Viatical settlements for patients with pulmonary hypertension can provide an important financial lifeline for those facing the high costs of managing this serious and progressive condition. Pulmonary hypertension occurs when the blood pressure in the arteries of the lungs becomes dangerously high, forcing the heart to work harder to pump blood. While treatments have advanced, the ongoing costs of care can create a major financial burden for patients and their families.
Understanding Pulmonary Hypertension
Pulmonary hypertension is not the same as general high blood pressure. It specifically affects the arteries in the lungs and the right side of the heart. Symptoms often include shortness of breath, fatigue, chest pain, swelling in the legs and ankles, and fainting episodes. Many patients are unable to continue working full-time as the disease progresses, which can make it even harder to cover out-of-pocket costs.
This illness is typically chronic and progressive, with treatment focused on slowing its advancement, managing symptoms, and improving quality of life. Depending on the stage and response to treatment, some patients may qualify for viatical settlements based on life expectancy and policy details.
Treatment Costs and Financial Burdens
Treatment for pulmonary hypertension often involves a combination of medications, oxygen therapy, frequent doctor visits, and sometimes surgery. Prescription medications to widen the blood vessels in the lungs can cost thousands of dollars per month. Some patients may also require mobility aids, oxygen concentrators, or hospital stays during periods of worsening symptoms.
Health insurance coverage doesn’t always eliminate these costs. Deductibles, co-pays, and non-covered treatments can add up quickly, creating a heavy financial strain, especially if income is reduced due to illness.
How a Viatical Settlement Can Help
For many people, a life insurance policy is one of their largest financial assets. A viatical settlement allows eligible policyholders to sell their life insurance policy to a licensed buyer in exchange for a lump sum of cash. This money can be used for anything from covering treatment costs, to paying household bills, accessing advanced therapies, or improving daily quality of life.
Unlike loans or credit cards, the funds from a viatical settlement don’t have to be repaid. For patients with pulmonary hypertension, this can make a big difference in managing care without financial stress.
Eligibility Factors for Viatical Settlements
Eligibility for a viatical settlement depends on several factors, including:
- The patient’s life expectancy based on medical records and condition
- The type of life insurance policy (universal, whole, or convertible term)
- The policy’s death benefit amount (Policies must usually have a face value of $100,000 or higher.)
- The insured’s age and any additional health considerations
Even patients who may not qualify for accelerated death benefits through their insurance company could still be eligible for a viatical settlement through a direct buyer.
Exploring All Options
A viatical settlement is just one option for policyholders with pulmonary hypertension. Some individuals may also qualify for accelerated death benefits or other financial support programs. Getting a policy evaluation helps patients and their families understand what their policy is worth and make informed choices.
For those facing rising medical bills, reduced income, or the need for specialized care, selling a life insurance policy can offer immediate financial relief and greater control over how funds are used.
To learn if a viatical settlement is an option for you, please give us a call at 800-973-8258.
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