Planning Ahead Means Lessening Your Family’s Burden

The American Academy of Estate Planning Attorneys says it best, “Humans have a 100 percent mortality rate.” Because of this, it only makes sense to accept what the future will bring. Participating in the funeral planning process is one way you can do this while also lessening the burden on your surviving loved ones. So, keep reading as we touch on the basics of how to handle the practical aspects of an event you cannot postpone when the time comes.

Paying for a Funeral

Funerals cost money; a final farewell can set you back $10,000 or more. Fortunately, if you plan ahead, you don’t have to leave a big bill for your loved ones to settle on your behalf. The two most popular options are to invest in burial insurance or to prepay your funeral. 

Burial insurance makes sense if you do not know which funeral home you want to handle your service. These types of policies may even have enough left over so that your spouse or adult children can pay off medical bills and any unfortunate debt that you left lingering. Look for a company that specializes in final expense policies. One example is Lincoln Heritage Life Insurance, which is the insurer responsible for the popular funeral advantage program. By working with a representative that only deals with burial insurance, you won’t have to worry about purchasing other products that you don’t need.

If you’ve lived in an area your entire life and plan to pass away there, it might make more sense to contact your funeral home of choice and ask about pre-need services. This gives you more control over what happens after you die. You can choose your own coffin, music, and even arrange for a certain hair or makeup style. While it might seem unsettling to participate in planning your own funeral, just remember that otherwise, your loved ones will be left trying to guess your wishes, which will only add to their emotional burden.

Types of Funeral Services

Regardless of the way you choose to pay, you should have an idea of what you want ahead of time. There are no rules or regulations that define how your funeral service has to be carried out. You might choose to have a traditional burial service, which typically lasts three days, two days for the viewing and a final memorial before heading to the cemetery. However, as Love Lives On explains, a funeral service is often centered on cultural or religious beliefs. Keep this in mind, particularly if your religious preferences forbids embalming, as many funeral homes have strict restrictions on how long a body may lay in wait without preservation.

In lieu of a traditional wake and burial, you might choose a simple graveside service with a memorial at a later date. In this case, your burial insurance might help cover the cost of internment and leave enough money aside for your family to host a large gathering.

Cremation is another option, which is much less expensive than a traditional burial. If you choose to be cremated, you will have greater flexibility on where your ashes settle after the process. Often, this is in a decorative urn, but many people request to have their ashes scattered on their home estate, a favorite golf course, or a national park. Contact your desired location before writing this into your final wishes so that your loved ones are aware of whether a permit is required. Keep in mind that you will have to ask permission and, in the case of a burial at sea, you must use a biodegradable urn and report the event to the EPA within 30 days.

While nothing can replace your life, having your final arrangements in place – and having them paid for – now is one of the best things you can do for your family. Dealing with death is never easy, but handling a loss while also struggling to pay the bills and plan for the future is doubly stressful. Don’t be afraid to open up the conversation now. Death does not wait, but planning ahead will allow your loved ones to focus on saying goodbye.

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Cancer: An Unexpected Expense

Cancer: An Unexpected Expense

Cancer takes a toll on more than your mind and body. It can quickly eat through your savings, even if you have exceptional health insurance.

Planning for treatment

While you certainly did not plan to get cancer, knowing more about the treatment process can help you better plan to cover associated medical expenses. These may include:

  • Clinical visits
  • Urine, blood, and other lab tests
  • In-office procedures
  • Equipment charges
  • Imaging tests including MRI and CT scans
  • Radiation treatment
  • Radiologist fees
  • Prescription and non-prescription drug costs
  • Hospital stays
  • Surgery and associated fees
  • Home care
  • Insurance co-pays

Outside of treatment, you may also find that you are out of pocket for everyday living expenses that you would not have incurred without a cancer diagnosis. Things such as child care and transportation fees must also be considered.

Talking to your health care team

It’s important that you address financial concerns with your cancer treatment team. You can bring this up with your doctor by pointing out that you are not sure if you can afford their suggested treatment and if there are alternatives that may be as effective. You should also ask if any of the services needed require preapproval and if you will be allowed to recover from surgical procedures at home versus in the hospital.

