: By purchasing through these secondary markets, uninsured individuals can often find supplies at significantly lower prices than retail pharmacy rates. Important Risks and Considerations
: Some patients receive more strips through insurance than they actually use. people who buy diabetic test strips
: If a patient switches to a new glucose monitor or a Continuous Glucose Monitor (CGM), their old stock of strips becomes obsolete. Why Do People Buy Them? : By purchasing through these secondary markets, uninsured
If you are considering selling or buying from these markets, keep the following in mind: Why Do People Buy Them
: It is generally legal to sell over-the-counter (OTC) test strips, but selling strips paid for by government programs like Medicare or Medicaid is illegal and considered insurance fraud.
: Many "We Buy Test Strips" companies are wholesalers. They buy strips at a discount and resell them to people who lack insurance or have high deductibles.