When you go to the doctor and find out you have cancer, you are likely overwhelmed thinking about how this diagnosis will affect your life, telling your family and friends, and how much treatment will cost. While the costs of your cancer treatments may seem daunting, there are steps that you can take to ensure that you get the treatment you need without losing your entire financial livelihood in the process. Get to know some of the medical funding options that may be able to help you pay your medical bills and relieve some of the stress you are feeling as a result of your diagnosis.
Medical Loans
Medical loans are often used for procedures that are not covered by insurance for some reason such as cosmetic procedures or dental and vision treatments. However, you can also apply for medical loans for other types of medical procedures.
For example, if you are interested in a treatment that your insurance company deems to be too new or experimental, a medical loan may be able to get you the financing you need to begin your treatment. These loans function much like any other installment loan.
You will have monthly payments starting immediately and will have to pay interest as well as the amount of the loan. Your credit score may require you to get a co-signer on your medical loan. And the amount of funding and number of payments is determined by the loan amount and your credit.
Crowd Funding
Another way to develop and raise medical funding to help you with your bills is to try crowd funding. Crowd funding is a relatively new development in the digital age in which people attempt to raise money for all different reasons and projects through online fundraising.
These online campaigns allow people to reach out to their friends and family for assistance as well as anyone else they can connect to through social media or that those friends and family can send to the page created for the fundraising campaign. This is an easy way to raise small or even large amounts of money without having to ask anyone for money face-to-face or apply for a loan.
None of the money raised through crowd funding needs to be paid back and all of the donations go directly to you to spend on your medical bills. Even if you only raise a small amount of money through crowd funding, it can help you to ease your stress and burden.
Now that you have a few ideas of how to pay your medical bills for cancer treatments, you can get started in figuring out your medical funding and focus on your health and recovery.
Share9 October 2015
My parents taught me healthy eating habits and I played outside a lot as a kid. Once I was old enough to work, I got a job as a waiter at a restaurant and kept waiting tables throughout high school and college. After college, I got my very first desk job, and my health started declining. I soon realized that even though I had never stepped foot in a gym, I was living a sedentary lifestyle for the first time in my life. I wasn't getting exercise playing outside or running around at work, so I decided to commit to going to the gym. My health began to improve and I now greatly enjoy bodybuilding. I know many other people are in ill health and can't figure out why, so I decided to start a blog to share my health tips and inspire everyone improve their health!
