How Much Can You Sell Diabetic Test Strips For
This entry was posted in uncategorized and tagged cash for diabetic test strips, cash for test strips, sell diabetic test strips, sell test strips on august 31, 2014 by reat1961. Kliff, who has type 1 diabetes himself, estimates that manufacturers reap a 70% to 80% profit on strips.
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How Do I Store Diabetes Medications And Supplies
If you take insulin, your doctor or diabetes educator will give you full instructions for storing it and using it effectively. Some diabetes drug manufacturers suggest storing the insulin in the refrigerator. Yet, as anyone with diabetes will tell you, injecting cold insulin into the body can be painful.
To avoid a painful, cold injection, many diabetes educators suggest keeping insulin at room temperature while it’s being used. Insulin should last about one month at room temperature. Many people prefer to keep the diabetes supplies in a kitchen or bedroom drawer. That way, the glucose monitor, syringes, insulin, lancets, alcohol swabs, and other necessary supplies are always together and available for use.
Always think ahead. You never want to risk being without the supplies and medicine you need. Keep extra supplies on hand to reduce the risk of a diabetic emergency. If you use insulin, you can store extra bottles in the refrigerator and take a bottle out so it has time to warm to room temperature before giving yourself an injection.
Never freeze insulin or store it in a hot location. If you purchase insulin from a pharmacy, be sure to take it home soon after buying it to avoid extreme temperatures. Also, keep test strips dry, and don’t expose them to moisture or extreme heat or cold or you may damage the integrity of the strip.
Who Buys Diabetic Test Strips
You may be asking yourself, who buys test strips? WE DO! The Two Moms want to buy all your extra diabetic test strips. Many times, people with diabetes have a great deal of extra diabetic test strips due to a variety of reasons, and they typically just throw their leftover products away.
However, what people might not understand is that someone else living with diabetes could benefit from these same diabetic test strips, someone who is not able to pay full retail pricing.
The Two Moms mission is to connect people with diabetes who need affordable testing supplies with the excess diabetic supplies that we purchase. This way we put a little dent in the world of expensive health care and a ton of cash back into the wallets of the people that need it most. You.
The Two Moms are recognized for the highest cash payouts in the industry. See why the Two Moms are your number one trusted company to purchase your diabetic testing supplies.
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Where Can I Buy Diabetes Supplies
You can purchase blood glucose meters, test strips, lancets, and other diabetes supplies at your local pharmacy or at online pharmacies. But it’s important to shop for bargains, just like you would for any other purchase. By looking for sales on diabetes products, you can find the best prices and save money. As an example, generic diabetes drugs can cut the cost of diabetes care. That’s because retail prices for generics are generally lower than you’d pay for the name-brand products.
A glucose meter can vary in price depending on the features and brand you select. But you should be able to buy one for $40 to $60. Diabetes test strips can cost around $100 a month. Test strips are pricey, but you must have them to avoid problems. Checking only once or twice a day can save money on test strips. But first discuss less frequent sugar checks with your doctor or diabetes educator.
As you select a blood glucose meter, test strips, and other insulin supplies such as insulin syringes, keep in mind that there is no cure for diabetes at this time. You will need to have diabetes supplies every day, whether you are in town, away for the weekend, or traveling globally. You will have to make management of diabetes part of your daily lifestyle to stay well and avoid life-threatening diabetes complications.
Will My Insurance Company Pay For The Medicines And Supplies I Need
Diabetes is the sixth leading cause of death in the U.S. And it is estimated that it costs the nation $170 billion annually. As a result, 46 states have mandated that insurers must cover diabetes medicine, supplies, and equipment. But you may have to engage in a letter-writing campaign to get your health insurer to pay for certain medical devices. Also, if you’re on Medicare or Medicaid, you can check online to see if these government programs will reimburse you for diabetes supplies.
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Who pays the most for diabetic test strips
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The Benefits Are All Around
Who buys diabetic test strips? Tens of millions of Americans are afflicted with Type 1 and Type 2diabetes and the vast majority buy test strips to monitor their blood sugar, oftentimes needing to checktheir condition multiple times a day. Those who are insured pay a minimal amount for the strips, butthose without health insurance pay a much much higher price. An efficient online marketplace hasgrown up to resolve that disparity, providing the insured a place to sell diabetic test strips for cash andthe uninsured access to affordable diabetic supplies. Both sides win. Sellers can feel confident that theyare benefiting others and putting extra test strips to good use while buyers can get the supplies theyneed.
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Is It Safe To Sell Diabetic Test Strips
It is important to do your research before doing business with someone. Make sure the are a legitimate company. There are scammers who dont pay you when they receive your test strips.
