First Moves When Newly Diagnosed: Getting Ahead of the Financial Game

As you will find out, cancer is an expensive disease. And as a result, cancer patients are more likely to find themselves burdened with financial toxicity. We recommend you learn about your disease and the ongoing treatment, including:

• Prescription costs
• Lab tests and procedures
• Doctors involved in your care
• Their practice locations
• Healthcare travel requirements
• All associated costs

Contact Your Health Insurance Company

Contact your health insurance company get to know your coverage. The earlier you can do this, the better off you’ll be in the long run. Then establish a budget to help you manage your cash moving in and out.

Identify Your Healthcare Contact Team

Find out who will be your contact team at your healthcare provider’s office. Introduce yourself to those people and get their contact information. It’s better to be prepared ahead of time than to go hunting in a crisis.

Stay Organized

Use Binders to Keep Records

Get a few binders to keep notes in as well as medical bills and EOBs. Getting organized ahead of time will pay off in huge dividends later.

Gather Employer Benefit Information

If you’re still working, get a copy of your employer benefit booklet. This will provide you with the information you will need in the event you must take time off for treatment as well as other benefits that your employer offers.

Review Insurance and Financial Planning

• Make a binder to keep track of your medical bills and evidence of benefits (EOBs) so that everything is organized.
• Review your life insurance and understand its benefits.
• Work with a financial advisor to help you with your budget and ongoing financial needs and goals.
• Find an advocate who can accompany you on appointments and who can take notes on your behalf.