How to Save Money on Insulin in 2024

Insulin therapy is a standard treatment for those who have diabetes. Over the past few years, the cost of insulin has steadily increased and can be upwards of $300 a vial without insurance. There are many ways to save money on insulin, including patient assistance programs, insulin alternatives, and matching services.

Another way you can save money on insulin is through membership with Mira. For as little as $45 per month, members get access to up to 80% off over 1,000 different medications, including insulin, as well as low-cost urgent care visits and same-day lab testing. Everyone deserves to have affordable health; sign up for Mira today. 

10 Ways to Save Money on Insulin in 2024

Insulin therapy is a life-saving treatment for those who have diabetes. Without insulin, diabetes can be deadly, resulting in dysregulation of blood sugar levels and storage of glucose for energy. Due to rising prescription drug prices in the United States, insulin is relatively unaffordable, especially when paying without insurance. One vial of insulin can cost upwards of $300. 

There are many reasons for these high insulin prices, most of which are because there are only three big insulin producers. These companies account for more than 90 percent of insulin production worldwide, creating an insulin monopoly. Most insulin products have patents, so there are no cheaper generic versions available. Even without patents, 'generic' insulin is costly to manufacture, so companies are not incentivized to make it. 

Due to these high costs, there can be a lot of stress when paying for insulin. Many people forego treatment because they cannot keep up with the expense, which can be detrimental to their health. Luckily, we have found several resources to help you save money on insulin therapy.