Selling Diabetic Test Strips for Cash
Are you a diabetic who tests yourself with the use of those handy 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. There are more than 29 million diabetics today in the U.S. today and possibly up to 50% the total population has undiagnosed diabetes or is pre-diabetic. Not all of them have health insurance or have the money needed to manage their condition.
As a diabetic yourself, you know how frustrating dealing with this disease can be. 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, if you obtained your strips through Medicaid or Medicare, you can’t sell them. It’s illegal to sell anything the government paid for.
Different Situations that Leave People with Leftover Strips
You’re probably wondering how this business of selling pre-owned diabetes test strips came about. Below are different scenarios where you or any diabetic may end up with an oversupply of these strips:
>> Different diabetics may experience the disease in unique ways.Some people have to measure their sugar levels more frequently 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 have a new health insurance policy. If you switch policies, you will typically get a different amount of supplies.
>> You buy a new machine. Often, when you get a new machine, your old strips will no longer work.
>> A family member with diabetes passes on. We all come to an end, and when a diabetic does, he may leave behind unused diabetic test strips.
How Much for Diabetic Test Strips?
When a buyer decides to accept or reject a seller’s diabetic test strips, it usually depends on many factors, but the three most common criteria used are number of strips, number of boxes and brand. For example, you have a box of 50 good-brand unused and unexpired strips. That can put an effortless $16 in 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 other words, this whole business isn’t just a money-making activity but a cause in itself.