New Rules Aim To Save Money For Diabetics On Medicare
By Lynne Adkins
PHILADELPHIA (CBS) – New rules are now in place that could have some diabetics on Medicare searching for new testing suppliers.
Diabetics with original Medicare who get their testing supplies through the mail must now use companies with contracts with the federal system. Lorraine Ryan, spokeswoman for Centers for Medicare and Medicaid Services in Philadelphia, says it will save money for recipients and taxpayers.
“Rather than paying an approved amount — which prior to July 1st was around $78 for 100 test strips and lancets — Medicare’s new approved amount is about $22,” Ryan said.
The change drops co-pays to under $5. She says some people may have to switch suppliers, but you can still walk in and purchase supplies at local Medicare approved pharmacies. Or you just go on Medicare’s website and plug in your zipcode for a list of approved companies.