Paying for your medicine

Depending on the type of treatment needed, you may be prescribed oral chemotherapy, which may also be referred to as targeted therapy. Cancer medication taken by mouth offers the same level of effectiveness as intravenous medicines and is more convenient. They are, however expensive and can cost $1,000 or more per treatment and may not be covered by your insurance. Before agreeing to any treatment, confirm coverage eligibility. The vast majority of pharmaceutical corporations offer patient assistance, which your health care team can help you locate. U.S. News & World Report estimates that cancer drugs and supportive care treatments to counter the side effect of chemotherapy costs Americans more than $43 billion annually

When insurance isn’t enough

Although the Affordable Care Act cannot deny a cancer patient insurance, benefits or associated payments, depending on your policy, there can be a significant gap in what’s covered and what’s not. Asbestos.com estimates that chemotherapy can run as high as $30,000 for an eight-week treatment course. Even if you have zero co-pay and 20 percent coinsurance, you may still be out of pocket $6,000 or more. And this doesn’t even consider issues that can arise due to cancer treatment. Specifically, those that affect your oral and ocular health.

 

Depending on your age or qualification as disabled, you may be able to enroll in a Medicare Advantage plan, which provides supplemental dental and vision insurance, which can ease that burden. It should be noted that enrollment periods for Part C are limited to a seven-month timeframe near your 65th birthday or within 24 months of disability. Learn more about Medicare Enrollment and benefits here.

You may be eligible for numerous government and private benefits if you need help paying for certain aspects of treatment. For example, if you must travel for treatment, you may find respite at a Hope Lodge, such as the Memorial Foundation Hope Lodge in Nashville, which is part of the St. Thomas Health network. Your health care team may also be able to point you in the direction of no-cost mastectomy products or counseling services in your area.

 

Another financial impact of a cancer diagnosis, especially when terminal, is the cost of a funeral. While it is difficult to face, you can ease the burden on your family by investing in prepaid arrangements. This will ensure they are not spending unnecessary money out of grief on services and funeral enhancements that are not needed

For additional information on the types of treatment available and how to manage the associated expenses, visit the American Cancer Society online.

Pre-grieving a Terminally Ill Loved One

Pre-grieving a Terminally Ill Loved One

End-of-life care is a complex situation that heavily weighs upon the terminally ill patient and caregivers. On the medical side, teams are put in place to reduce pain and increase comfort for the dying patient. There’s also the non-medical caretaker side of end-of-life, which often has loved ones, such as children of a terminally ill patient, feeling overwhelmed with stress and often neglecting their well-being. A primary concern of end-of-life care revolves around “anticipatory grief,” which is the process of pre-loss grieving.

Anticipatory grief explained

Anticipatory grief is similar to the usual process of grieving except it happens before death occurs, so there are additional phases. And depending on the length of the death process, these stages can linger, restart and be revisited. The first pre-grief stage involves realizing the inevitability of death. This first phase occurs when a healthcare provider gives the sad news that a cure is not likely. Sadness and depression mark this initial phase.

The next stage involves a significant amount of concern for the terminally ill person. This concern could be over a dying person‘s feelings or fear of death, and can also involve regret about past interactions with the dying loved one.

A third phase arises when death appears imminent, so loved ones begin to make arrangements. Sometimes, this stage can be harrowing, especially when caregivers ready themselves for the worst but the end does not come.

The final phase occurs when caregivers and loved ones begin to think about what their lives are going to be like without the person in it anymore. Depending on the age of the terminally ill patient, the feelings can range from a certain amount of guilt over feelings of relief to utter devastation.

A professional care team can significantly assist in navigating these phases of the end of life. This team can include nurses and mental health professionals. A palliative care nurse may best be able to assure you that the patient’s pain is being reduced as much as possible. If the terminally ill person is spending their last days at home with hospice care, then the hospice care nurse may be able to assist you in preparing for the end.

It’s essential for caregivers and loved ones to be aware of their vulnerabilities and potential for burn out. The following are signs of caregiver stress:

  • Experiencing mood swings

  • Becoming physically ill

  • Gaining or losing weight

  • Avoiding socializing

  • Making caregiving not only your full-time job, but your 24-hour-a-day identity

 

It’s important to note that the younger a caregiver is, the higher the risk becomes that pre-loss grief will be complicated. Younger people still often possess strong feelings of invincibility that can be shattered by experiencing the death of a loved one from the close perspective of caregiving. Physicians are increasingly attuned to this problem, fortunately, and the team approach to end-of-life care almost always includes support for the caregiver.

There are no easy answers when dealing with a terminal illness, but the goal of dignity and dying can be reached if your available resources and support mechanisms are used. As HomeAdvisor notes, “After all, that’s what it’s all about: caring for your loved one and treating him or her as you would want to be treated. As long as we show kindness and compassion to our loved ones throughout the process, they will be able to say goodbye with the dignity they deserve.”

 

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