Financial Assistance Flashcards
6 cards from real Mesothelioma Support practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Financial Assistance flashcards as text
What tax deduction is available to mesothelioma patients for unreimbursed medical expenses?
Answer: Unreimbursed medical expenses exceeding 7.5% of adjusted gross income can be deducted
The IRS allows taxpayers to deduct qualifying unreimbursed medical expenses that exceed 7.5% of their adjusted gross income on Schedule A.
What is the 'Extra Help' program related to Medicare Part D for mesothelioma patients?
Answer: A federal subsidy reducing prescription drug costs for low-income Medicare beneficiaries
The Social Security Administration's Extra Help (Low Income Subsidy) program assists low-income Medicare beneficiaries with premiums, deductibles, and copays for prescription drugs.
How can mesothelioma patients benefit from the Consolidated Omnibus Budget Reconciliation Act (COBRA)?
Answer: COBRA allows workers who leave employment to temporarily continue their employer health insurance at their own cost
COBRA lets employees continue their employer-sponsored health insurance for up to 18–36 months after leaving work, which is valuable during cancer treatment.
What is the purpose of the 'NeedyMeds' database for mesothelioma patients?
Answer: A database of patient assistance programs, drug discount programs, and financial aid resources for patients
NeedyMeds.org catalogs patient assistance programs, free clinics, and other resources to help patients afford medications and healthcare.
What is 'medical debt forgiveness' and how can mesothelioma patients access it?
Answer: A hospital's financial assistance or charity care program that reduces or eliminates bills for qualifying patients
Most nonprofit hospitals have charity care or financial assistance programs that reduce or forgive medical bills for patients who meet income criteria.
What is the significance of the 'Asbestos Hazard Emergency Response Act' (AHERA) for the mesothelioma community?
Answer: It required asbestos inspections and management plans in US schools, reducing future exposure
AHERA requires US schools to inspect for asbestos and implement management plans, protecting students and staff from future exposure.