We at American Life Fund work with colon cancer patients to help them financially, which is why we put together this comprehensive list of financial assistance and free money available to colon cancer patients.
Over 100,000 new cases of colon cancer are diagnosed in the U.S. annually, making it the third most common cancer amongst both men and women (excluding skin cancer).
While it comes as no surprise that treating cancer isn’t cheap, the CDC has reported that the costs associated with treating colon cancer specifically, are the second highest of ALL cancer costs. Rising treatment costs for colon cancer means more financial stress and anxiety for patients who are already struggling to afford care.
On the surface, these statistics may seem grim, but they don’t have to be. You don’t have to compromise your financial security in order to afford treatment for colon cancer.
Financial Assistance For Colon Cancer Patients Type #1: Your Life Insurance Policy pays YOU (through a Viatical Settlement)
Anyone struggling with a severe medical condition knows that health insurance doesn’t cover all costs. In the United States, even with government programs such as Medicare and Medicaid, you may still face significant out-of-pocket expenses.
However, what most people don’t know is that a life insurance policy is considered an asset that you own, meaning insurance policy holders can sell their life insurance for a lump-sum cash payment, also known as a viatical settlement.
Not only can you pay towards your medical expenses, but also towards the cost of living expenses, or even a luxurious vacation with your loved ones. As the settlement holder, the freedom and the choice is uniquely yours!
In some cases, individuals can receive 70% of their life insurance policy in as little as 2 weeks with a viatical settlement!
How it works: Unlike life settlements, viatical settlements are designed for life insurance policyholders with life-threatening illnesses, reduced life expectancies, or chronic health issues.
Colon 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 the cash 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 death benefit after the seller’s passing.
If you’re considering selling your life insurance policy, American Life Fund is here to help. For us, the most important thing is alleviating the financial burden associated with colon cancer care, reducing stress, and enabling you to spend more time on the things that matter.
Through our hassle-free application process, American Life Fund will help you get an immediate cash offer for your insurance policy.
Financial Assistance For Colon Cancer Patients Type #2: Colon Cancer-Specific Financial Grants
There are a multitude of organizations that offer free money to colon cancer patients. This type of financial assistance is also known as a colon cancer-specific financial grant.
While some grants are generalized and open to applicants with all cancer types, others are specific to colon cancer. 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 “colon cancer financial grants”, as well as the more general but still applicable “cancer financial grants”. The best part about cancer financial grants is that they are free money, and don’t come with strings attached.
Although it can be time-consuming to locate grants, the time invested can pay for itself. When it comes to financial grants, the most challenging part is locating an organization that still has funding available. Don’t be discouraged–remember, persistence is key and resources are out there.
Triage Cancer and Needymeds (these organizations maintain a long running list of financial assistance resources for cancer patients)
Financial Assistance For Colon Cancer Patients Type #3: Utility Assistance
When juggling finances to pay for cancer care, every little bit helps.
Utility assistance is payment provided to help cover the cost of utilities within a home, including payment for home energy costs, rent, bills, and any necessary energy repairs.
Utility assistance helps colon cancer patients by taking some of the financial burden off of your shoulders, and allowing you the ability to focus more on investing in your treatment.
Programs such as the LIHEAP (Low Income Energy Assistance Program) offer utility assistance to low-income households, as well as to those experiencing crises. The contact information for this resource differs from state to state, so be sure to check the website.
Their easy to use online websites provide a list of multiple prescription assistance programs that you may qualify for as a colon cancer patient.
Another resource offering financial assistance for colon cancer patients is Needy Meds. Needy Meds offers a free Drug Discount Card, which provides savings of up to 80% on prescription medications.
If a medication is not covered by your insurance, or if your insurance has a high deductible, fear not–you can use your Drug Discount Card to help pay for prescriptions.
Also, the Medicine Assistance Tool can help colon cancer patients to locate additional resources for prescription assistance.
Financial Assistance For Colon Cancer Patients Type #5: Gift Certificates, Gas Cards, and More
When dealing with colon cancer, the last thing you should have to worry about is the price of gas; however, as trips to treatment centers increase, so does the cost of transportation. Gas can be EXPENSIVE (especially if you live somewhere like California)– so why pay for it if you don’t have to?