At Test Strip Search, we only buy unexpired, undamaged, and factory-sealed boxes. We never reveal our clients personal information. Our clients safety is our top priority.
Ready to sell your test strips? Get your prepaid postage label here.
What Diabetes Supplies Do I Need
Depending on the type of diabetes you have — type 1 diabetes or type 2 diabetes — you’ll need to purchase:
- A glucose meter
- Lancets to pierce your finger for a blood sample
- Urine test strips to measure ketone levels
- Glucose tablets
- Emergency alert bracelet
There may be other supplies you’ll want to purchase, such as control solutions or specialty items like carrying cases.
Also Check: Why Do I Need Insulin
How Long Have These Strips Been On The Market
Diabetic test strips can cost as much as $2 per strip, which larger companies justify with the cost of research to keep improving their product. While scientists are always making advances in diabetes testing, the idea of a patients glucose level through a meter has been around for a while.
Curating the enzyme to turn it into an electrode was first explored in the 1950s, but not a reality until the 1960s. Leland Clark created a paper on the subject in 1956. He turned his idea into the first biosensor in 1962.
Its use in diabetes management came into play in the early 1970s, where it first was used in hospitals. But it wasnt until the early 1980s that home monitors debuted on the market.
Since then, it has been incredibly common for Type 1 diabetics to monitor their own glucose at home. However, due to the high cost of the machines, stips and needles may Type 2 patients dont know how to test their own glucose level. This is because the government fears bearing the incredibly high cost.
With so many people living with diabetes, and the strips costing between $1-$2 a strip, it is no wonder why the government is reluctant to take on the burden.
But this shoulders the burden onto the diabetes patient, and it can be incredibly taxing. Some diabetes patients have their test strips covered by Medicaid or Medicare, but this isnt the reality for every patient.
Therefore, many must pay for these strips out of their own pockets, regardless of how expensive they are.
Should You Sell Your Diabetic Test Strips
Ultimately, Cash for Diabetics is an online version of the companies you see in your neighborhood buying and selling diabetic test strips. The company clearly lists its prices online and will send you a pre-paid box for shipping.
The only possible problem with Cash for Diabetics is its ability to deny cash for your test strips if they dont meet the eligibility requirements: like if the packaging is slightly damaged or unsealed. If you send in test strips that dont meet the requirements, then the company takes possession of your test strips without giving you payment so you could end up with no cash and no test strips.
However, as long as you meet the requirements of providing sealed, unexpired, and packaged diabetic test strips, Cash for Diabetics seems to be a straightforward way to make money through the legal grey area of selling unused medical supplies online.
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Are There Devices That Can Help Manage Diabetes
There are many new tools that can help people with diabetes manage this disease just as they manage other facets of their lives. For instance, increasingly sophisticated software programs are available that allow you to track and analyze trends in blood sugar levels over a period of time. These programs allow you to download and store data from a blood glucose meter directly onto a computer or cell phone and then view charts that show what percentage of time your glucose levels were within normal ranges. You will also be able to see what percentage of time they were above or below normal. These programs do more than just help you understand when glucose levels change and when they stay stable. They also let your doctor review the same data in order to make recommendations that help you stay well.
Another way you can help manage diabetes is by using a continuous glucose monitoring system . A CGMS is an FDA-approved device that records blood sugar levels throughout the day and night. This technology allows you to use the results of glucose monitoring to make informed decisions about nutrition, activity level, and medication.
Other tools include smaller, disposable glucose monitors that can be worn directly on the skin and concealed under clothing. And there are combination tools that let you monitor blood glucose and administer insulin therapy with one piece of equipment.
How Test Strips Work
Diabetes test strips pack a lot of technology into a small space. The plastic strips are coated with a very thin layer of gold. The gold is cut into a pattern that becomes the stripâs circuit.
One end of the strip also has a coating of chemicals. They soak up your blood like a sponge and turn the glucose into electricity.
An electrical signal travels from the strip to the meter. The number you see on the meter is the speed of the electrical current. More blood sugar means a stronger signal. A stronger signal means a higher number on your blood glucose meter.
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What Do I Need To Know About Glucose Meters
Portable glucose meters are small devices operated by batteries. There are many blood glucose-monitoring systems available. Each brand and type has advantages and disadvantages. In addition, glucose meters range substantially in price, depending on the particular features you want. Some of the features to consider are convenience, quick response, and accuracy.
