Advanced cancer comes with unimaginable stress. Individuals dealing with cancer must figure out how to manage the often-overwhelming emotions that accompany a serious illness, while simultaneously juggling the logistics of arranging and funding treatment, all while, attempting to maintain quality of life.
Unfortunately, cancer diagnoses come with ever-mounting expenses that frequently coincide with reductions in income. Because the time and energy that is involved in undergoing cancer care is so intensive, patients often find themselves needing to quit work to focus on themselves. This often means that they lose employer paid health insurance coverage and deal with substantially reduced income at the precise moment when they are in greatest need of financial resources.
Even individuals who maintain insurance coverage through a spousal or self-supported plan often find that the copay amounts associated with treatment, medications, procedures, physical therapy, support services and medical supplies are financially taxing. In addition, everyday expenses, such housing, food bills and childcare, mount and these are not covered by insurance at all.
What options are available to helping finance cancer care and lifestyle expenses? Below is a list of both Texas-specific and national resources to help.
In addition to the organizations listed below, those looking into help for cancer patients may want to look into accessing value from their life insurance policy through viatical settlements, traditional life insurance loans, and offerings like the Fifth Season Financial FLAG (Funds for Living and Giving) program.
The FLAG program provides financial advances similar, to a bank loan; however, the loan is secured solely by one’s life insurance policy’s death benefit. Qualified individuals with life insurance policies can expect to receive 10%-65% of their policy’s face value benefit as a lump sum or a line of credit. Unlike the funds allocated by medical insurance or not-for-profit organizations, the money one receives from the FLAG program is completely unrestricted. In other words, the funds can be used for anything, from paying for more personalized care, to memory making family vacations, to paying off one’s mortgage. Fifth Season also absorbs all future premium payments to maintain the life insurance policy. All interest payments and fees are paid out of the policy and not by the owner of the policy. Fifth Season Financial is a licensed consumer lender in the State of Texas so you can trust that you’ll be working with a reliable source of financial assistance that has already helped thousands of individuals in situations.
To find out more about this unique opportunity, head to https://www.fifthseasonfinancial.com/flag-program/.
State Insurance Commissioner’s Office
Regulates Insurance companies. Reviews policy files, rate rules and forms. Manages complaints against insurance companies. Handles consumer questions about insurance policies.
Texas Long-Term Care Ombudsman
Investigates nursing home complaints and mediates disputes between nursing homes and residents or their families. Ombudsmen assist information on the nursing homes in Texas.
Children’s Health Insurance Program (CHIP)
The CHIP program offers health insurance to children who are uninsured. CHIP is administered by the state. This program is jointly funded by the state of Texas and the federal government.
Medicaid is a state and federal cooperative venture that provides medical coverage to eligible needy persons. The purpose of Medicaid in Texas is to improve access to proper medical for those who might otherwise go without medical care for themselves and their children.
The Low-Income Home Energy Assistance Program- LIHEAP Assistance for Texas
The Low-Income Home Energy Assistance Program, Commonly know as LIHEAP, helps families pay for household energy expenses including heating and cooling expenses, weatherization costs and necessary home repairs. Beneficiaries of government programs such as Temporary Assistance for Needy Families (TANF) may automatically qualify for these benefits. Applicants with young children and elderly or disabled household members are more likely to qualify for this type of assistance.
Texas Health Insurance Risk Pool
Health Insurance Options for High-Risk Individuals are state programs. These are sometimes called, “risk pools,” and they provide health insurance to eligible Texas residents who, due to pre-existing medical conditions, are unable to obtain affordable medical coverage from commercial insurers.
Department of Human Services
The following are some of the programs and services offered through the Department of Human Services.
Food Stamps 1-800-248-1078 – A monthly benefit that enables eligible individuals or families purchase nutritional food.
Temporary Assistance for Needy People (TANF) – Provides cash grants to eligible needy families.
Community Care Programs – Provides a variety of care programs for the aged and disabled to keep them in their community.
Department of Health
The following are some of the programs and services offered through the Department of Health.
Medical Transportation – Provides non-emergency transportation services to authorized medical and dental care.
Healthy Steps -Largest most comprehensive medical/dental prevention and treatment program for children of low-income families.
