The financial burden of cancer impacts those from all socio-economic backgrounds. The loss of income and additional medical expenses can make it impossible for families to stay on top of their everyday bills. New Day is helping all types of families manage this impact.
Meet a Metro Detroit-area family of five. Dad has Bachelor’s degree, works full-time; Mom has Master’s degree and worked full-time until she was diagnosed with metastatic breast cancer. They are homeowners and have three children ages 9, 8 and 5. Mom was diagnosed with breast cancer in 2015, and had a reoccurrence in 2019 when she was diagnosed with stage IV breast cancer and secondary bone cancer.
Mom’s cancer diagnosis resulted in over $19,000 in medical expenses for the year…and that wasn’t even the worst of it. The family also lost $43,000 in household income due to Dad’s lost income and Mom moving from full-time to part-time employment. These losses slashed the household budget 50% — from $124,000 a year to $62,000 a year.
New Day was proud to help this family navigate the unexpected financial challenges a cancer diagnosis can bring. Click the link below to learn more about this story.
This Metro Detroit area single dad has three children, ages 5, 7 and 14. He has an Associates degree, works full-time and is a homeowner with a mortgage. In August 2019 he was diagnosed with Stage 3, nasopharyngeal cancer. He began treatment in September 2019 and is scheduled to continue treatment until at least mid-2020. Dad’s diagnosis required medical attention and treatment that included chemotherapy, radiation and surgery. Cancer treatment and related out-of-pocket expenses reached $8,295 in 2019.
Dad earned a full-time salary of $52,000, but cancer meant that he had to reduce his work schedule resulting in a loss of income of $17,680 on top of the additional medical expenses. He also pays $600 per month is child support — which does not get put on hold due to illness. This father was not able to pay child support and his household bills as a result.
New Day was proud to step in and assist this single parent in managing the financial burden of cancer. Click the link below to learn more about this story.