Having medical insurance is a good thing, right? An article recently published by Oncology Nurse Advisor has revealed that insured cancer patients may experience financial distress.

Sometimes insurance isn’t enough to cover a person’s medical procedures, especially for mesothelioma patients. The cost of treatment is very expensive and sometimes unexpected finances can throw a patient a curveball.

Financial Distress Study

Image of a piggy bank and money with a stethoscope According to the study, insurance doesn’t help with lessening the burden on many cancer patients. By conducting a survey, researchers collected responses from 300 patients. These individuals were receiving therapy at 3 rural oncology clinics.

The information that was collected from each patient was their
  • Diagnosis
  • Socioeconomic status
  • Finances
  • Treatment
Of the 300 patients, “Thirty-nine percent of the patients expressed that the financial burden of cancer therapy was higher than expected,” stated the article.
Some of the factors that were associated with this financial burden were
  • Household income
  • Quality of life
  • Age
  • Employment/Unemployment
The study concluded that “…patients who had higher than expected financial burden were less likely to pay for their care.”

It also noted that the higher a patient’s financial burden was, the more they experienced higher or overwhelming stress from their finances. When it comes to combating any type of cancer, an individual’s finances should be the last thing on their mind. Patients should be more focused on their health and recovery.

Rising Treatment Costs

Sometimes even the best insurance plan may not cover all of the costs that are associated with mesothelioma treatment. Unfortunately, this means that a patient may have to pay some out-of-pocket expenses.

It is important that patients keep up with all of their medical expenses. In some circumstances, an individual may be reimbursed by their insurance company.

According to a paper that was published by oncologists at Mayo Clinic, “Americans with cancer pay 50 percent to 100 percent more for the same patented drug than patients in other countries.”

To learn more about rising cancer costs and this article published by Mayo Clinic, check out this video.

Did You Know?

8 weeks of chemotherapy treatment can cost a patient anywhere from $100 to $30,000.

3 Options That Can Help Pay for Mesothelioma Treatment

According to an article published by National Public Radio, “new cancer drugs commonly priced at $100,000 a year or more is becoming increasingly common.”

Many patients may delay or skip their treatment. In fact, 20-30% of mesothelioma patients do not receive any type of treatment. There are resources that can help with the burden of unexpected medical expenses.

  • 1
    Clinical Trials

Since mesothelioma is such a rare cancer, researchers are constantly looking for new ways to treat it. In some circumstances, a patient may be able to participate in clinical trials that pioneer new treatment methods.

microscope imageSince clinical trials are considered experimental, qualified patients typically get to participate in them for free. Unfortunately, some medical expenses may still occur for a patient, such as doctor visits outside of the trial.

Have you considered participating in a clinical trial? Let us help you get connected to the right trial.

  • 2
    Asbestos Trust Funds

Bankrupt companies have trust funds set up that compensate victims of asbestos exposure. There are over $30 billion that is available to patients and their families.

justice iconTo have a peace of mind, a patient should consider hiring an experienced asbestos attorney. A mesothelioma lawyer can make the process of filing a claim stress-free. They can also guarantee that you receive the compensation that you deserve.

Have you been struggling with finances due to your treatment expenses? Let us help you get connected to a qualified lawyer now.

  • 3
    Charitable Organizations

There are many resources that can help a mesothelioma patient while they are receiving treatment. Not only can these support systems help an individual financially, but they can help emotionally.

Logo of peopleThere are resources that can help a patient with traveling and lodging. For instance, some organizations help by providing free flights. To help with hospital stays patients and their families can also get discounted housing or reduced hotel rates nearby.

It is important that patients and their families know that they are not alone. There are many patient support options that are available to assist them through this difficult milestone in their lives.

Do you have any tips or advice about paying for mesothelioma treatment?

Please share them with us in a comment below.

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    Sources & Author

  1. Managing the Costs of Your Cancer Treatment. American Cancer Society. Retrieved from: https://www.cancer.org/treatment/finding-and-paying-for-treatment/understanding-financial-and-legal-matters/the-cost-of-cancer-treatment.html. Accessed: 11/27/2017.
  2. The Average Cost for Cancer Chemotherapy Treatment. Livestrong.com. Retrieved from: https://www.livestrong.com/article/153376-the-average-cost-for-cancer-chemotherapy-treatment/. Accessed: 11/27/2017.
  3. What Does Cancer Cost the Patient and the Family: A Cost of Care Analysis. YouTube. Retrieved from: https://youtu.be/OmWn-besIWU. Accessed: 11/27/2017.
  4. Oncologists Reveal Reasons for High Cost of Cancer Drugs in the U.S., Recommend Solutions. YouTube. Retrieved from: https://youtu.be/G0Ah9Ef1ZM4. Accessed: 11/27/2017.
  5. As Drug Costs Soar, People Delay Or Skip Cancer Treatments. National Public Radio, Inc. Retrieved from: https://www.npr.org/sections/health-shots/2017/03/15/520110742/as-drug-costs-soar-people-delay-or-skip-cancer-treatment. Accessed: 11/27/2017.
  6. Insured Patients With Cancer May Experience Financial Distress. Oncology Nurse Advisor. Accessed: 11/27/2017.
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About the Writer, Nicole Godfrey

Nicole Godfrey is the Senior Content Writer for Mesothelioma Guide. She writes and edits pages to make sure that mesothelioma patients and their families receive the most current and significant information about mesothelioma.