Patients with Type 1 Diabetes Spend About $2,500 a Year in Health Care Costs

While insulin comprises a big part of diabetes expenses for children and adults, diabetes-related supplies can cost even more.

From the Jun 1, 2020 University of Michigan Health Lab News Release

“

Adults and children with type 1 diabetes will spend an average of $2,500a year out-of-pocket for health care – but insulin isn’t always the biggest expense – new research suggests.

While out-of-pocket costs for insulin was substantial, it accounted for just 18% of total out-of-pocket expenses for health care, according to the findings in JAMA Internal Medicine.

In fact, insulin accounted for less out-of-pocket spending than diabetes-related supplies, such as insulin pumps, syringes and continuous glucose monitors.”
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Removing barriers to high-value care
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 “Several states and insurers imposed monthly caps on these [out-of-pocket] costs [for insulin] earlier in 2020. The Centers for Medicare and Medicaid Services just announced that many elderly Medicare beneficiaries will soon pay no more than $35 for a one-month supply of insulin. “
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More at the news release

Help for paying for diabetes medicine and supplies

• Needymeds – Diabetes Assitance programs
  Companies, organizations, nonprofits
  
• Extra Help (sometimes called the Low-Income Subsidy, LIS)
  Medicare Part D assistance through the US Social Security Administration
  
• GoodRx
  Compare prices
  GoodRx collects prices & discounts from over 60,000 U.S. pharmaciesPrint free coupons – Or send coupons to your phone by email or text message
  
• Patient Advocate Foundation – Co-pay Relief
  Provides direct financial assistance to qualified patients, assisting them with prescription drug co-payments their insurance requires relative to their diagnosis
  
  Above note working? I will search for you.
  Email me at jmflahiff at yahoo