At Discount Drug Network, one common question we hear is, “How do Prescription Co-Payment Assistance Programs work?”. Prescription Co-Payment Assistance Programs are different than Prescription Assistance Programs or Manufacturer’s Rebates offered for many brand name prescription medications. Co-Payment Assistance Programs are intended to help low-income patients who have health insurance that covers the prescribed medications for which they seek assistance.
Because there are so many different Co-Payment Assistance Programs out there, there are some for-profit businesses and non-profit organizations who seek to help eligible patients find and secure this much needed assistance. One example of an organization that can help with Prescription Co-Payment Assistance is the non-profit foundation, Patient Access Network (PAN, http://www.panfoundation.org/).
The below is from Patient Access Network’s website regarding eligibility for these programs:
Who is eligible for assistance from PAN?
To qualify, you must meet our eligibility requirements:
- You must have been diagnosed with a disease for which PAN has a program.
- The medication for which you are seeking assistance must fight the disease directly.
- You must be insured and your insurance has to cover the medication for which you are seeking assistance.
- You are prescribed a high cost drug, depending on individual program requirements.
- You reside and receive treatment in the US.
- Your income must be at or below a designated percentage of the Federal Poverty Level, depending on individual program requirements. (Click here for Federal Poverty Guidelines)”.
In addition to Patient Access Network, here are some other not-for-profit patient advocacy organizations that may be able to help you reduce your out-of-pocket costs for prescription drugs through Co-Payment Assistance Programs:
The best time to use a co-payment assistance program is if you or one of your loved ones is diagnosed with a life changing disease, such as cancer. Often, prescriptions for these illnesses can be incredibly expensive and will put a strain on your finances. You shouldn’t have to give up life-saving treatment just because you can’t afford it.
Most of the co-payment assistance programs are intended for people who are struggling financially, such as Cancer Care. To be eligible for Cancer Care financial assistance, you must have an income within 250% of the Federal Poverty Limit. Others, such as Chronic Disease Fund, require you to have medical insurance in order to receive funding.
And finally, don’t forget that if you want to save money on prescription drugs, the Prescription Discount Card by Discount Drug Network is perhaps the easiest program to use to get out-of-pocket savings on Rx drugs. It works for patients of any income level, it can help whether your insured, under-insured, or uninsured, it works for all F.D.A.-approved prescription drugs, and it’s accepted at over 99% of U.S. retail pharmacies, including Puerto Rico. There are no eligibility requirements and no restrictions to what drugs you can get a discount on. Get your FREE Prescription Discount Card today, it’s easy!