An Overview of Selling Diabetic Test Strips for Cash
Are you a self-monitoring diabetic who uses those nifty test strips? Do you have excess supplies that you’re not sure what to do with? Do you want to make some extra cash?
Yes, you can earn some bucks just with those extra diabetic strips, long as they are fresh (meaning unused) and unexpired. At least 29 million people in the U.S.have diabetes today, and around half of the total population is dealing with undiagnosed diabetes or pre-diabetes. Not all of them have health insurance or have the money needed to manage their condition.
If you yourself are a diabetic, you understand the frustration that accompanies managing this disease. You also know just how costly it can become. What you may not have thought about is that anything you buy OTC at a drug store or pharmacy is perfectly fine for you to sell. Of course, if you obtained your strips through Medicaid or Medicare, you can’t sell them. You can’t sell anything the government bought.
Different Situations that Leave People with Leftover Strips
You may be thinking how this whole business came about. The following are various scenarios where you or any other diabetic may end up having more strips than necessary:
>> Different diabetics may experience the disease in unique ways.Some people need more frequent blood sugar checks than others.
>> Diabetes resolves eventually. This doesn’t happen very often, but it can in some cases, as in gestational diabetes which naturally resolves itself after the child is born.
>> You switch health insurance policies. If you switch policies, you will typically get a different amount of supplies.
>> You purchase a new machine. Usually, when you use a new machine, you need a new kind of strips, rendering those old strips useless for you.
>> A family member who had diabetes, passes away. We all have our time to go, and when diabetics do, they may leave behind some unused diabetic test strips.
How Much for Diabetic Test Strips?
Different buyers will have different criteria when screening diabetic test strips, but usually, it boils down to three things: the brand, the number of strips in the box, and the number of boxes. For example, you have a box of 50 good-brand unused and unexpired strips. That could mean some $18 straight into your pocket. And with some buyers, you’ll even have a referral fee – usually around $25 – for each seller you recommend them to.
Where Do the Strips End Up?
A lot of things can happen to your strips after they are bought, but the general idea is that they will be used by diabetics who cannot afford them in the traditional market. In other words, this whole business isn’t just a money-making activity but a cause in itself.