Over-the-Counter Benefit with Medicare Advantage Plans

If you have a Medicare Advantage Plan, you likely have an Over-the-Counter (OTC) benefit. This is a benefit that gives you credit each quarter to spend on OTC items - things like Band-Aids, toothbrushes, vitamins, shower stools, etc.  These benefits are often quarterly and unused dollars don’t roll into the following quarter. 

Some companies have cards that you can use in specific retailers, others have online catalogs that you can order from, and other companies give both options. 

The Open Enrollment Period goes from Jan 1 - Mar 31.  This allows you to make a one-time plan change if you have discovered the current Medicare Advantage Plan, you’re on isn’t working quite right for you.  This is only for people who started January 1 on a Medicare Advantage Plan.

If you have questions, please don’t hesitate to shoot me a text or give me a call. 720-665-6015