Diabetes is a serious chronic illness that affects an estimated 37 million Americans.
Its also an expensive condition to manage.
All those test strips get pricy.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Ask one of these companies to help…
Sometimes purchasing test strips with your insurance can actually cost more, not less.
you’re able to also get a free Accu-Chek meter through the companysfree meter program.
A diabetes supply company calledDiathrivelets you set up regular shipments of supplies or opt for a one-time purchase.
Theres no commitment, and you’ve got the option to cancel at any time.
How to Save Money on Insulin
Not all diabetics take insulin.
But those who do are familiar with its high price tag.
The cost of insulin has skyrocketed in recent years.
TheAmerican Diabetes Associationalso provides extensive information about the four insulin manufacturers that offer immediate assistance and long-term resources.
you’ve got the option to also call the manufacturer of your insulin and inquire about savings programs.
Eli Lilly was the first insulin manufacturer to release an authorized generic insulin lispro the counterpart to Humalog.
If your pharmacy doesnt carry the low-cost alternative, ask your pharmacist to order it for you.
Walmart and Sams Club pharmacies carry Novo Nordisks insulin for $25 per vial.
No prescription is required.
This insulin isnt optimal for everyone.
In June 2021, Walmart released a fast-acting analog insulin called ReliOn NovoLog.
Many diabetics prefer the convenience of insulin pens, which combine the medication and syringe into one unit.
Unfortunately, new dispensers make insulin more expensive.
If you like the convenience of insulin pens, consider opting for the reuseable kind.
This makes reusable pens about the same price over the long term.
Community clinics can provide low-cost or free insulin to people who meet income requirements.
you might find a community clinic usingthis search toolfrom the U.S. Department of Health and Human Services.
If you have health insurance, call your insurer and ask what its referred brand of insulin is.
If your doctor thinks the other insulin can work for you, making the switch could save you money.
Its also smart to talk to your doctor.
Some states have passed legislation to limit the out-of-pocket cost an insurer can charge.
Colorados insulin copay cap was the first to go into effect in January 2020. it’s possible for you to learn more about each states mandates that impact diabetes carehere.
How to Get Free Diabetes Supplies
Saving money on diabetes supplies is great.
But free is even better.
Youll also need to fill out an software for the program.
The free insulin you receive may be limited.
The NovoCare Patient Assistance Program, for example, offers only a 90-day supply.
you might call United Ways 211 information line to find out whats available in your area.
Here are three other ways to get free supplies.
you’re free to get aFreeStyle meterfor free by signing up for the FreeStyle Promise Program.
Once you register, you might also receive discounts on test strips.
The discounted test strip program isnt available to people enrolled in federal or state health insurance programs.
you might use the FreeStyle Promise card to receive savings on test strips after paying the first $15.
Actual discounts and savings vary, according to fine print on the companys website.
you’re free to apply to get a freeContour Next EZ meter.
You must be privately insured and have a prescription from your doctor to qualify.
The first grant is for durable medical equipment, like insulin pumps and continuous glucose monitors.
Theres no tool on the programs website, so you will need tocontact them directlyfor more details.
Rachel Christian is a Certified Educator in Personal Finance and a senior writer for The Penny Hoarder.
She focuses on retirement, investing, taxes and life insurance.
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