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Aug 1, 2023

HealthWell Foundation Opens New Financial Assistance Fund for People Diagnosed with Type 2 Diabetes

byPRNewswire

Fund Helps Underinsured Americans in Need of Medication Copayment Assistance

GERMANTOWN, Md.July 31, 2023 /PRNewswire/ — The HealthWell Foundation®, an independent non-profit that provides a financial lifeline for inadequately insured Americans, is proud to announce that it has opened a new fund to provide financial assistance to individuals living with type 2 diabetes. Through the new fund, HealthWell will provide up to $1,000 in medication copayment assistance to eligible patients with annual household incomes up to 300 percent of the federal poverty level for the management of their disease.

Type 2 diabetes is the most common form of diabetes and develops when the cells in the body do not respond well to, or make enough insulin, a hormone produced in the pancreas. If not treated, people with type 2 diabetes will have high blood glucose (blood sugar) levels which, over time, can lead to serious health problems including heart disease, stroke, blindness, and kidney failure. Over 37 million people in the U.S. have diabetes and type 2 diabetes accounts for approximately 90-95% of all diagnosed cases of diabetes in the U.S.

“Managing type 2 diabetes is life-long and can be expensive. Some people living with diabetes are required to take one or more medications, and the expense associated with proper medications is insurmountable for many people, even those with health insurance,” said Charles “Chuck” Henderson, Chief Executive Officer of the American Diabetes Association®. “Sadly, an estimated 16.5% of people in the U.S. who have been prescribed insulin to manage their disease have rationed their use of the medication in the last year due to cost. We applaud the HealthWell Foundation for recognizing this critical unmet need for people living with type 2 diabetes and for providing much-needed copayment assistance so these patients can start or stay on their prescribed lifesaving treatment plans.”……

Read more: https://www.benzinga.com/pressreleases/23/07/n33472681/healthwell-foundation-opens-new-financial-assistance-fund-for-people-diagnosed-with-type-2-diabete

Source: PRN Newswire

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