Selling Diabetic Test Strips for Cash
Are you a self-monitoring diabetic who uses those nifty test strips? Do you have too many of them taking up space in your home? 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 are health-insured or have money for managing their disease.
Being a diabetic yourself, you know the frustration that comes with managing this disease. You also know how costly it can be. What you probably haven’t thought about is that anything OTC you’ve bought at the pharmacy, is totally legal for you to sell. Of course, selling strips you got from Medicaid or Medicare Would be illegal. Selling anything the government paid for is illegal.
Different Scenarios Where People May Have Leftover Strips
You’re probably wondering how this business of selling pre-owned diabetes test strips came about. The following are various scenarios where you or any other diabetic may end up having more strips than necessary:
>> Diabetics may have unique experiences of the disease.Some people have to check their blood sugar levels more often than the rest.
>> Diabetes resolves eventually. This isn’t very common but it does occur in some circumstances, such as in gestational diabetes, which normally disappears after childbirth.
>> You replace your old health insurance policy with a new one. A policy switch often comes with new supplies coming in.
>> You have 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. None of us live forever, and when a diabetic passes on, he may leave some unused diabetic test strips behind.
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. Let’s say you have a box of 50 good-brand strips that neither used nor expired. That may be around $16 going straight into your pocket. There are even buyers that offer a referral fee of around $25 for each and every recommendation you make.
Where the Strips Go
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.