The PDA (Prescription Drug Assistance) New Mexico MEDBANK program aids residents of New Mexico in obtaining needed brand name prescription medications at an affordable rate or at no cost. This program is intended for low to middle income individuals of all ages who have no prescription drug insurance coverage or who do not have adequate insurance coverage. Assistance is also provided to help state residents access pharmaceutical company prescription assistance programs.
Did You Know?
Approximately one quarter of older adults either neglect to fill a prescription or fail to take doses of prescribed medication due to the cost of the needed medication.
The eligibility guidelines for MEDBANK are as follows:
- Must be a resident of New Mexico. Duration of residency is not a factor. Newcomers to the state can participate in this program.
- Must be in the low to middle income bracket and be unable to afford medications, insurance, or copays.
- Must have no insurance coverage for prescription drugs or be underinsured.
- Prescription medications must be needed to treat conditions that are long term, such as Alzheimer’s, Parkinson’s disease, COPD, Osteoporosis, or Kidney disease.
- Must not be eligible for, or currently enrolled, in another prescription medication assistance program (An exception are applicants who have reached the cap on their insurance for prescription drugs, such as being in Medicare Part D’s donut hole).
- Cooperation from the individual’s doctor is needed in order to sign appropriate paperwork, write prescriptions, and often, to receive the medication for the eligible individual.
Benefits and Services
Eligible applicants receive brand name prescription medications at either no cost or via a small, affordable copayment. To be clear, generic medications are not available via this program. In most cases, 90-days’ worth of medication is supplied at one time.
How to Apply / Learn More
For more information about the PDA New Mexico MEDBANK Program or to apply for this program, visit the New Mexico Aging and Long-Term Services Department website here or contact them at 505-476-4846 or 800-432-2080. A program flyer can be downloaded below.