A Partnership to Provide Financial Assistance to People Coping With Cancer
White Plains, New York (PRWEB) October 16, 2014 -- Continuing their ongoing commitment to the community, Triage Cancer and Fifth Season Financial have teamed up to spread the word about an option for people coping with cancer to regain some financial stability.
According to the Institute of Medicine, “the cost of cancer care…is rising faster than many sectors of medicine— having increased to $125 billion in 2010 from $72 billion in 2004… making cancer care less affordable for patients and their families and are creating disparities in patients’ access to high-quality cancer care.” While the changes brought about by the Patient Protection and Affordable Care Act (ACA) are a step in the right direction of providing adequate health insurance coverage for individuals, people still end up in devastating financial situations after a cancer diagnosis. Perhaps they had to take time off from work for treatment and recover, or they were unable to go back to work, and therefore, their income has been reduced. Additionally, there are co-payments and other out of pocket costs associated with a cancer diagnosis. One recent survey of patients with health insurance found that in an attempt to deal with the financial distress: “70% of patients reduced leisure activities, 48% withdrew savings, and 18% sold possessions.”
“We’re proud to work with Triage Cancer in helping families navigate the myriad of health and financial issues they face when confronted with cancer, “ said Adam Balinsky, President of Fifth Season Financial. “We see first-hand how relief of financial pressures can have a measurable positive effect on a cancer patient’s medical prognosis.”
Through this unique partnership, Triage Cancer and Fifth Season Financial hope to provide people coping with cancer a viable option to deal with the financial strain a cancer diagnosis can cause, while at the same time, ensuring that people’s loved ones are taken care of in the event of their death.
“We hear from people all over the country that the status of their financial health makes them feel hopeless and overwhelmed. Which is why partnering with Fifth Season Financial made so much sense. Through this partnership we can help spread the word to people coping with cancer that there may be an option other than depleting one’s savings or declaring bankruptcy, while still providing their loved ones with something upon their death,” said Joanna Morales, CEO of Triage Cancer.
For more information about Triage Cancer’s work and upcoming events, please visit: http://www.TriageCancer.org. For more information about Fifth Season Financial and the “Loans for Living” program, visit http://www.fifthseasonfinancial.com.
About Fifth Season Financial, L.P.
Fifth Season's mission is to partner with persons facing advanced stage diseases in order to help them regain control over their financial situation. The need for financial help and access to discretionary funds for people with advanced stage diseases is overwhelming. Fifth Season has partnered with more than 300 patients and their families’ and provided over $50 million of loans through their “Loans for Living” program. For more information about Fifth Season Financial and the “Loans for Living” Program, please visit http://www.fifthseasonfinancial.com.
About Triage Cancer
Triage Cancer is a national, nonprofit organization providing information and resources on the full spectrum of cancer survivorship issues to patients, survivors, caregivers, advocates, and healthcare professionals, through a national Speakers Bureau, educational events, and online tools. Triage Cancer also offers an educational blog at http://www.TriageCancer.org/blog.
Adam Balinsky, Fifth Season Financial, http://www.fifthseasonfinancial.com, +1 (914) 437-9588, [email protected]
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