Five financial things every breast cancer patient needs to know and probably doesn’t

Stephanie McKire, 60, knows how expensive cancer can be.

When she was diagnosed with breast cancer in February 2012, McKire, now retired and living in Detroit, was a quality engineer and had employer-sponsored health insurance. She soon found that, even with insurance, the copays and costs of medication and therapies added up to thousands of dollars.

McKire says people don’t realize that the cost of cancer treatment can linger even after that treatment has ended.

She is still paying off the treatment from her original diagnosis as well as a recurrence earlier this year. It will take another three years to close out her debt.

The Financial Side Effects of Cancer

Financial Toxicity

130% increase in financial difficulties for patients in active treatment

Job Loss

Between 20-30% of women diagnosed with breast cancer will lose their jobs

Bankruptcy

10M will be unable to pay for rent, food & utilities because of medical bills

Impact on Savings

76% of full time workers nationwide live paycheck to paycheck

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