Mylan Copay Assistance Programs Explained

Mylan Copay Assistance Programs are designed to help patients afford their medications, and there are several programs available.

One of the most well-known programs is the Mylan Savings Card, which can help patients save up to $600 per year on their out-of-pocket expenses.

Patients who are eligible for the Mylan Savings Card can use it at over 68,000 pharmacies across the US.

The Mylan Savings Card can be used in conjunction with other forms of insurance, such as Medicare or Medicaid.

Mylan also offers a program called the Mylan Copay Program, which can help patients pay for their medications.

The Mylan Copay Program can help patients pay as little as $5 per prescription for certain medications.

This program is available to patients who have commercial insurance and are taking certain Mylan medications.

Curious to learn more? Check out: What If You Can't Pay Copay

Mylan is taking immediate action to ensure availability of EpiPens, with CEO Heather Bresch stating that everyone who needs an EpiPen will have an EpiPen.

The company is reducing the cost of EpiPens through the use of a savings card that will cover up to $300 for the EpiPen 2-Pak, cutting the out-of-pocket cost by 50 percent for patients who were previously paying the full price.

Mylan is also doubling the eligibility for its patient assistance program, which will eliminate out-of-pocket costs for uninsured and under-insured patients and families.

The patient assistance program now covers families making up to $97,200, who will pay nothing out of pocket for their EpiPen Auto-Injector.

Mylan is continuing to offer its EpiPen4Schools program, launched in August 2012, which has provided over 700,000 free epinephrine auto-injectors nationwide.

To further address the needs of patients and families, Mylan is working on giving patients the ability to order EpiPens directly from the company, thereby reducing the cost.

Worth a look: What Is Copay Assistance Program

The average amount owed by a patient picking up a brand-name drug is $44.

Many people struggle to afford prescription medications, and copay coupons can provide significant relief. Erin Singleton of the Patient Advocate Foundation directs patients to websites like needymeds.org and pparx.org, which compile coupon offers.

To qualify for these coupons, patients generally have to provide information about their insurance. But unlike some other patient-assistance programs, copay coupons are not tied to income.

People without health insurance can't use Mylan's EpiPen co-pay coupons, but they might qualify for its Patient Assistance Program, which provides free EpiPens to those at 400 percent of the federal poverty level.

A family of four making no more than $97,200 annually would qualify for this program.

Additional reading: Florida Assist Second Mortgage Program

Co-pay coupons can be a game-changer for those with commercial insurance. These coupons can significantly lower the cost of prescription medications, like the EpiPen. Lori Kading, from Austin, Texas, saved $75 on her co-pay for an EpiPen two-pack by using a $300 Mylan coupon.

For those without health insurance, co-pay coupons aren't an option, but there's another way to get free EpiPens. The Patient Assistance Program provides free EpiPens to individuals at 400 percent of the federal poverty level.

Mylan's co-pay coupons can expire, so it's essential to check the expiration date. Lori's coupon expired on December 31, 2016.

For more insights, see: Insurance Claim Assistance

The average amount owed by a patient picking up a brand-name drug is $44, according to IMS Health.

Copay coupons can offer reimbursements up to a certain level, such as $100, making them crucial for financially strapped people.

However, consumers should be aware that savings today could mean higher costs later on, as insurance companies may raise prices on consumers in other ways, such as higher premiums for everyone covered by a plan.

Co-pay coupons generally have expiration dates, so patients need to keep track of when their coupons are no longer valid, as seen with Mylan's coupon expiring on December 31, 2016.

The case of Epipen highlights the limitations of co-pay coupons, which may only partially mitigate high drug costs, but don't justify the high prices drug companies are charging.

For your interest: What Happens If You Can't Pay Your Copay