Type 1 Diabetes Costs $2,500 a Year With Insurance

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Even with insurance, out-of-pocket costs for Americans with type 1 diabetes average $2,500 a year, a new study says -- with 8% of patients spending more than $5,000 per year.

But 8% of patients have more than $5,000 in out-of-pocket costs, possibly due to having high-deductible health insurance plans or significant medical needs, researchers found.

"However, our study shows that even if insulin were free, families would still have substantial out-of-pocket costs for other health care. Policymakers should improve the affordability of all care for type 1 diabetes," Chua said in a university news release. Families of children with type 1 diabetes spent the most on diabetes-related supplies. Their average annual out-of-pocket costs reach $823, compared to $445 for adult patients. Four in five children used insulin pumps, continuous glucose monitors or both, compared with just over half of adults.

In type 1 diabetes, the pancreas produces little or no insulin. According to the American Diabetes Association, nearly 1.6 million Americans have type 1 diabetes.

 

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