Breaking News: Monthly Cigna Insulin Costs now Capped at $25.00!
Today Cigna and Express scripts took a major step towards driving down the price of insulin for everyday patients. Studies by groups like the American Diabetes Association that insulin prices are rising and people are cutting back due to affordability. For a chronic disease that costs the US more than 300 billion dollars yearly, highly priced insulin is as unethical as it is unaffordable. Insulin is a required drug needed to manage blood sugar levels. Without insulin, the consequences can be life-threatening. In fact, before the discovery of insulin, diabetes was a fatal disease.
Sadly, for many people the cost of insulin can be the difference between if they are treating their disease or just hoping it doesn’t get worse. Insulin too is only part of the problem. Since diabetes is a chronic disease, the cost of testing strips, meters, and regular blood work can be both financially and emotionally draining. With this Cigna insulin Patient Assurance Program, at least one of these factors is being addressed.
Cigna, Insulin, & Express Scripts
Cigna, working with Express Scripts has just announced a new capped price for monthly insulin. For participating Cigna plans, the Cigna Insulin Patient Assurance Program works by bumping down your copay. According to Cigna, this results in an average cost drop from $41.50 for a 30-day supply to $25.00 for that same 30-day supply. All of the savings works out to to about $200.00 a year. Taking into account that Diabetes is a life-long, chronic condition this could result in thousands of dollars in savings.
Who Benefits the Most from The Cigna Insulin Plan?
Everyone who needs insulin should benefit from lower prices offered by the Patient Assurance Program. By the way the press release was worded, certain plans may already be paying less then $25 for a month’s supply of Cigna insulin. People expected to see the biggest benefit will be those on a limited incomes, people who are on high-deductible plans (who may be paying premiums for prescriptions), and people who have been forced to cut back on their insulin due to financial constraints.
How Do I Take Advantage of the Patient Assurance Program?
First, you need to be a Cigna member. At the time of this writing open enrollment is currently closed and will reopen this year from Nov. 1st 2019 to Dec., 15th 2019. There are some circumstances which may allow you to sign up now, you should read about them on Cigna’s website or talk to one of their service representatives (click here).
If you are a member and interested in learning more about the Patient Assurance Program, I’d recommend calling Cigna directly or visiting their website.
Cigna indicates in their press release that they’ll “be activating this new program for participating plans by moving covered insulin products to a lower copay.” You may still want to call to make sure everything is going as planned and to learn when your lower costs will be reflected in your bills.
History of Eli Lilly & Discovery of Insulin
Want to learn more about, arguably, the greatest medical discovery of the 20th Century? Pick up a copy of Michael Bliss’ The Discovery of Insulin
Do you control your diabetes using a drug like Metformin? You might be surprised what you learn when check out our article about generic vs brand name prices. Generic Vs. Brand Name: The Shocking Price Difference of the 10 Most Common Drugs