Patient Access Network Foundation assistance programs.
The Patient Access Network (PAN) Foundation was founded in 2004. It provides qualified individuals with funding for paying a certain type of out-of-pocket medical costs. All of the assistance from the PAN foundation will be for prescription drugs. Funding is offered for those qualified patients who are unable to afford their prescription medications on their own or who health insurance does not cover it. The assistance will help pay for any of dozens of life-threatening or chronic illnesses that PAN covers.
One of the greatest challenges facing underinsured patients with severe and/or chronic medical conditions is trying to keep up with the rising costs of deductibles as well as co-pays. This is what the PAN Foundation tries to help with. The cost of prescription medications for chronic and/or rare medical conditions is also a huge barrier to most families. Depending on the health insurance company, the annual health care costs that many families face continues to increase by several percentage points per year.
The type of medical condition as well as cost of prescription drugs causes patients to struggle to pay for the health care they desperately need. Many individuals who cannot afford to pay for their treatments may stop seeking care all together as they are unable to pay for their medical bills. This may be where an organization such as the Patient Access Network can help.
It’s a harsh reality. With so many people facing dramatically rising co-pays and deductibles, even patients that have insurance but who also have chronic diseases are struggling to pay for the medications they need. The cost of prescription drugs to help with rare diseases can go into the six digits. The Patient Access Network Foundation may be able to help. An easy-to-use application process created by PAN will pre-screen and tentatively approve qualifying patients within 24 hours. Apply for assistance from PAN by (1) visiting them at www.Panfoundation.org; (2) calling PAN at 1-866-316-7263; or (3) using your Provider or Specialty pharmacy online portals.
Goal of Patient Access Network
They are an independent, national 501(c) (3) organization. PAN has assisted millions of underinsured individuals by providing them with co-payment assistance. Most of the money provided to their clients is to pay for the medications they need. Hundreds of millions of dollars has been distributed in co-payment assistance. The organization is very efficient as well, in that 90% of every dollar donated to PAN goes directly to helping patients.
To cover the cost of deductibles, co-payments, and co-insurance to federally and/or commercially insured patients, the Patient Access Network can award individual grants that range from $500-$10,000 per year. There are no guarantees to receiving financial help form PAN, and the grants will only be paid out to qualified patients. The amount will depend on the disease and the amount of funding that is available. Patients can be approved for a full 12 months of assistance at a time. There are also other assistance programs for health insurance deductibles if needed.
Applying for help from the PAN foundation
There is a formal application process in place, and unfortunately not everyone can be helped by this non-profit organization. Like all charities, resources are limited and PAN depends on donations from individuals, businesses, pharmaceutical companies and others. There are various criteria, including income based and it also depends on the medical condition. The assistance is also for the underinsured.
Patients need to have some form of insurance, and they also both must receive treatment in the United States and also reside in the US. Only some medications will be paid for by the PAN network, and the focus is on unusual and/or rare diseases. You can call the Patient Access Network at 866-316-7263 or visit www.panfoundation.org to learn more on how this service works or to apply for assistance.