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Mesothelioma can be an expensive cancer to treat. Patients and their families and friends can wind up spending tens of thousands of dollars on medicine, surgery, and other related costs in a bid to overcome mesothelioma.
One of the last things most people want to do is go deep into debt while battling a deadly disease. However, most people have limited resources, and even having insurance doesn’t necessarily protect you from high treatment costs. Finding enough money to pay for cancer treatments can be challenging, especially when they might still be supporting a family.
Below are some less common ideas for making medical payments that have worked for some people.
Although the term “crowdfunding” is new, the idea goes back hundreds of years. In centuries past people would turn to social groups such as churches, clubs, alumni associations, and even neighbors to help them pay for medical treatments and other necessities. A lot of these avenues still exist today, such as benefits being held at many local venues.
However, the Internet has made it even easier for people to ask for money for a variety of things. In particular, crowdfunding medical expenses has worked in a number of high-profile cases, such as for victims of the Boston Marathon bombing. Even in less prominent cases, many people have been able to pay off a good chunk of their medical bills by turning to crowdfunding options.
Some sites like YouCaring, GiveForward and Watsi specialize in charitable crowdfunding, while many broader crowdfunding sites have special sections specific to medical expenses. In addition to providing an opportunity to pay for medical expenses, many such sites also provide updates and help patients stay in touch with donors to give additional emotional support on top of the financial support.
When thinking about medical bills and insurance, typically people focus on medical insurance. However, depending on your situation, you may be able to use an existing life insurance policy to help pay for long-term care.
Specifically, in-force life insurance policies can often be converted into a long-term care financial account that pays a monthly amount. You won’t receive the entire amount of the policy’s value for end-of-life care, as some will be held back for its original purpose. Nonetheless, it can provide much-needed cash flow to pay bills and purchase daily needs that otherwise might be difficult to make.
is option may not be the best for everyone (e.g., people whose policies have very high or very low values). However, it is an option worth exploring, especially if your monthly bills are adding up to the point where it’s getting hard to make the premium payments.
When going through a difficult disease with a long-term treatment, it’s understandable that you may not want to take on a challenging legal case as well.
However, certain diseases like malignant mesothelioma are extremely preventable. In most cases, mesothelioma is caused by prolonged exposure to asbestos (or one of a few other substances), and many times that exposure occurs without the awareness of the victims and their families.
The most important thing is to make sure you and your family are covered during your treatment and recovery. The best way to do this is to talk to experienced lawyers who can help determine whether a settlement may be available for you.