When you have completed your fact-finding mission, you will have a better idea of what to expect with regard to the financial cost of cancer care. You may also want to consider a professional financial planner to help you get a clearer picture of your financial health and outlook. A financial planner will work with you to review all of your finances — your job benefits, income, investments, insurance and all your expenses. There are financial planners that have particular interest or expertise in working with cancer patients.
Keeping accurate records is vital to managing your cancer-related finances. Organizing medical bills, insurance claims, and payments can help you and your loved ones better manage your money and lower your level of stress. If you already have a system for handling your budget and expense records, this may be relatively easy. If you are not accustomed to closely monitoring your finances, there are many resources available to you as you will see in other sections of this site.
- Get a notebook to record all of your expenses, conversations with the insurance company, doctors appointments, exams, and other pertinent information (date, time and with whom, what they said and contact information, how long spent on the call).
- Get an accordion folder to help you file things so you can find them easily.
- Pick a certain day to be ‘health care bill day.’ Use this allotted time to work on the task of keeping everything organized. This will help to compartmentalize the task and keep it from taking over your everyday life.
- Identify an easily accessible place in your house that will not be disturbed by others where you can store your bills, paperwork, and other items.