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One in four oncologists fails to discuss genetic testing costs, study says

One in four oncologists fails to discuss genetic testing costs, study says

Health
Nov. 1 (UPI) -- Apparently, some oncologists want to avoid giving their cancer patients sticker shock -- at least when discussing genetic testing. According to an analysis performed by researchers affiliated with the American Cancer Society, nearly one in four oncologists that discusses genomic testing with their patients rarely, or never, mentions the costs of these evaluations. The findings were published Friday in JNCI: The Journal of the National Cancer Institute. This is significant because charges for the tests, which are being used more and more in cancer care, can exceed $ 2,000 -- and not all health insurance plans cover the evaluations or the treatments recommended based on the findings, per the National Institutes of Health. "Medical financial hardship, such as problems payin...
Long-term care insurance costs are way up. How advisors can help clients cope

Long-term care insurance costs are way up. How advisors can help clients cope

Finance
Westend61 | Westend61 | Getty ImagesChad Chubb, a certified financial planner, walked a 66-year-old client through four premium increases on her long-term-care insurance policy.In all, the retiree, who is single, has seen her annual premiums rise by more than 60% over the last six years. Her cost in 2018 was $ 2,721, up from $ 1,626 in 2013.Expenses notwithstanding, she's planning on keeping her policy, which she originally purchased in 2005."I understand that the price she pays today for the quality of policy she has is still excellent," said Chubb, founder of WealthKeel in Philadelphia."But that doesn't take away from how these types of increases can and will catch older individuals off guard," he said. "Especially if they are on a fixed income."Chubb's client isn't the only one getting ...
Four ways for college students to control their health-care costs

Four ways for college students to control their health-care costs

Finance
PeopleImages | DigitalVision | Getty ImagesStudents and their families are grappling with the cost of higher education, but here's one expense that might be a surprise: health care.The default option for many college students — especially if they're under age 26 — might be to remain on Mom and Dad's insurance, yet that may come with additional costs.For starters, will a parent's plan adequately cover a college student if he or she attends school out of state and has only out-of-network providers available? "If it's all out of network, it might be worth looking at other alternatives," said Scott Frank, a certified financial planner and founder of Stone Steps Financial in Encinitas, California.Before making changes to your medical coverage, assess your available options based on the monthly