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Financial Assistance

Money Help (please put their logo in)
Money Help provides free confidential financial information to assist Victorians with Debt issues.
Call 1800 007 007
www.moneyhelp.org.au

They cover:
– Debt Assistance
– Rent Assistance
– Redundancy Payment
– Bankruptcy
– Fines In Victoria
– Budget Planner
– Financial Counselling

Source: Money Help

Panare

The Pancare Foundation supports patients, carers and families who have been affected by the diagnosis of an Upper GI cancer and who are experiencing financial difficulties.

Our website provides direct information and links to finding financial support and assistance within Australia.

To learn more about applying for our free program, please email info@pancare.org.au or phone 1300 881 698.
https://www.pancare.org.au/support/financial-assistance/

Source: Pancare Foundation

Financial Assistance for Carers

(please use logo from department of human services)

If you are constantly supporting someone with a medical condition and are not able to work in a substantially paid employment, you may be entitled to one (1) of the following Department of Human Services benefits:
– Carers Payment
– Carers Allowance
– Care Supplement

Click Here for More Information
Source: Department of Human Services

SUPERANNUATION

Early Release of Superannuation
You may be entitled to withdraw some of your superannuation on compassionate grounds.

COVID-19 Early Release of Super If you have been adversely financially affected by COVID-19, you may be able to access some of your superannuation early.

Eligible citizens and permanent residents of Australia or New Zealand can apply once in the 2020–21 financial year to access up to $10,000 of their super. If you’re eligible and need to access your super early, you will need to submit a new application this financial year, even if you applied last financial year.

Applications for the 2019–20 financial year closed on 30 June 2020.

Temporary residents are not eligible to apply in the 2020–21 financial year.

Applications for 2020–21 opened online through myGov on 1 July 2020 and will close at 11.59pm Australian Eastern Daylight-saving Time (AEDT) on
31 December 2020.

You will not need to pay tax on amounts released under COVID-19 early release of super and will not need to include these amounts in your tax return. Amounts released under other compassionate grounds must be included.

Click Here for more information
Source: Department of Human Services

Access on Compassionate Grounds

You normally can’t use your super until you reach your preservation age. Read about preservation age on the Australian Taxation Office (ATO) website. All applications for Early Release of Super are done through your MYGOV account.

To get your super released early you must meet 1 of these eligibility requirements:
– be in severe financial hardship
– have a terminal illness
– be a temporary resident
– have less than $200 in your super fund
– meet compassionate grounds.

Click to apply for Early Release of Super On Compassionate Grounds
Source: Department of Human Services

Financial Hardship Early Release Of Super

We consider it financial hardship, if you’re on an income support payment more than 26 weeks in a row. We can confirm this in writing for you. Even if you’re eligible, your super fund will decide if they’ll release your super early. All applications for Early Release of Super for Financial Hardship are done through your MYGOV account.

You must meet all of the following:

– be unable to pay for essential family living costs
– be getting an income support payment, not including Veteran Payment, ABSTUDY, Austudy or Youth Allowance as a full-time student
– have been on this payment for at least 26 weeks in a row.
There are different rules if you’re over preservation age and haven’t retired.

You must meet all of the following:
– still be out of retirement, which might mean you’re looking for work, studying, working full or part time
– have reached your preservation age plus 39 weeks
– get an income support payment for at least 39 weeks in total since you reached your preservation age.

Click to here apply for Early Release of Super Financial hardship
Source: Department of Human Services

Super Income Protection

If you have a current Superannuation account, it’s a good idea to check and see if you have included income protection in your Superannuation. If you have chosen to have income protection included in your super, please contact your super company for more details on how to access these payments, as all super companies terms and conditions differ.

Life Insurance
Life Insurance for Cancer Patients and Survivors
Critical Insurance cover also known as Trauma cover is an additional
option that may be added to life cover policy.

These policies cover being diagnosed with illnesses such as cancer. A lump sum may be paid to the insured even if the patient is able to work. These funds are to be used at the insurers’ discretion to assist with debts, cover medical expenses or make lifestyle changes. To find out about Allianz Critical Illness Insurance Cover, click here.

Life Insurance if I have cancer/in remission?

Whether it is possible to take out life insurance if you have cancer will depend on the nature of your condition and the insurers’ terms for providing cover. By law, you must disclose any known information about your health that may be relevant to the insurers’ decision on whether or not to provide you with cover.

Generally with pre-existing conditions insurers can either:
– Refuse to provide you with cover
– Apply a premium loading
– Exclude cover for certain events (they may provide life insurance to cover accidental death but exclude any cover for claims related to cancer)

In reviewing your application, an insurer will consider:
– Whether or not you are undergoing any treatment for your condition
– Whether you are in remission
– Whether you have had any relapses and what was the date
– Details of medication you are taking
– Whether they can charge a higher premium to account for the additional risk

Put simply, if you have had cancer and are now in remission, cover is generally available, however it does depend on how long you have been in remission for – this is generally the biggest factor when insurers consider offering you cover.

What happens if I don’t tell my insurer about my condition?
In the event of claim, your insurer can use your condition to refuse paying your claim

Source: The Cancer Council

 

* Terms & Conditions —- Please note that information provided here within this page is simply just information, there is no guarantee that Financial Support will be provided by Cancer Support Angels or any Organisation listed.