A comprehensive cancer savings plan should include:
Emergency Fund: This should cover at least 3-6 months of living expenses to mitigate any sudden financial disruptions. Health Insurance: Ensure you have adequate health insurance coverage. Understand what your policy covers and any out-of-pocket expenses you may incur. Out-of-Pocket Maximum: Save up to the out-of-pocket maximum specified by your health insurance plan to avoid unexpected financial strain. Income Protection: Consider policies like disability insurance that can replace a portion of your income if you’re unable to work. Long-Term Care: Evaluate the need for long-term care insurance, which can cover services that regular health insurance might not.
