In the United States alone, approximately 1 in every 8 women will be diagnosed with breast cancer. As a result, there is a significant need for financial assistance and support for those affected.
With breast cancer care costs regularly rising, it is no surprise that those facing treatment are over 2.5 times more likely to file for bankruptcy than their counterparts. A diagnosis can be stressful enough by itself, without considering the financial burden it can pose to the patient and their family.
But fear not! We at American Life Fund regularly work with breast cancer patients to help them financially, which is why we put together this comprehensive list of financial assistance and free money for cancer patients including breast cancers.
Here are 6 of the best resources for breast cancer patients to get free money and financial assistance.
Breast Cancer Financial Assistance 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.
With a viatical settlement, the funds are tax-free and non-regulated, meaning YOU decide how they are spent.
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!
Life settlement vs 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.
Breast 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 breast 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 Breast Cancer Patients Type #2: Breast Cancer-Specific Financial Grants
There are a multitude of organizations that help cancer patients financially. This type of financial aid for breast cancer patients is also known as a breast cancer-specific financial grant.
While some grants are generalized and open to applicants with all cancer types, others are specific to breast cancer. The best place to search for breast cancer grants for patients is online and through local nonprofit organizations.
When looking online, try searching for “breast cancer grants” or “breast 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.
The Breast Cancer Charities of America offers grants of up to $1,000. Applications are accepted monthly, from the 1st to the 5th of the month.
Although it can be time-consuming to locate grants for breast cancer patients, the time invested can pay for itself. When it comes to financial grants, the most challenging part is locating breast cancer financial assistance grants that still have funding available. Don’t be discouraged–remember, persistence is key and resources are out there.
The following organizational funds offer financial help in the form of grants to breast cancer patients in need:
- Breast Cancer Assistance Fund
- The Pink Fund
- Komen Treatment Assistance Program
- Jill’s Wish Foundation Fund (to be eligible, you must reside in one of the following areas: Louisville, KY; Southern, IN; Central Kentucky; Cincinnati, OH, or Michigan)
- Alliance in Reconstructive Surgery Fund (to be eligible, you must be a patient seeking financial help for cancer patients including breast reconstruction after mastectomy)
- American Cancer Society Fund
- National Cancer Assistance Foundation Fund (patients in the following states are not eligible: AR, IA, MI, OR)
Also check out these great resources:
- Cancer Financial Assistance Coalition (this is a tool that connects cancer patients with financial assistance resources, based on geographic location and diagnosis)
- Triage Cancer and Needymeds (these organizations maintain a long running list of financial assistance resources for cancer patients)
Financial Assistance For Breast Cancer Patients Type #3: Utility Assistance
When juggling finances to pay for cancer care, every little bit helps. Breast cancer financial help comes in many forms:
Utility assistance is payment provided to help cover the cost of utilities within a home, including payment for home energy costs, bills, and any necessary energy repairs.
Utility assistance helps breast 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.
Cancer Horizons and The Pink Fund are two great resources to consult for financial utility assistance. You can also call “211” to locate additional local utility assistance programs for cancer patients in need.
Additionally, Triple Step Toward the Cure provides emergency financial assistance for rent, utilities, and housekeeping services, and Cleaning for a Reason offers 2 free home cleanings to breast cancer patients.
Financial Assistance For Breast Cancer Patients Type #4: Prescription Assistance
With the cost of cancer medications rising, many patients feel concerned about how to afford treatment.
Thankfully, programs like PPA (Partnerships for Prescription Assistance) and Rx Outreach can help by providing free money to breast cancer patients, in the form of free or reduced cost prescriptions.
Their easy to use online websites provide a list of multiple prescription assistance programs that you may qualify for as a breast cancer patient.
Another resource offering financial assistance for breast 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 breast cancer patients to locate additional resources for prescription assistance. Financial support for breast cancer patients is an important way to reduce an already stressful situation, do not hesitate to reach out for help!
Financial Assistance For Breast Cancer Patients Type #5: Gift Certificates, Gas Cards, and More
When dealing with breast cancer, the last thing you should have to worry about is the price of gas; however, as trips to alternative cancer 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? Check those organizations providing free cards for cancer patients but also free government grants for cancer patients.
Breast Cancer Angels (southern CA applicants only) and Tenaciously Teal are two great organizations that help breast cancer patients by providing gift cards for both gas and groceries. Additionally, NeedyMeds is a great resource to consult for help with medical transportation and necessary travel expenses.
Also, check out The Cancer Card Xchange, as they accept new applicants periodically.
Financial Assistance For Breast Cancer Patients Type #6: Fundraising
One of the quickest, easiest ways to supplement financial help for breast 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.
There are many ways to help the situation by doing some breast cancer financial assistance fundraising; be creative!
What Breast Cancer Patients Can Expect Financially
A breast 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 breast cancer.
When battling with breast cancer, some of your largest expenses are likely to come from the following: doctor visits, treatment, breast reconstruction, 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 primary method of treatment for patients with breast cancer is either a lumpectomy (removal of a small amount of cancerous tissue) or mastectomy (complete or partial removal of one or both breasts). If the cancer has progressed further, radiation and chemotherapy are also necessary. For this reason, the duration 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.
Breast Reconstruction: For patients who must undergo a mastectomy, breast reconstruction is an option. During this cosmetic surgery, the breast(s) are reconstructed using implants. Since reconstruction is a cosmetic surgery, it comes at an additional cost. While many healthcare providers do cover this cost, you’ll still be responsible for the copay–which in the case of surgery, can still be very pricey.
Medication Costs: While being treated for breast 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 breast 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.
Sounds 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 breast cancer patients financially, contact us at American Life Fund today!
Frequently Asked Questions about Breast Cancer Financial Assistance
What benefits are breast cancer patients entitled to?
If you are an American citizen struggling with breast 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 breast cancer?
Yes, you can get financial help if you have breast cancer. You can get everything from help with prescriptions, lower utility bills, free wigs, grants, viatical settlements and much, much more. Contact us and learn more about financial support for cancer patients.
How can I get money for breast cancer treatment?
Grants, crowdfunding, and disability benefits are some other ways you can get money for cancer patients to cover breast cancer treatment. Additionally, life or viatical settlements (where you sell your life insurance policy for a lump sum of cash), can be a great option to get money for cancer treatment.
Does stage 4 breast cancer qualify for disability?
Stage 4 breast cancer patients typically will be approved for Social Security Disability benefits. If you have stage 4 breast cancer, there is also a good chance you will qualify for a viatical settlement.
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