Breast Cancer: Financial And Estate Planning Check-Up

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A diagnosis of breast cancer changes your life—but you can proactively improve your finances and add legal protection

Following a diagnosis of breast cancer take proactive financial and steps.A diagnosis of breast cancer will affect every aspect of your life, not just health issues. It will affect finances, life expectancy, insurance coverage, and estate planning steps. While comprehensive proactive planning to address some of these issues before a specific diagnosis is received would be ideal, the reality is that too few consumers address these matters until the reality of cancer occurs.

What’s the anticipated financial cost of the treatment course? What insurance coverage do you have, and how much of the costs might it cover or not? Some treatments are so costly that the phrase “financial toxicity” has been used to describe the consequences.You should identify some of the information you’ll need to understand and convey to your advisers.

Timing of your diagnosis and the insurance plan year. If you start treatments early in the plan year you might have more out-of-pocket costs then had it been later in the year when your regular medical costs had used up much of your deductibles. Be certain that you have the components of a comprehensive financial plan in place. These might include:

 

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