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Cabarrus Magazine

Don’t Struggle to Pay for Medications

Dec 03, 2018 11:51AM ● By Jason Huddle

Don’t Struggle to Pay for Medications

‘Tis the season to be joyful. But when your money is tight and you are already struggling to pay for medications, it can become less than joyous.

Well, there may be a potential “gift” waiting for you under this tree…I mean paragraph! Patient assistance programs are available to help people when the cost of their prescription medications has become a burden. 

The two most common sources are grant programs and manufacturer assistance programs. Grant programs are disease specific, intended specifically for patients on Medicare Part D. The majority are funded by donations from the public and other organizations to support people with certain unfortunate diseases. The approval process is generally immediate, so savings can begin instantly.

Manufacturer assistance programs, on the other hand, can be utilized by people on Medicare or those without insurance. They tend to have a longer approval process and do have financial and/or out-of-pocket spending requirements.

Often, an online or physical application must be completed and submitted to your prescribing physician, along with documents such as proof of income, Part D insurance card, and proof of ID and out-of-pocket spending on your prescription drugs for the current calendar year. The application is then submitted to the manufacturer for review and determination.

This is when a Patient Advocate can help patients find the best program to meet their unique needs, as well as navigate them through obtaining assistance and potentially save them thousands of dollars per year.

The final thought is, “If in doubt, check it out.” Ask your doctor about the availability of a Patient Advocate. If there is not one available, Cannon Pharmacy is happy to help.

 

Article By: Jackie King and MacKenzie Catanese

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