It has been two years and three months since my cancer diagnosis. Cancer treatment is expensive. Fortunately, I have very good insurance. However, the biggest financial cost for me was missing time from work. As a self-employed person, I have no sick leave, no disability leave, no vacation leave, and no holiday pay. Also as a self-employed person, I am not eligible for unemployment benefits. In other words, when I don’t work, I don’t earn money. The end.
I accrued a significant amount of debt. As a person who had paid off credit card balances in full every month, for decades, this was disconcerting. My husband and I work hard to have our house mortgage be the only debt that we have. And even our mortgage was refinanced a few years ago so that we could change from a 30 year to a 15 year pay off time. When I bought a new car in 2010, I put down half of the total price and then paid off the rest within 14 months, on a 36 month long loan. Again, we don’t like to be in debt.
Today I paid off my credit card, in full, for the first time in at least a year.
I think I will go celebrate by buying something expensive! (I kid, I kid, I kid.)
Seriously, health care costs are out of control in our country. I am in a much better financial situation than most people. I don’t know how other people do it.
I live in the UK where we have an NHS meaning health care is free. I think it is a brilliant (but often exploited) system, and I can’t fathom the thought of someone dying because they couldn’t afford healthcare. I’m very glad that money is not a major worry for you, and I wish you well in your cancer treatments in the future 🙂
The American health care system always shocks me….
It shocks me, too and I live here!
So happy you paid off your credit card. That’s a biggie.
Thanks, Mom!
Congratulations! That is a fantastic accomplishment.
While our Canadian healthcare system may have some warts, my entire cancer treatment and five years of followup are covered. We pay $126/month for medical coverage. Prescriptions and most third party services are user pay. Our wait times may be a little longer but I’ve had CT scans, for example, within a day of being requisitioned. If the wait time is too long, I still have the option of paying at a private facility for certain tests and procedures.
I hope you are completely over any major medical issues and you can continue to pay off that credit card every month. Good job!
Nelson, I am so sorry that you’ve had cancer treatment! But I am happy that you live in a country that makes more sense when it comes to healthcare. As both a cancer patient and a healthcare provider, I am perplexed by the convoluted system we have that keeps many people uncovered. The actual cost of medical treatment for me was approximately $5000/year for two years, not including my monthly insurance premiums. Once again, my main cost was lost income for the time in which I was not able to work. As a self-employed person, that is, someone who owns her own business, I got nothing. How does that work in Canada? Do you know?
Thanks so much for your readership and encouragement. I wish you the very best in life, Nelson.