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.”
…
Removing barriers to high-value care
…
“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. “
…
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