Comprehensive Care Program of Texas Healthy Steps – Offers additional services for Medicaid clients younger than twenty-one. Services may include provisions of meals/lodging for a child and/or one attendant when an overnight stay at a medical facility is medically necessary. Prepayment for mileage may be provided for drivers who transport clients.
Texas Commodity Assistance Program (TEXCAP) – Distributes a portion of the nation’s agricultural abundance to low-income and unemployed persons and households.
Breast and Cervical Cancer Control Program – Provides eligible women aged 50-64 free mammograms, pap tests, colonoscopy, biopsies and other diagnostic procedures, breast examinations, client education, and public information. For more information call 1-800-452-1955.
In addition to the government and state programs listed above, there are a number of private non-profits offering financial support for cancer patients.
American Cancer Society: The American Cancer Society is a global organization with more than three million volunteers. The American Cancer Society’s efforts have been attributed to a 20 percent decline in cancer death rates in the U.S. since 1991, and a 50 percent drop in smoking rates. They invest in cancer research and ensure that people facing cancer have the help they need. They offer a cancer helpline, free rides to cancer treatment and assistance with lodging if treatment is far from home.
Cancer Care: Nonprofit organization that provides financial assistance to those dealing with cancer. They help with connecting individuals with cancer and in need with other financial assistance resources. They provide necessary funds for transportation, home care, and childcare.
Cancer Financial Assistance Coalition: A coalition of 14-member organizations, including the American Cancer Society, the Leukemia and Lymphoma Society, the Lymphoma Research Foundation and many more. These organizations have bonded to offer resources for cancer patients who need financial assistance with treatment. They provide specific help based on the patient’s diagnosis, the patient’s need and the patient’s geographic location.
HealthWell Foundation: HealthWell provides patients living with chronic and life-altering illnesses, financial assistance in paying for prescription drug copayments, deductibles, and health insurance premiums.
Leukemia & Lymphoma Society: LLS offers free education and support for patients, survivors, families and healthcare professionals in the area of blood cancer. They advocate for blood cancer survivors and their families, help patients navigate cancer treatments and assist patients with access to quality, affordable and coordinated care.
Lymphoma Research Foundation: The Lymphoma Research Foundation (LRF) offers a financial assistance program for people currently undergoing treatment for lymphoma. LRF may be able to assist with some specific quality-of-life expenses.
National Marrow Donor Program: Help patients and their families understand the donor search process, navigates insurance coverage and financial options, and prepares for life after transplant.
Patient Advocate Foundation Co-Pay Relief: National organization providing direct financial assistance to assist with prescription drug copayments.
Patient Advocate Foundation: Patient Advocate Foundation’s Colorectal CareLine is designed to provide assistance to patients who have been diagnosed with colorectal cancer and are seeking education and access to care. Provides professional case management services to patients with chronic, life threatening and debilitating illnesses. PAF case managers serve as active liaisons between the patient and their insurer, employer and/or creditors to resolve insurance, job retention and/or debt crisis matters as they relate to their diagnosis.
Sarcoma Alliance: The Sarcoma Alliance offers financial support in the form of grants. The Hand in Hand: The Suzanne Renée Leider Memorial Assistance offers financial assistance (up to 500$) for second opinion consultations by reimbursing expenses related to travel, phone bills, costs of the evaluation, and related expenses. The Assistance Fund does not pay for ongoing treatment subsequent to the second opinion.
About Fifth Season Financial: Fifth Season Financial provides financial solutions for patients with late stage illnesses. FSF works with patients who have diagnoses of aggressive stage II, III or IV cancers, congestive heart failure, COPD, ALS, MLS and other serious life limiting health conditions. The Funds for Living and Giving Program provides patients with financial relief by offering loans secured entirely by the patient’s life insurance policy. Unlike many of the programs listed above, the money can be used in any way with absolutely NO restrictions. Moreover, there are no application fees, hidden costs or new medical exams, and there are no out of pocket payments. The Funds for Living and Giving Program is designed to give help reduce the financial stress associated with illness. Fifth Season Financial is licensed consumer lender in business since 2007 and a member of the Better Business Bureau. Over the past several years, FSF has provided more than $75 million in financial assistance to nearly 400 families.
Relieve financial stress with the FLAG Program, a viatical alternative that uses your life insurance for a cash advance