How to Reduce What You Are Paying For Insulin

If you, like most people, feel like you pay too much for insulin, you are certainly not alone. Since insulin’s invention in the 1920s, the price steadily increases and stayed concurrent with the inflation until 2001 when it sky-rocketing and companies started price-gouging. Since then, some people, especially those without insurance, have to pay close to $300 to obtain their insulin. Since insulin is a life-saving drug, you should be able to obtain it affordably. The following are ways in which you can reduce what you are paying for insulin. 

Look for a Marketplace 

One of the best ways to find cheaper insulin without skipping on the quality is to look for a marketplace that has access to pharmacies that have lower insulin prices. Since drug prices can be negotiable in Canada, having access to different pharmacies’ insulin prices will allow you to review and select the cost of insulin on your terms. With marketplaces, you can find different types of insulin products for your specific needs. Think of it as bargain shopping for your insulin, finding the best deals out there so you can get more bang for your buck. A marketplace also complies with the different prices out there for you so it takes out the exhaustive search you would have to do on your own. 

Assistance Programs

Another way to reduce what you are paying for insulin is to research assistance programs that are available for you in your area. Assistance programs serve as patient advocate groups where they help those who can not afford insulin, with or without insurance. These programs typically are non-profit and work with doctors, civic groups, and even pharmaceutical companies to find the best prices or no-cost insurance medication for low-income and the uninsured. There are many assistance programs out there that are willing to help you and your financial situation to ensure you get the insulin medication that you need. 

Coupons

You can also look into coupons that will help reduce the cost of your insulin medication. Most coupons are accepted at pharmacies and can significantly reduce the cost of your medication. These coupons typically come from insulin medication manufacturers and are designed to significantly drop the price of medications so you can still purchase insulin at a reduced cost. Think of coupons for medications working the same as coupons you use at a store when you are shopping for clothes or food. Once you get the pharmacy and show your prescription for the insulin, once you hand over the medication coupon, the coupon will reduce your out-of-pocket price so you can continue purchasing your insulin at a lower cost, even if the prices continue to rise. 

 

Speak with Your Physician 

Speaking with your physician is probably the best way to find ways to reduce your insulin costs. Since most doctors have access to other insulin cost-cutting programs, coupons, and marketplaces, they will be your best point of contact for these resources. Doctors can also advise you on what type of insulin you need, whether it be rapid-reacting, pre-mixed, type 2 medications, or any specific types of insulin you need. It’s better not to go into your search for cheaper insulin blind as you may not find the best deals, only get access to older insulin medications or get insulin that is authentic, this potentially affecting your health and can even prove to be fatal. So, before you begin your search for cheaper insulin options, consult your physician first so they can direct you on the right path. 

You Don’t Have to Pay For Insulin at Full Costs

With all of the cost-cutting ways for you to find cheaper options for insulin, you should never feel like you need to pay for insulin at full price again. These resources will ensure that you can find different and cheaper alternatives without having to question whether or not if your insulin is safe. Next time you find yourself needing insulin and are worried about the spiking costs or do not have insurance, look into these resources and find the insulin that you need at a price on your own terms.