Credit.com: How to control medical debt after a cancer diagnosis

Many Americans struggle with medical expenses. One in five Americans who have health insurance struggle to pay off their medical debt. For cancer patients with insurance, out-of-pocket costs can reach $12,000 just for one medication and average treatment costs can hit $150,000, according to the Kaiser Family Foundation. And tragically, cancer patients are 2½ times more likely to declare bankruptcy than people without cancer, AARP Magazine reports.

For cancer and other diseases that require long-term care, that financial concern is too real. To stay ahead of your medical payments and keep treatment as your first priority, understanding what options you have and what your expenses may be can help protect against financial hardships during treatment.

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