When you experience a life-threatening illness like cancer, you might not expect to have to pay anything to survive. However, it may soon become apparent that you may need to talk to financial planners to help you manage the costs of treatment that can end up costing tens of thousands of dollars if it’s unfunded or not covered by private insurance.
According to a Consumers Health Forum of Australia report, half of Australians living with cancer have experienced related costs of over $5,000. One in four cancer patients had to pay over $10,000 in two years, and one in three spent between $2,000 and $4,999 on their care.
When you’re faced with the prospect of being able to possibly increase your chances of survival by spending this money, it can be a no-brainer for most people. That’s why many people start finding money to cover their treatment in some of the following ways: