Thursday, November 4, 2010

Assistance Fund helps insured cover prescription co-pays

The Washington Post /Orlando Sentinel (11/3, Santich) reports that earlier this year, Edward Hensley and Jeff Spafford "launched the Assistance Fund, a national charity that covers pricey prescription-drug costs for those who have insurance but can't afford their co-pay," which may run up to thousands of dollars for certain medicines.

The charity serves an unmet need, as many pharmaceutical "companies typically have their own patient-assistance programs for the uninsured, options for the insured are more limited." The Assistance Fund will help "patients who earn up to seven times the federal poverty standard—income of $22,050 for a family of four." The charity has raised $20 million in donations, mostly from large corporations, including drug manufacturers. Currently, the fund is helping some 3,000 Americans, a number that Hensley and Spafford would like to greatly increase in 2011.

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