Managing the High Costs of Cancer Treatment

A new article, “Insuring Against the High Costs of Cancer,” offers tips on coping with the high insurance co-payment costs of cancer treatment and features CancerCare and other organizations that offer financial assistance for patients.

While the past few years have seen breakthroughs in cancer treatment, these breakthroughs can come with a hefty price tag—even for those with insurance. “The cost of cancer is increasing at a rate of about 15 percent per year, (which is) nearly three times the rate of increase of overall health costs,” explains CancerCare Program Division Director Rosalie Canosa in the article. “It’s mind-boggling. [But] understanding the costs you can expect before you even begin treatment can help you manage the impact more effectively.”

“You can get to that lifetime cap pretty quickly with cancer,” she says. “A lot of policies are capped at $1 million. It doesn’t take long to get there.”

“Start this conversation with your health care team,” Canosa advises. “Often they’re linked to resources, including less-expensive options.”

Read the article, which appears online at www.bankrate.com.

CancerCare offers limited financial assistance for costs associated with cancer treatment, such as transportation to and from treatment, home care, child care, and over-the-counter pain medication. Learn more about our financial assistance programs, or fill out an application for financial help.

The CancerCare Co-Payment Assistance Foundation provides up to $10,000 per year in co-payment assistance to eligible individuals with insurance. The foundation currently offers assistance for the following diagnoses:

  • Colon or colorectal cancer
  • Gastric cancer
  • Glioblastoma
  • Non-small cell lung cancer
  • Pancreatic cancer
  • Renal cell cancer

Learn more about the foundation and how to apply for assistance.

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