ANIMAS CORPORATION AND THE DIABETES TRUST FUND
TO PROVIDE INSULIN PUMPS TO CHILDREN AND TEENS
New Partnership Offers $200,000
Towards Pumps and Supplies to Families in Need
FRAZER, PA, August 17, 2001 - In an effort to allow more young people with diabetes to enjoy the benefits of pump therapy, Animas Corporation, manufacturer of the R1000 insulin pump, and the Diabetes Trust Fund have partnered to create The Diabetes Trust Fund Insulin Pump Plan. The program will make need-based financial assistance available for children and teens with type 1 diabetes whose physician prescribes an insulin pump.
The Diabetes Trust Fund will provide $100,000 for the first year of the plan to cover the insurance co-pays and deductibles associated with obtaining an insulin pump. The plan is designed to provide children under 18 years of age (or students under age 23) the means to benefit from the most advanced diabetes management technology.
"While most medical insurance plans cover insulin pumps, the co-pay and cost of supplies can put pump therapy out of reach for many families," said Katherine Crothall, PhD, CEO and founder of Animas Corporation. "Our goal is to provide financial assistance to families who otherwise might not be able to afford pump therapy." With its $100,000 matching pledge, Animas Corporation will pay for the insurance co-pay of the disposable items necessary to maintain pump therapy - such as cartridges and infusion sets - for the life of the Animas pump. Animas Corporation will also provide their patients with patient education and round-the-clock customer service.
"This is a major step for the Diabetes Trust Fund," said Ron Creel, president of the non-profit organization based in Birmingham, AL. "Our emphasis and motivation in developing this program is the chance to help kids who have some form of insurance coverage but whose families can't afford the co-pay and deductible portion of the insulin pump. "We are grateful that Animas Corporation has helped us design and fund this program, and we look forward to having other pump manufacturers participate," said Creel. "We are interested in giving children with diabetes an opportunity to maintain tight glucose control while maintaining a flexible lifestyle." The plan is open to any insulin pump manufacturer willing to participate. Eligible patients must have some form of health insurance that covers a portion of the insulin pump and be considered a "dependent" child, based on the definition of the candidate's health insurance plan.
Established in 1964, The Diabetes Trust Fund provides funding for diabetes research, education and treatment programs. The Diabetes Trust Fund is dedicated to finding a cure for diabetes and to making life better for patients with diabetes until a cure is found.
Founded in 1996, Animas Corporation's mission is to provide products and services to enable patients with insulin-requiring diabetes to better manage their diabetes, with the goal of improving the lifestyle of the patient, reducing long-term morbidity of the disease, and decreasing the cost to the patient and health care system.
For more information on The Diabetes Trust Fund Insulin Pump Plan, visit www.diabetestrustfund.org or www.animascorp.com, or call the Diabetes Trust Fund toll free, (800) 577-1383.
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Last Updated: Thursday February 27, 2014 19:28:21
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