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Organizations That Help Cancer Patients Financially

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Organizations That Help Cancer Patients Financially

Cancer treatment combined with not being able to work can result in financial challenges, making daily life stressful and disheartening. If you’ve been diagnosed with cancer, you need to focus on your health, but sometimes that can feel impossible when you’re saddled by an influx of bills. Organizations that help cancer patients financially can help with medical bills, other costs associated with cancer treatment, and more. Here are a few organizations that can provide support services and help with financial needs.

U.S. Department of Health & Human Services
This agency provides educational resources about cancer that are designed to help survivors, people who live in rural communities, and other strained demographics. And in terms of financial aid, this department offers a range of helpful services for people who have financial difficulties due to cancer or other hardships, including food stamps and financial assistance. The HHS web site is full of helpful resources, including ways to contact local social workers.
Pharmaceutical Patient Assistance Programs
These direct financial assistance programs are typically sponsored by pharmaceutical companies and aim to offer financial aid to people battling cancer who don’t have health insurance coverage. They can provide low-cost access to prescription drugs and get help paying for other medical expenses.
CancerCare

CancerCare has two main programs designed to help ease the financial burden of receiving cancer treatment. The financial assistance program is designed to help offset costs that are related to a long-term illness, such as transportation, child care, and medical supplies. 

The co-payment assistance program helps with covering the cost of insurance copays for cancer treatment. While the Affordable Care Act and Medicaid can help to make health care less expensive, medical bills can still pile up. 

On top of financial assistance, this group also offers other local resources like access to financial counselors, education, and support groups. There are even social workers who can help you find and apply for financial assistance from other groups and advocacy organizations.

American Cancer Society

As one of the most famous organizations that help those struggling with cancer, this non-profit organization focuses on educating people about the warning signs of cancer, from breast cancer to leukemia to pancreatic cancer, and hopes to use their web site and other sources to educate people about early detection of cancer. 

When it comes to financial support, the American Cancer Society has a few financial assistance programs. For example, in regions with the Road to Recovery Program, patients can access free rides from volunteers to hospitals and clinics. Additionally, this group may be able to help people get low-cost lodging near their cancer treatment center. The society can also help people find local financial resources in their community.

Faith-Based Organizations
Most communities have faith-based organizations that are willing to help cancer patients and others with rent assistance, grocery money, utility bills, and related costs. Some nationwide nonprofit organizations include Catholic Charities, Lutheran Social Services, and Jewish Family Services, among others. Small local churches are also sometimes able to help. Typically, being a member of the church is not one of the eligibility requirements.
Ronald McDonald House
When someone is going through cancer treatment or receiving associated medical care, they most likely want a family member nearby. But if the health care provider or treatment center is far from home, the family will have to find lodging, which can be expensive. Fortunately, the Ronald McDonald House web site states that they offer families lodging for just $25 per night and can offer direct financial support for families who can’t pay. 

Having family close by is important during trying times, especially for young people and whether it’s a diagnosis of cancer or other serious health care concerns, families can stick together with this organization.

American Life Fund
American Life Fund helps cancer patients access large sums of cash within two weeks by guiding them through the process of selling their existing life insurance plan. This money can then be used to pay for medical treatment, prescription drugs, home care, and other health care needs. If health insurance doesn’t cover the cost and offers limited financial assistance, American Life Fund can help.

Your Insurance Policy Has Cash Value Right Now

For many patients, a Viatical Settlement can be one of the greatest sources of financial help.

WHAT TO EXPECT

Viatical settlements are different than other types of financial assistance for cancer patients because they:

  • Provide funds quickly, within a matter of weeks.
  • Provide large lump sum payments.
  • There are no restrictions on using the money.
  • It reduces monthly bills by eliminating insurance payments.

VIATICAL SETTLEMENTS DEFINED

A viatical settlement is an arrangement in which someone with a life-threatening illness sells his or her life insurance plan at a discount from its face value for cash. Best of all, under federal law, viatical settlements are non-taxable.

WHAT HAPPENS IF MY LIFE INSURANCE POLICY LAPSES?

According to the Life Insurance Settlement Association (LISA), more than 710,000 policies are lapsed or surrendered each year. As a direct result, a staggering seven billion dollars in combined face value is lapsed each year by American seniors over the age of 70.

Once a life insurance plan lapses, the life insurance company is not under any legal obligation to pay the beneficiaries if an insured person passes away and will offer limited financial assistance. The reinstatement process requires good health with proof of insurability and all missed premiums must be paid to the insurance company.

Essentially, the viatical settlement process allows late-stage cancer patients to explore all options before lapsing the life insurance policy because of unaffordable premiums. Even with a decision to keep the policy, knowing the value of the policy on the open market gives the patient options and financial peace-of-mind.

 

Here’s How the Viatical Settlement Process Works:

Through this partnership, various drug manufacturers offer a range of benefits for people with cancer. Some of the financial benefits include help with insurance reimbursements, access to co-pay relief programs, and discounts on medicine. Representatives from this assistance program can also help you apply for help from other programs.

  • Contact American Life Fund today at 877-297-4592 to speak with a counselor or fill out our easy online application. We will guide you through the pre-qualification process and ask you to fill out an easy one-page form. Once your qualifications are verified, you will be given an offer for your policy.
  • Complete the simple application. After the initial application is submitted, American Life Fund will review the policy and any non-forfeiture options, policy dividends, policy riders, or provisions attached to the policy.
  • Accept your offer. If accepted, closing documents will be sent out for your signature. During the two week viatical settlement process, your life insurance carrier will be instructed to make the necessary ownership changes to the policy.

American Life Fund ensures complete confidentiality and follows any privacy policy under federal law during the entire viatical settlement process. Cancer support resources and contact information for advocacy organizations will be offered if you choose to decline the offer. There is no waiting period to re-apply online, as we understand families may need more time to discuss all options.

WHY SELL MY POLICY?

  • Pay for medical costs or alternative treatment
  • Premium payments become unaffordable
  • Funds are immediate and tax-free
  • No obligation, receive an instant quote and one-page application process
  • Replace loss of income

WHO QUALIFIES?

  • Individuals with late-stage cancer or a life-threatening disease
  • Currently own an existing life insurance policy
  • Death benefit of the life insurance policy is at least $100,000 or more

HOW DO I APPLY?

  • Call 877-226-9836 or apply online to find out what your policy is worth. There’s no-hassle & zero obligation.
  • If you qualify for a viatical settlement, you’ll be sent one simple form asking for additional information on you and your policy.
  • Once we receive your forms and verification, you’ll receive an offer on your policy.
  • If accepted, you’ll receive your funds in as little as 2 weeks. It’s that simple.


If you need financial help, check out the above organizations that help cancer patients financially. To learn more about cashing in on your life insurance policy early, contact American Life Fund directly. We may be able to help.
 
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