Is There Any Financial Help For Cancer Patients – Critical illness insurance provides peace of mind to patients as it helps with their ongoing expenses and replaces loss of income. Photo: Getty Images

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Is There Any Financial Help For Cancer Patients

Is There Any Financial Help For Cancer Patients

He underwent surgery to remove the pancreatic tumor, followed by chemotherapy. Three years later, in 2019, doctors said the disease had progressed to stage 4, meaning the cancer had spread to other parts of the body.

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Thanks to advances in cancer treatments, including new treatments such as immunotherapy, which activates the body’s immune system to fight the disease, he has been able to defy early poor prognoses. But these new treatments come at a hefty price. Mr Lim estimates that recent radiotherapy treatments have reached around $30,000, while his monthly immunotherapy treatments cost five figures a month. In 2016, his surgery cost Rs.

Fortunately, his hospitalization insurance plan covered most of his medical expenses. A former financial representative, he also has critical illness, life and personal accident policies.

“I was lucky to have insurance coverage before I was diagnosed with pancreatic cancer,” she said. “Without insurance, I can’t even imagine the amount I would have to pay. But my medical expenses are covered almost entirely by my inpatient program, which I think is great.

Thank you to the Great Eastern staff for their support during this difficult time. “They gave me a personal touch and reassurance and helped me process my material smoothly and efficiently.”

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Although payments from his hospitalization plans covered most of his medical bills, lump sums from his critical illness and whole life plans provided Lim and his family with valuable additional financial support in lieu of income for four years. fee. Take a break from work to recuperate

“I couldn’t work after being diagnosed, so this money helped with my family’s daily expenses and my own living expenses,” he says. We also spend money to pay for my brother’s tuition and pilot’s course. Today,” he said.

Like Lim, cancer patients often feel like their world is turned upside down when they first receive a cancer diagnosis. In addition to dealing with their own emotional distress, many worry about being able to continue providing for their families and dependents.

Is There Any Financial Help For Cancer Patients

For Eddie Lowe, 64, his worst fear is becoming a burden on his only daughter, now 30, married with children.

Free Money And Financial Assistance For Cancer Patients And Their Families

Five years ago, in 2017, he was diagnosed with lung cancer during a routine check-up. A year later, he was diagnosed with liver cancer and prostate cancer. Between 2017 and 2020, he underwent several procedures, including keyhole surgery on the liver, chemotherapy to treat lung cancer, and radiotherapy to treat prostate cancer.

The Singapore Cancer Society’s programs and support groups helped me overcome some of the physical and emotional challenges I faced on my journey to recovery. “This included the SCS Return to Role Program, workshops on nutrition and mental health, and rehab exercises that helped strengthen my body and help me through this journey.”

Cancer is the leading cause of death in Singapore, accounting for 28.4% of all deaths in the country. But with early detection and advances in cancer treatment, a cancer diagnosis is no longer a death sentence.

Dr. Parkway Cancer Center’s chief medical oncologist said treatment options and costs can vary greatly. Richard Cooke said.

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He said: “Treatment depends on the type, stage and location of the cancer and the type of treatment required, so the cost of treatment varies greatly depending on what treatment is required.”

Also, even if the patient is recovering, there is always the fear of recurrence. Recurrence rates can vary greatly depending on the type of cancer, but can be as high as 85% in the case of ovarian cancer.

A stroke, like other serious diseases, can be diagnosed at an early stage, known as a transient ischemic attack.

Is There Any Financial Help For Cancer Patients

Lim said the payouts from his insurance plans took his mind off his mind and allowed him to focus on his cancer-fighting treatments.

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It was a real sigh of relief when I found out that the hospital bill and Critical Ilson’s plan were fine.

“When events like this happen, they realize that they need to be more prepared for the unexpected in life,” he says.

This cover becomes 100% for subsequent claims for other critical illnesses after 12 months from the date of diagnosis of the last diagnosed critical illness. Coverage reverts to 100% after 24 months from the date of diagnosis of the applicable critical illness immediately preceding the recurrent critical illness. Check the product summary for more details on terms and conditions of benefits.

Based on a 30-year-old non-smoking male, the annual premium is S$278.30 for the first year after a 30% discount for the first year. Daily rate is based on a 30-year-old non-smoking male. 85 is divided by 365 days, rounded to the nearest decimal place. As with each annuity of the policy, the annual premium increases based on the age of the life assured. Premium rates are not guaranteed and may change based on future experience.

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This advertisement has not been reviewed by the Monetary Authority of Singapore. The above is for general information only. This is not an insurance contract. The specific terms and conditions of this insurance plan are specified in the insurance contract. As this product has no savings or investment features, there is no cash value in case of policy expiry or early termination. You may wish to consult a financial advisor before purchasing this product. If you decide not to seek advice from a financial advisor, you should consider whether this product is right for you. Protected up to specified SDIC limits. Information correct as of October 16, 2022. In an unfortunate development, cancer and cancer deaths are at an all-time high worldwide. It’s not because cancer treatments aren’t available. This is because managing cancer can be very stressful. Especially when the cancer reaches the second or third stage, it is difficult for the affected patients to recover after treatment and to raise funds for them.

Cancer is an emotional and financial blow to the family. When such an event hits you, gathering resources can be a challenge. Health insurance is still rare for Indians. 80% of households in India are uninsured. Even the insured are struggling with their medical bills. Many health insurance policies are non-comprehensive in nature and may pay for one part of cancer treatment and not another or may not cover pre-existing conditions. Many uninsured Indians often decide to buy a policy after being hit, not before. Therefore, the costs are sudden and surprising.

Fortunately, there are other resources that cancer patients can use. There are two ways to get money for health issues these days. Some of these methods include government grants, grants from non-governmental organizations, and crowdfunding. Most people do not know that they can get help from government schemes. Here we list three ways in which the government provides financial assistance to cancer patients.

Is There Any Financial Help For Cancer Patients

The Ministry of Health and Family Welfare provides Health Minister’s Cancer Fund under the Rashtriya Arogya Nidhi scheme. It is available to patients below the poverty line. To get financial assistance under this scheme, applicants should use the application form provided on the website. The form must be signed by the attending physician and the medical director of the district, government hospital or cancer centre. The scheme includes 27 cancer centers across the country where applicants can receive treatment.

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Under the Ayushman Bharat scheme, the scheme provides financial protection of up to Rs 5 lakh per annum to a family. The scheme aims to help facilitate cashless hospitalization for the beneficiaries during service. The coverage provided covers the following secondary and tertiary care hospital expenses:

The Prime Minister’s National Relief Fund was initially intended to provide financial assistance to those affected by natural calamities. However, it also covers small expenses for advanced conditions like kidney transplant, cancer treatment, heart surgery and more. This fund applies to hospitals and centers which can be found on their website.

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John Pablo

📅 Born: May 15, 1985 📍 Location: New York City 🖋️ Writer | Financial Enthusiast Welcome to my corner of the web! I'm John Pablo—a finance enthusiast and writer passionate about making money matters simple and accessible.

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