Are younger cancer patients at higher financial risk?

Studies suggest so. The National Cancer Institute reports that a younger age at the time of cancer diagnosis increases the risk of financial toxicity, the money problems related to the cost of care.

There are a few reasons. Younger people may have less savings and fewer assets to fall back on. They may have other financial responsibilities, such as raising children. And they are not yet eligible for Medicare, which is generally for people 65 and older, so they may be uninsured or have a high-deductible plan with high out-of-pocket costs. Survivors of childhood cancer may also be more likely to face money problems later, since a childhood diagnosis can affect education and job opportunities.

If you are younger and worried about costs, you are not alone, and help exists. Asking your care team, a hospital social worker, or a financial navigator early can connect you with programs and cost-saving options.