freephone 0800 862 0373
Sign in to view your quotes
Email address:
Password or PIN:

Forgotten your password? Reset it here.

Financial burden of cancer as much as a mortgage

Published on 28/11/2013

Cancer is costing families an estimated £7,000 per year in loss of income and travelling costs, according to a new report from Demos.

Cancer can be finacially challenging

Research shows that sufferers of cancer can also suffer financially by as much as £570 a month – the average monthly cost of a mortgage in the UK. The report titled Paying the Price draws upon previous research from Macmillan and the University of Bristol.

The report found that 83% of people experiences negative financial repercussions as a result of combating cancer. The biggest impact came from the loss of earnings, which affected 30% of people.

More than 70% of people experienced additional costs due to travel to and from treatments and appointments – an average of £143 a month. A third of people diagnosed with cancer experience a drop in income, while 25% cannot afford to heat them homes up adequately.

Income protection is designed to cover up to 70% of your income if you cannot work through accident or sickness, such as cancer.

Ciarán Devane, Chief Executive at Macmillan Cancer Support, said: “As well as everything else, a cancer diagnosis can be financially crippling. It also hits when someone is at their most vulnerable.

“Sadly, there is no magic bullet because the financial challenge cancer patients face is often complex and varied. “

The report from think-tank Demos called for more flexibility for cancer patients in their employment as is given to parents and carers. It calls for a culture shift to make companies more ‘cancer-friendly’ for employees and relieve some of the financial pressure that comes with living with cancer.

Demos is also behind the initiative currently in use in Finland whereby sufferers and survivors are entitled to part-time sick leave so that they can maintain a steady income whilst reducing their workload.

Private health insurance can give you fast access to cancer treatment so you can recover as quickly as possible and can back to work as normal.

© ActiveQuote Ltd. 2013

Categories:  Income ProtectionHealth InsuranceHealthMedical
Financial burden of cancer as much as a mortgageCancer is costing families an estimated £7,000 per year in loss of income and travelling costs, according to a new report from Demos.     tweet it on twittershare with your friends on Facebookshare with your friends on MySpaceBlog it on your LinkedIn profile

No.1 health insurance broker as rated by customers

Very helpful and polite and always try their best to obtain the best quotes. Have been using them for the last 3 years and will continue to use them in the future.

Review centre member

A great service from the initial call, to finalising the agreement. I would highly recommend to my family and friends.

Review centre member

Proactive, efficient, and offered me insurance I need. I would say half price I would end up paying if I did it by myself. Many thanks.

Review centre member

Excellent service. Explained everything in detail and really helped to find the right insurance best suited to my needs - which wasn't necessarily the most expensive. 

Review centre member

Good value and the advisor was very helpful and recommended the best policy for my grandson. I would definitely use this service again and recommend to others.

Review centre member

We were contacted in good time to make a knowledgable choice. We were given plenty of options with lots of information to enable us to make the right choice.

Review centre member

The service I received was excellent, the staff member was very efficient and knowledgable. She went out of her way to get the best policy for me.

Review centre member

Great service. I really appreciated the help provided by Active Quote to arrange health insurance. The agent was very informative and proactive. Many thanks!

Review centre member

I received excellent care and attention from the first phone call till the last. Friendly, efficient and patient.

Review centre member

Staff are very helpful, friendly and polite. They call back when they say they will and keep you up to date with progress. Pleasure to deal with.

Review centre member
This site is operated by Insurance Broker ActiveQuote Ltd registered in England & Wales company number 6765845.
Authorised and Regulated by the Financial Conduct Authority (FCA). Firm reference number 501109 as detailed on the Financial Services Register. Please read our Key Facts document.
For information about your rights as a consumer visit Citizens Advice.

Our insurance comparison service is free and easy for you to use, but you are responsible for making sure all your information is entered correctly, and for choosing your insurer.

This site uses cookies in order to work correctly - these are not harmful and do not contain personal information. By using this site you consent to this. I understand  Tell me more

please wait ...