Financial Tips: How To Prepare For Radiotherapy Cost In Singapore

How To Prepare For Radiotherapy Cost In Singapore

While being regularly used to treat cancer, radiation can be costly. Radiotherapy cost in Singapore can range from a few thousand dollars to tens of thousands of dollars depending on the type and length of therapy required. To minimise unforeseen financial constraints, you must be financially prepared for radiation.

The following financial advice will help you prepare for Singapore’s radiation charges.

1) Know your insurance coverage

Before starting radiotherapy, it is essential to know what your insurance covers. Check with your insurer about your policy coverage and the types of treatments that are covered.

Ensure you understand the terms and conditions of your policy, including any exclusions, deductibles, and co-payment requirements. If your policy does not cover radiotherapy therapy or only a portion of the cost, consider upgrading your policy or purchasing additional coverage.

2) Research the cost of radiotherapy

The cost of radiotherapy can vary depending on the type and duration of treatment required. Do your research and find out the estimated cost of your treatment plan.

It will give you an idea of how much you need to prepare financially. You can also check with different hospitals or clinics to compare prices and find the most affordable option. So, talk with your oncology doctor to know the treatments you must pay for in the long run.

3) Create a budget

Once you have an idea of the cost of radiotherapy, create a budget to manage your expenses. Include all the costs associated with radiotherapies, such as consultation fees, diagnostic tests, medications, and follow-up appointments. Make sure to also account for additional expenses, such as transportation and accommodation, if necessary.

You can also ask your radiation oncologist in Singapore how much you need to save for continuous treatment.

4) Consider alternative payment options

If unable to pay for radiation therapy upfront, consider alternative payment options. Some hospitals or clinics offer instalment plans or financing options to help patients manage the cost of treatment. You can also consider using your Medisave for Medishield Life accounts to pay for part of the cost.

5) Seek financial advice

If you are unsure how to manage the cost of radiotherapy, seek financial advice. Consult a financial advisor or speak to a social worker at the hospital or clinic. They can provide information on the different financial assistance schemes available and help you create a financial plan to manage your expenses.

You can follow the tip above to improve our financial situation. After this, you can focus on your radiation therapy in Singapore. Visit Dr Johan Tang today to learn more about their treatments.

Contact them for your consultation.