Keep in mind that some glucose meters require more blood than others. This is a big concern for very young children or for elderly people with diabetes. Some meters have a larger digital readout — an important consideration for older individuals or people with poor vision. And there are glucose meters that give results much faster than others, which can make them more convenient. Other differences may include portability, size, and cost.
Today, blood glucose meters can usually provide results in 15 seconds or less and can store this valuable information for you and your doctor. These meters can also calculate an average blood glucose level over a period of time. Some glucose meters also feature software kits that retrieve information from the meter and display graphs and charts of your past test results on a computer or cell phone.
Using the results from a glucose monitor, you can make daily adjustments in:
- The medications you take — for instance, how much insulin you need
- Your dietary choices — counting carbs
- Your exercise regimen
- Physical activities
How Does Cash For Diabetics Work
Cash for Diabetics works in a three step process:
Step 1) You request a kit from CashForDiabetics.com. You enter your basic contact information and the company sends you a postage-paid return kit to get started.
Step 2) You mail your unused boxes of test strips through the free mailing kit
Step 3) You get paid via a check delivered to your door.
When you initially sign up for the site, youll be prompted to choose how many boxes you would like .
The service is available in all 50 states as well as Puerto Rico. Currently, Cash for Diabetics is only available to American residents.
Heres how the company explains its business practices:
CashForDiabetics.com makes it fast and easy to get paid for your excess diabetic testing supplies. Simply request one of our free mailing kits by filling out the form above and well send you a postage-paid container to use for mailing us your supplies. Once we receive your package well inspect it for quality and then send you a check its that easy!
After receiving your strips, Cash for Diabetics will mail out checks within 2 business days of receiving your package. It claims that the check should arrive at your address within 2 to 8 business days.
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Why Are Diabetic Test Strips So Costly
Most Americans who suffer from diabetes check their sugar levels on a daily basis. For doing so, they require diabetes test strips that work along with their glucose meter for providing them with accurate glucose readings.
Diabetes test strips can set you back a fortune. Thats true, especially when you also include the fact that a diabetic has to utilize them on a daily basis. Some people may use them multiple times a day, which can increase their medical bills to extreme levels.
Test strips are highly crucial for diabetics. Unless you have enough insurance or healthcare, they can cost you a bombshell.
But why are test strips so costly?
While test strips differ from each other based on the meter that you utilize for monitoring your sugar levels, all strips are the same more or less.
A strip measures your blood samples glucose levels by measuring its electrical energy. Glucose is converted into an electrical current, which is then processed and displayed by the glucose meter.
Manufacturers do it by using enzymes that are capable of performing such conversions. However, they need to maintain a delicate balance. The enzyme must be kept active, but not excessively either.
Diabetic strips are capable of withstanding most weather fluctuations. Thus, they will not degrade these enzymes. Thats extremely important because were it not for this feature, users wouldnt have been capable of storing the strips in their houses because of rampant temperature fluctuations.
As Seamless As Possible
Diabetes test strips are available in 25-, 50- or 100-packs to help you accurately monitor your blood glucose. Whether you test weekly, daily or multiple times a day, you can buy the sufficient amount of blood glucose test strips so you always have a supply on hand. Some test strips don’t require coding and are simple to use. Diabetes test strips in easy-open packages can absorb effectively to contain the blood sample. Make sure your test strips are compatible with your diabetes monitor, since certain monitors will only work with test strips from the same brand.
Recommended Reading: Treatment Of Type 1 Diabetes In Child
You Asked: Is Selling Diabetic Test Strips Legal
A State Journal reader who noticed signs popping up at several Frankfort intersections asking residents to sell their diabetic test strips inquired as to whether it was a scam.
A sign reading ‘we buy diabetic test strips’ is posted on a traffic sign at Spaghetti Junction on Monday.
The test strips, which are used several times a day by Type 1 and Type 2 diabetics to measure blood sugar, are single-use and contain a laminate of plastic and chemicals. With more than 30 million Americans diagnosed as diabetic and testing strips retailing at roughly $1 per strip, buying and selling the products has become a lucrative industry.
Heres how it works.
Much like prescription medications, manufacturers set the list prices for diabetic testing supplies high and then offer substantial discounts to those with good health insurance. This significantly lowers the cost for consumers, who end up paying very little or nothing for the test strips.
However, those who do not have health insurance have to pay for the expensive diabetic supplies out-of-pocket.
This is where the middleman those advertising to pay cash for test strips comes in. He or she purchases the extra supplies from the diabetes patients with good health insurance who are looking to make a little cash, adds a mark-up and sells them to the uninsured or underinsured diabetic at a lower price than they would pay for the over-the-counter supplies.