With an increasing number of people living with diabetes, the demand for diabetic test strips has surged. For many, these strips are essential for monitoring blood sugar levels and managing their condition. However, you might find yourself with an excess supply of test strips due to changes in prescription, switching to a different glucometer, or improved blood sugar management. But is sell diabetic test strips worth it? Here's what you need to know.
An Industry on the Rise
The market for second-hand diabetic test strips is growing rapidly. According to recent estimates, over 37 million Americans are living with diabetes, with some patients requiring a substantial number of test strips monthly. However, insurance plans and pharmacies often send more supplies than necessary, creating surplus inventory for users.
Unopened and unexpired test strips can be resold on various platforms for monetary gain. These second-hand strips often end up in the hands of uninsured patients or those unable to afford the high retail prices, creating an alternative ecosystem that benefits both sellers and buyers.
How Much Are Test Strips Worth?
The resale value of diabetic test strips depends on several factors, including brand, demand, and expiration date. Brands like Accu-Chek, FreeStyle, and OneTouch are highly sought after, with boxes sometimes fetching between $10 and $50 per box. Newer test strips or those with long expiration dates tend to be worth more.
For example:
- A box of 100 OneTouch Ultra test strips might sell for $30-$40.
- Accu-Chek Guide strips can sell for upwards of $25 per box.
If you have several boxes sitting unused in your cabinet, selling them could result in easier cash flow for you while helping others save significantly.
Legal and Ethical Considerations
While selling extra test strips may sound appealing, there are some legal and ethical things to keep in mind.
- Legality
It's generally legal to sell diabetic test strips as long as they were not purchased through Medicare or Medicaid. Selling test strips acquired through these government-subsidized programs is prohibited since the costs are federally funded.
- Purpose
While some platforms market themselves as a way to help those in need, it's essential to confirm that your excess supplies are going to legitimate buyers or organizations that support underinsured individuals in need.
The Environmental Benefit
Reselling extra diabetic test strips also has a surprising environmental impact. Millions of unused medical supplies, including test strips, end up as waste each year. Reselling or donating your extras ensures they're utilized, reducing waste and contributing to sustainability.
Should You Sell Your Test Strips?
Ultimately, the decision to sell your extra diabetic test strips depends on your circumstances. For many, it’s an effortless way to declutter, make a little extra money, and help others. However, it’s crucial to follow the legal guidelines and ensure you're selling to a reputable organization.
If donating is an option for you, many charities accept diabetic supplies to support low-income individuals. Explore the best option for your situation and make a choice that aligns with your values.