Can You Sell Insulin Supplies? Know Your Options
People with diabetes often have a surplus of diabetic supplies and need money for other reasons. But can you sell insulin supplies for cash when you need extra money? The answer is no; insulin is a Schedule IV controlled substance. Buyers need to have a prescription from a doctor to buy it, and only licensed medical institutions can sell it. However, that doesn’t mean that your extra diabetic supplies can’t be useful to you and others.
Is it Possible to Sell Insulin Pens for Cash?
It’s currently illegal to sell your insulin pens for cash. Since insulin pens combine the vial and syringe into one device, they all contain insulin and face the legal regulations on Schedule IV substances. However, you can donate your unused insulin pens.
What to do With Unused Insulin Pens?
If you have unused insulin pens, you can help others with diabetes by donating them to advocacy groups. However, the pens need to cross a few quality control standards. First, the insulin pens need to be unopened, and second, they need to be unexpired. From there, you just need to contact an organization such as Insulin for Life to arrange a donation.
Can I Sell My Diabetic Test Strips?
On average, diabetic test strips are the most expensive cost of diabetes, but thankfully you can resell your surplus. Since diabetic test strips are an over-the-counter item anyone can buy, there are no regulations on buying or selling them. If your diabetes has improved or you received more test strips than you can use, it’s legal to sell your diabetic test strips.
What Types of Diabetic Supplies Can You Sell?
Insulin supplies are off-limits for resale, but over-the-counter medical supplies are sellable. These include:
Test Strips
Lancets
Continuous glucose monitors
Insulin pump cartridges
According to GoodRx.com, these types of supplies are up to 2/3rds of the average diabetes-related expenses in America. That means there’s a strong market for discount diabetic supplies, you just need to find a buyer.
Who Buys Diabetic Supplies?
You have a few choices of where to sell diabetic supplies for cash; friends and family with diabetes might buy them. But if you don’t know anyone personally, your main choice is to seek a buyer through an online marketplace or a reseller. Resellers offer fast, guaranteed cash for certain diabetic supplies, which means they’re often the best choice.
Online marketplaces might offer the best return, but finding a legitimate buyer can be stressful and time-consuming. Downsides include having to manage your listings, dealing with haggling, awkward in-person meet-ups, and the risk of fraud. As time goes by, your diabetic supplies creep closer to their expiration date. Locking in a good price now is often better than racing against time to try for a better rate.
On the other hand, resellers have clear, transparent sales processes and pricing. The main risk is that if you choose the wrong reseller, you might not get the best value for your diabetic supplies. That’s why you should sell your surplus supplies with Diabetic Exchange USA.
Where Can I Sell My Insulin Pump Supplies?
You can sell insulin pump supplies and other over-the-counter diabetic supplies at Diabetic Exchange USA. After you fill out a sale form on our website, we’ll send a prepaid shipping label. We offer fast payment and the best rates on all types of OTC supplies for diabetes.
Get Quick Cash and Help Others with Diabetic Exchange USA
At Diabetic Exchange USA, we offer a streamlined sale process and fair rates. After you check our price list, decide if the rate matches your expectations. If you’re ready to sell your diabetic supplies, here’s how it works:
Fill out the sale form on our sell diabetic supplies page.
Wait for your prepaid shipping label, then send us your supplies.
A day after your supplies arrive, you get paid.
It’s important for people with diabetes to help each other. By selling your surplus with Diabetic Exchange USA, you put cash in your pocket while helping others buy quality diabetic supplies from a trusted discount supplier. Fill out our sale form and sell your extra supplies today.