If you’re reading this, it probably means that you or a loved one is facing the battle against cancer and are searching for ways to fund treatments. First, we want to acknowledge your bravery in taking on this challenge and applaud your perseverance.
Battling cancer is no easy journey. If you have inadequate savings or insurance coverage, various cancer funds could help alleviate some financial stress. These funds are administered by hospitals, charities, and even pharmaceutical companies. Let’s take a brief look at these options:
Overview of Cancer Funds in Malaysia
Hospital Cancer Care Funds
Many private hospitals in Malaysia administer cancer funds for households earning less than RM5,000 per month, making them potentially suitable for retirees. These funds typically target those who have exhausted their finances, have insufficient insurance, or face financial challenges. They may offer subsidized treatments such as radiotherapy, chemotherapy, or targeted therapy for certain early-stage cancers. However, patients often have to bear the cost of more advanced treatments like targeted therapy or immunotherapy.
Charity Cancer Funds
Several charities across Malaysia also offer cancer funds, but checking whether these funds are still accepting applications is crucial. Many of these charity-led funds focus on specific cancers, such as breast cancer, and may not cover other types. Additionally, some funds may no longer be available, as their online information may not always be current.
Pharmaceutical Company-Led Cancer Funds
Pharmaceutical companies often run programs to subsidize their cancer drugs, especially for patients without insurance who are paying out of pocket. These funds can offer benefits like “buy 1, get 1 free” or discounted treatments, but despite these efforts, the costs remain high—often ranging from RM5,000 to RM20,000 per treatment cycle.
The Hidden Cost: Time
While these cancer funds can provide financial relief, the reality is that they often require a significant amount of time—time spent researching, preparing documents, submitting applications, and waiting for approval. Many families don’t realize that cancer cells typically replicate every six weeks, meaning time is of the essence. The earlier you start treatment, the better your chances of a positive outcome.
A Different Kind of Cancer Care Fund: KALSIS
This is where KALSIS steps in—a scheme designed to help seniors battling cancer unlock the wealth in their homes to fund their treatments and retirement needs. It’s a capital markets-driven solution funded by institutional investors seeking to do good and do well – with Kenanga Investors Berhad leading the charge. KALSIS allows seniors to sell their home titles at market value and receive:
- Year 1: A lump sum payout (10% of the home’s value) for immediate healthcare expenses.
- Year 2 and beyond Monthly lifetime annuities (4% of the home’s value over 12 months) for living and healthcare costs.
What makes KALSIS unique is that seniors can continue to live in their homes for the rest of their lives without needing to move. This scheme allows participants the flexibility to use funds for the cancer treatments they need—covering the cost of advanced therapies, surgery, or even day-to-day expenses that can become burdensome during treatment.
Why Choose KALSIS?
Unlike traditional cancer funds, KALSIS takes a holistic approach:
- It covers not only cancer treatments but also living expenses during retirement.
- Eligible seniors can access funds regardless of their cancer stage or type of cancer.
- Should additional healthcare needs arise later in life, KALSIS allows participants to convert monthly annuities into another lump sum payout.
The Right Time to Act
We hope this overview has provided valuable insight into the options available for funding your cancer treatments. As with any important decision, it is worth discussing these options with your family and loved ones. Remember, time is of the essence, and making the right decision quickly can lead to better health outcomes.
Learn More About KALSIS Today
To find out if KALSIS is the right solution for you, contact us via WhatsApp at +6011 5638 8580. We can help you face the future with confidence and peace of mind.