But you better act quickly tofile a claimfor your share of a multi-million-dollar settlement.
The deadline is July 25, 2022.
Generic versions are a couple of hundred dollars less.
And while most insurance plans cover the EpiPen, not everyone has insurance.
EpiPen is the brand name for the auto-injector medical unit known generically as epinephrine.
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That medication, which affects the entire body, is used to lessen the response to an allergic reaction.
The airway muscles relax, lungs open, and the allergic reaction is often stopped.
Parents often carry EpiPens for their children with severe food allergies.
Plaintiffs alleged the companies knowingly violated antitrust and racketeering laws by doing so.
It was at that point that a class action lawsuit began to take shape against the price increase.
Today, the cost is about $690.
Did you know?
Someone might carry one for an emergency but not need to use it in that time frame.
Pfizer agreed to a similar settlement of $345 million in 2021.
How Do I Get My Money?
The money is being doled out to two different classes of plaintiffs.
to receive a payout from the settlement, class members must submit avalid claim formby July 25, 2022.
You do not need to provide proof of purchase to be included in the settlement.
How Much Money Will I Receive?
However, legal fees are subtracted from the amount before any settlement checks are sent out.
What remains will be divided among all class members who file a claim.
According toClincalc.com, there were 1.75 million EpiPen prescriptions issued in 2019.
That means, dont lie about purchasing an EpiPen.
Considering that your settlement check will likely be a few dollars, it is not worth the threat.
Kent McDill is a veteran journalist who has specialized in personal finance topics since 2013.
He is a contributor to The Penny Hoarder.
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