefits are some other ways you can get money for cancer treatment. Additionally, viatical or life settlements (where yous sell your life insurance policy for a lump sum of cash), tin can be a peachy option to get money for cancer treatment.
Does stage 4 cancer qualify for disability?
Phase 4 cancer patients typically will be approved for Social Security Disability benefits. If you have stage four cancer, in that location is likewise a skillful chance you volition qualify for a viatical settlement.
Bank check out other articles on financial assistance options for specific types of life-threatening illnesses:
- thirty+ Organizations & Charities That Help Cancer Patients Financially
- Financial Help for Pancreatic Cancer Patients
- Financial Assistance for Prostate Cancer Patients
- Financial Aid for Colon Cancer Patients
- Fiscal Assistance for Esophageal Cancer Patients
- Fiscal Assistance for Bile Duct Cancer Patients
- Financial Assist For ALS Patients
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Source: https://www.americanlifefund.com/tips-find-financial-assistance-cancer-patients/
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