It can be difficult for someone diagnosed with cancer to navigate the various financial resources available to him or her. Even with private health insurance, government-funded insurance plans and nonprofit aid, most cancer patients still need additional financial assistance.
A 2011 study by Duke University showed the average cancer patient in the US pays over $8,500 a year in out-of-pocket medical expenses not covered by insurance. Besides the cost of treatment and procedures, additional expenses such as transportation costs, expensive diets or physical therapy add to the staggering bill.
What’s worse is that cancer expenses often affect the financial well being of the cancer patient and his or her family. Bankruptcy is one of the most common ways large medical bills can hurt an entire family. And studies have shown that bankruptcy rates are nearly double among cancer patients one year after diagnosis than they are for the general population.
This fundraiser is meant to help those in our community that are in need of those medications and services, yet cannot afford them. This fundraiser could help a loved one or a friend battling cancer and can help raise additional money for cancer treatment while providing a platform for the community to give financial and emotional support.