Tenaciously Teal is a great organization that helps colon cancer patients by providing gift cards for both gas and groceries. Additionally, NeedyMeds and Mercy Medical Angels offer financial assistance for medical transportation and necessary travel expenses.
Through their Blue Hope Financial Assistance Fund, the Colorectal Cancer Alliance provides checks of $200 to eligible patients facing colon cancer. These funds can be used to cover costs associated with daily living, transportation, food, or even utilities.
Oh, and if you like freebies (because who doesn’t?), Phil’s Friends and Radiant Hope are two organizations that offer financial assistance in the form of a care package, which contains self-care freebies for those battling colon cancer.
Financial Assistance For Colon Cancer Patients Type #6: Fundraising
One of the quickest, easiest ways to supplement financial assistance for colon cancer patients is fundraising. With a little 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, allow you to post your need/cause and share that need/cause with others. However, the downside is that you only receive a portion of the funds raised.
A second method of fundraising worth considering–and from which you’ll get to keep all profits– is known as a personal fundraiser. With this type– you, your friends, and your family raise funds by offering something to the community, such as a bake sale or car 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 matter what your financial situation is. To learn more about how we help colon cancer patients financially, contact us at American Life Fund today!
What Colon Cancer Patients Can Expect Financially
A colon cancer diagnosis is never easy, especially when that diagnosis turns into a financial burden.
In order to try to avoid financial distress, it is important to understand the costs associated with treating colon cancer.
When battling with colon cancer, some of your largest expenses are likely to come from the following: doctor visits, treatment, medication, and transportation/travel.
Doctor Visit Costs: If you’re insured, you’ll likely only have to pay a copay per visit to your doctor; the copay is usually a small fraction of the total overall cost for the visit. If you’re uninsured, you’ll pay more.
Treatment Costs: The treatment approach for colon cancer varies widely and depends on which stage of development the cancer has progressed to. For mild, localized cases, cancerous polyp removal or minor surgery is most common. However, in order to treat more progressed colon cancer, a partial Colectomy or full Ostomy procedure may be necessary; lymph node removal is also a possibility. For these reasons, the extent of your treatment will have a direct impact on the financial costs incurred–in other words, the more treatment needed, the more it is likely to cost you.
Medication Costs: While being treated for colon cancer, there are certain medications you’ll need to take. Also, if you’re actively undergoing chemotherapy, that’s another crucial cost you’ll need to consider when opting for financial assistance for treatment.
Transportation/Travel Costs: If you’re being treated for colon cancer at a facility that is not near your home, you’ll be met with the added financial stress of paying for gas and/or the costs of public transportation to get to and from your appointments.
Sound like a lot? The good news is, help is always available–and you deserve it, no matter what your financial situation is. To learn more about how we help colon cancer patients financially, contact us at American Life Fund today!
Frequently Asked Questions about Financial Assistance for Colon Cancer Patients
What benefits are colon cancer patients entitled to?
If you are an American citizen struggling with colon cancer, you may qualify for Social Security Disability Benefits. The more aggressive the cancer, the more qualified you are likely to be.
Can you get financial help if you have colon cancer?
Yes, you can get financial help if you have colon cancer. You can get everything from help with prescriptions, lower utility bills, grants, viatical settlements and much, much more.
How can I get money for colon cancer treatment?
Grants, crowdfunding, and disability benefits are some other ways you can get money for colon cancer treatment. Additionally, viatical or life settlements (where you sell your life insurance policy for a lump sum of cash), can be a great option to get money for colon cancer treatment.
Does stage 4 colon cancer qualify for disability?
Stage 4 colon cancer patients typically will be approved for Social Security Disability benefits. If you have stage 4 colon cancer, there is also a good chance you will qualify for a viatical settlement.
Disclaimer: American Life Fund is not a licensed provider and may not be licensed in your state. Principles hold brokers license in various states nationwide. Due to life settlement regulations varying state by state, our services are not available to residents in all states, including Georgia and Florida. The content contained in this website is not applicable for consumers in states where American Life Fund is not permitted to make life settlement transactions, solicit or advertise. Any offer is conditional, contingent upon written terms and conditions, and is non‐binding, as well as subject to due diligence and execution of closing documents.