Cancer and Financial Toxicity - Managing the Cost of Cancer Care Medical Insurance Issues

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06/28/23

Cancer is an expensive medical condition to treat, and most patients will need ongoing follow-up care after the completion of treatment, often for years. Unfortunately, it is very common for patients to deal with financial stress along this entire journey. The term financial toxicity is used to describe the treatment-related financial strain experienced by patients with cancer, however we know the financial impact goes beyond active treatment. This series of presentations will address the many factors that can contribute to financial toxicity, identify strategies to manage debts, tips for reducing financial burden and outline financial resources that can help.

Whether you have medical insurance or not, it can affect your risk of financial toxicity. Even with health insurance, the out-of-pocket costs for your cancer care may still be overwhelming. This session will review commonly used terms related to medical insurance coverage, describe typical reasons why insurance claims may be denied, tips for keeping your medical and insurance “paperwork” organized and identify ways to help you make the most of your insurance coverage.