OTC Benefits Programs for Medicare Advantage Health Plans
Whether your health plan is using funds earned through achieving superior Star ratings, or using supplemental benefits as a means for boosting plan membership in a competitive market, it is important that your supplemental benefits program not only attracts members, but is a factor in increasing member retention.
The challenge for health plans: Choosing a supplemental benefits program that will provide worthwhile benefits to their members, without presenting the plan with onerous administrative burdens and compliance concerns.
OTC Stores’s LLC supplemental benefits program makes it possible for members to conveniently access much needed OTC medicines that can treat many common illnesses. In fact, these medicines often prevent more serious illnesses – as each dollar spent on OTC medicines saves over seven dollars for the U.S. health system, according to the Consumer Healthcare Products Association.
Medicare health plans also benefit from OTC programs, though. With an OTC benefits program from OTC Stores LLC, your health plan could experience:
Plan awareness through the use of branded catalog
Improved outcomes through innovative plan design and member outreach
Improved member satisfaction and retention
May increase Star & NPS ratings