July 28th, 2009
WASHINGTON, DC – Patient Access Network (PAN) Foundation today announced a new copayment assistance initiative designed to help many Americans who have lost their jobs in 2009 but have managed to retain their health insurance coverage.
PAN has received additional support that will allow it to open its 21 disease funds to recently unemployed individuals who need assistance in meeting the out-of-pocket costs associated with medications for certain cancers or chronic diseases. The new program is funded by generous donors eager to help those in economic distress.
“With unemployment rising, more and more people are forced to make tough choices such as between paying their mortgages and buying their medicines,” said Lyn Boocock-Taylor, Chair of the PAN Board of Directors. “With this program we can ease some of their anxiety and financial burden and allow them to concentrate on healing.”
Interested patients may contact PAN through the Web at www.PANFoundation.org or call 866-316-7263 toll-free. To qualify, an individual must first meet the basic requirements for copayment assistance from PAN:
• Person should be insured and insurance must cover the medication for which patient seeks assistance.
• The prescribed medication must fight the disease directly.
• Patient must be a legal U.S. resident.
• Patient’s income must be below 300-400 percent of the Federal Poverty Level, depending on individual fund requirements.
• In addition, the patient or an income-providing household member must have become unemployed since January 1, 2009 and be able to document their status with a state unemployment letter or proof of payment of unemployment benefits.
“This new program infuses additional funding into our existing program and will allow us to help more patients, especially those who have lost the income they counted on to pay for their medications,” said Julie Reynes, PAN President.
Patients who meet all eligibility requirements are either approved through the normal process in two to five days (when funding is immediately available) or placed on waitlist to receive assistance just as soon as funds are available for their specific disease.