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NerdWallet's Smart Money Podcast

My prescription drug costs are wrecking my budget. What can I do?

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2665 Ratings

🗓️ 5 August 2019

⏱️ 13 minutes

🧾️ Download transcript

Summary

Having Type 1 diabetes can be expensive. Just ask Paloma Kemak, aka Glitter Glucose on Instagram, who pays over $1,000 a month for her insulin. Dayana and Sean talk with her about her experience living with diabetes and offer tips to help manage the costs. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:22.8

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0:34.3

Hello and welcome to NerdBallet Smart Money Podcast, where we answer your real-world money questions in 15 minutes or less.

0:40.3

So you can get smart, then get back to doing you.

0:42.3

I'm Sean Pyleis here at NerdWallat H.Q.

0:45.3

Joined by my co-host, Deana Yocham.

0:47.3

So today we're talking about a topic that unfortunately affects everyone at some point in their life, and that topic is medical build.

0:55.0

And we're joined by Paloma Chemick, aka Glitter Glucose on Instagram.

0:58.0

She's a diabetes advocate and influencer who has traveled across the country and even to Mexico on the hunt for affordable insulin.

1:06.0

Yes, thank you so much for having me.

1:08.0

So I'm here because I, like you said, I live with type 1 and there's no cause, there's

1:14.0

no cure to this disease and my medical expenses just for insulin a month are about $1,000.

1:21.5

So I need all the advice you can give me.

1:24.9

Well, that is an eye-opening figure to me.

1:29.3

$1,000 in month, that is not an insignificant chunk of change.

1:33.3

That's for some people a month's rent or a couple car payments.

1:38.3

So it really can be a very big barrier to saving and planning.

1:45.0

Right.

1:46.0

And it's an expense I never thought I would have.

1:48.0

Right.

1:49.0

And as you said, there's no getting around it.

1:50.0

And so that's why we're happy to help you through this thorny question.

...

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