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

Forgotten your password? Reset it here.

Macmillan Cancer Support reveals the true financial cost of cancer diagnosis

Published on 23/05/2012

A survey by Macmillan Cancer Support has revealed that people are often unprepared for the financial cost of cancer.

Research by Macmillan Cancer Support has shown that the average cancer patient in Wales faces over £1,500 in extra costs on top of loss of income.

Their report, called Counting the Costs of Cancer, suggests that 95 per cent of patients face an increase in travel cost- an average of £275 per patient in the first year rising to £400 over five years.

An extra £400 is spent on new clothes over five years as patients change weight through chemotherapy, and wigs may be needed to cover hair loss. Energy bills also rise as the cancer patient will be at home more. Other costs include childcare and household modifications.

These additional costs come at a time of reduced income if the sufferer is unable to work. The survey revealed that 43 per cent of cancer patients in employment at the time of diagnosis experience loss of income.

Susan Morris, general manager for Macmillan Cancer Support in Wales, said the financial impact of cancer was a growing problem in Wales. At the moment, patients and their families are not routinely offered financial advice and support when they receive a diagnosis. She said:

"When people think of cancer they don't usually think of money. But the sad fact is that for many people who get cancer, money is one of their biggest worries."

The charity is urging the Welsh government to ensure all cancer sufferers are given financial advice when diagnosed with the disease.

The charity also highlights that UK government changes to the welfare system means that their benefits may be cut. People who are worried about losing their income through long term health problems like cancer should consider investing in income protection.

Income protection insurance will replace your monthly income if you are unable to work due to accident, sickness or unemployment, giving you essential financial security as you get better. For more information take a look at our page on income protection.

© ActiveQuote Ltd. 2012

Categories:  Income ProtectionHealth
Macmillan Cancer Support reveals the true financial cost of cancer diagnosisA survey by Macmillan Cancer Support has revealed that people are often unprepared for the financial cost of cancer. Research by Macmillan     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

I found the quality of service to be very helpful, and pretty much above my expectation. I'd recommend anyone to use ActiveQuote.

Review centre member

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
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 ...