Newly formed nonprofit can help with heath care copays, prescription payments and heath insurance denials - Entrepreneur Generations

Last year the two companies awarded $200k to patients who
needed financial health care help. (Photo by J. Trierweiler)

Uninsured Americans or those with health insurance coverage who are facing sky-high bills or insurance denials might be able to turn to a newly merged nonprofit for assistance.

The Patient Advocate Foundation and the Patient Access Network Foundation joined together and are now operating as the Patient Advocate Foundation. Peter Loftus of The Wall Street Journal reports, "The merger created a nonprofit with more than $800 million in assets to help patients pay for drug copays and appeal health-plan coverage denials."

For many Americans dealing with expiring Affordable Care Act subsidies, job loss or employment that doesn't offer health care benefits, the merger offers a safety net. Loftus writes, "The nonprofits said the combination will allow them to better serve low- and middle-income patients facing rising healthcare costs, including many who have lost insurance coverage."

Patient Advocate Foundation Chief Executive Alan Balch told the Journal, "More people are struggling to pay for care and basic needs than ever before, and the safety net’s being stretched thinner and thinner."

Before the merger, the two nonprofits focused on different health care challenges faced by many Americans. The PAN Foundation helped patients "defray co-pays and other out-of-pocket costs for prescription drugs," Loftus explains. The Patient Advocate Foundation assisted patients who needed to file appeals for health care insurance denials.

In 2025, the two companies made "$273 million in direct payments to patients," Loftus adds. "They awarded financial assistance to nearly 200,000 people during that period."

As one company, the Patient Advocate Foundation will need patients to complete only one application to access all its services. 

from The Rural Blog https://ift.tt/FnEKySB Newly formed nonprofit can help with heath care copays, prescription payments and heath insurance denials - Entrepreneur Generations

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