All of us know someone whose world has been shaken by cancer, heart attack or stroke. Maybe it was a friend or a loved one. Regardless of who it was or when it was, we all know the financial impact of these illnesses.
 

According to the American Heart Association, Cardiovascular Disease (CVD) remains the leading cause of death in the United States accounting for 928,741 deaths in 2020. The direct and indirect costs accounted to $407.3 billion dollars from 2018 to 2019 alone. (Heart Disease and Stroke Statistics-2023 Update, American Heart Association, 2023 Jan 25)
 

According to the CDC in 2020 there were 1,603,844 new cases of cancer reported. (Cancer data and Statistics, Center For Disease Control and Prevention, Jun 2023 8) 
Depending on the type of cancer, adult patients and caregivers in the U.S. were expected to spend somewhere between $180- $2600 a month according to a recent study conducted by Current Oncology in 2021 (The Out-of-Pocket Cost Burden of Cancer Care—A Systematic Literature Review, Curr Oncol. 2021 Apr; 28)

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Many individuals who are living on fixed incomes find it hard to pay their existing bills--let alone when one of these illnesses is diagnosed. Whether you selected an Original Medicare plan or a Medicare Advantage plan--a stand alone lump sum cancer or critical care plan can help with paying toward your out of pocket coinsurance and copayments when you and your family need it most! 

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