Selling Diabetic Test Strips
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? Would you like to earn a little extra cash?
Yes, you can easily make money with those extra diabetic test strips, provided they are 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. Only some of them have health insurance or the cash to manage their condition.
As a diabetic yourself, you know how frustrating dealing with this disease can be. 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 got your strips through Medicare or Medicaid, you won’t be able to sell them. Selling anything the government paid for is illegal.
Different Situations that Leave People with Leftover Strips
You’re probably wondering how this business of selling pre-owned diabetes test strips came about. Here are different ways you or any other diabetic may end up with an excess supply of these strips:
>> Diabetes can be a unique experience for different people.Some people have to check their blood sugar levels more often than the rest.
>> Diabetes goes away. This is not usually the case, but it can occur in some cases, such as in gestational diabetes, which naturally fades away after childbirth.
>> You switch health insurance policies. A policy switch often comes with new supplies coming in.
>> You purchase a new machine. Sometimes, if you have a new machine, you’ll need a different type of strips, forcing you to leave your old strips unused.
>> A family member with diabetes passes on. 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. 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. 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 Go?
Anything can happen to your strips the moment they are purchased,but the idea is that a cash-strapped diabetic sill buy them for a cheaper price. In short, this business is not just a business, but also a cause.