Why You Should Offer an OTC Benefit Program
Wondering Why You Should Offer an OTC Benefit Program? Click to view full size.

An OTC Benefit is a great supplemental benefit for Health Plans to offer to their members.

Over-the-Counter medications and products are very popular in the US, with the average US households spending about $338 per year on OTC products. It is estimated that this is approximately 26 trips to a store per year to purchase OTC products. The OTC industry is about $40 billion in size and grew by about 2.8% during 2014. Using OTC products is an affordable treatment option for consumers and the entire US healthcare system because it allows people to self-treat for minor ailments and cuts down on unnecessary medical costs.

Tangible Benefit for Medicare Advantage Members

OTC Benefits popularity with consumers nationwide make this a great selling point for potential members. Members value the Over The Counter Benefit Program and speaking with our customer service representatives.

Potential members will like your Medicare Part C benefit because it supplements what they already spend on OTC products, and helps them to get necessary self care products. It is a tangible benefit for the member that comes directly from their Health Plan, showing that their daily health and wellness is a priority that they are willing to invest in.

Are you interested in finding out more about our OTC Benefit Program? Contact us today!

 

 

Here’s what our Members Have to Say

4.0
9
“Very, very courteous, helpful and she had great patience- Keep her [OTC Benefit Customer Service Representative] around forever!”
OTC Benefit Solutions
4.0
2017-02-16T09:23:30-05:00
“Very, very courteous, helpful and she had great patience- Keep her [OTC Benefit Customer Service Representative] around forever!”