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Lorie Konish - November 2019
According to the Fred Hutchinson Cancer Research Center in Seattle, cancer patients are 2.5 times more likely to file for bankruptcy after they are diagnosed. Financial pain points include high tabs for therapies, out-of-pocket insurance costs and loss of work during and after treatment.
This is likely not a surprise to many cancer patients and survivors but with this research, practitioners are understanding there isn't a one single solution to the complex problem. A pro bono program provided by the Foundation for Financial Planning is helping pair patients who are suffering from the financial toxicity of cancer with financial advisors.
Now in it's second year, the program intends to serve 500 families in 42 states by the end of the year. Next year they plan to serve 1000 families.
For more on the program and services, click here.
Original source: www.cnbc.com