Patient Access Network Foundation
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. Funding is offered for those qualified patients who are unable to afford their prescription medications. The assistance will help pay for any of the 41 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. Depending on the health insurance company, the annual health care costs that many families face continues to increase by several percentage points per year.
This 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 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-PANF (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. To date, PAN has assisted over 132,000 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. Approximately $186 million 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 help, 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 is a formal application process, and unfortunately not everyone can be helped. There are various criteria, including income based and it also depends on the medical condition. 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. 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.