Pharmacy Choice - Six Leading New York and New Jersey Medicare Advantage Plans Now Offering Monthly OTC Benefits Via Medagate OTC Network Card
Plan members will now have easier access to their OTC benefits
NEW YORK(BUSINESS WIRE) Medagate Corporation, the company that powers OTCNetwork?, the only national over-the-counter (OTC) healthcare benefit payments platform, and a wholly owned subsidiary of InComm Holdings, Inc., today announced that, beginning this month, over 100,000 Medicare Advantage plan members in New York and New Jersey will receive their monthly OTC benefit via the OTCNetwork Card. The OTCNetwork Card gives plan members convenient access to valuable OTC self-care benefits at leading retailers. For Medicare Advantage plans, the OTCNetwork Card is an innovative tool to increase member satisfaction, decrease doctor and emergency room visits arising from minor ailments and improve overall member health. Medicare Advantage plans offering the OTCNetwork Card to their members in New York and New Jersey include HealthPlus, Healthfirst,VNSNY CHOICE and Access Medicare. On February 23rd Medagate will be hosting a free webinar on Medicare OTC strategies for health plans. For more information go to https://www.otcnetwork.com/resource.aspx.
Many Medicare Advantage plan members do not take advantage of OTC Medicare benefits because they must either pay out-of-pocket for OTC items and seek reimbursement, or order online via a catalog and wait up to a week to receive OTC items. Lack of immediate access to OTC benefits can lead to negative consequences such as unnecessary doctor and hospital visits or untreated conditions that later require urgent care. The OTCNetwork Card functions like a conventional pre-paid card, but restricts usage to the purchase of OTC Medicare eligible items for use in self care.
Comments from participating health plans:
- Over the last year, the OTCNetwork Card has played a key role in increasing overall member satisfaction, member retention, and new member acquisition. Through the OTCNetwork Card, our members have enjoyed timely and direct access to their benefit,? said Steven Rivera, Vice President of Medicare Sales for HealthPlus.
- This partnership with Medagate Corporation allows Healthfirst to provide a convenient solution for our members over-the-counter needs,? said Pat Wang, Healthfirst President and CEO. This added benefit reinforces our commitment to ensuring member satisfaction and effective customer service.?
Providing immediate retail access to OTC benefits is our responsibility to our members, and is essential in realistically addressing the challenges around the increasing cost of care,? said David Kleinhanzl, Chief Operating Officer of Access Medicare.
About Medagate and the OTCNetwork?
The OTCNetwork? is owned and operated by Medagate and is currently integrated into Point-Of-Sale (POS) terminals at over 20,000 retail locations in all 50 states. Medagate partners with leading health plans and state governments to enable Medicare Advantage and State Medicaid programs to provide more efficient access and use of OTC item benefits. OTC Medicare Network? re-loadable prepaid cards are the first to restrict usage exclusively to OTC Medicare and OTC Medicaid benefits eligible items. For information on OTCNetwork, please visit: www.otcnetwork.com. Medagate is a wholly owned subsidiary of InComm Holdings, Inc.
InComm is an industry leading marketer, distributor and technology innovator of stored-value gift and prepaid products using its state-of-the-art point-of-sale transaction technology and payment solutions to revolutionize retail product sales and customer experiences. With approximately $15 billion in retail sales transactions processed in 2011, InComm is the nation's largest provider of gift cards, prepaid wireless products, reloadable debit cards, digital music downloads, content, games, software and bill payment solutions. InComm partners with consumer brand leaders around the world to provide approximately 250,000 retail locations the products and services their customers demand. Since 1992, InComm's patented technologies have made the buying process easier for consumers, while streamlining the selling process for product and retail partners. InComm is headquartered in Atlanta with offices in Australia/New Zealand, Brazil, Canada, Japan, Mexico, Puerto Rico, the United Kingdom, Arkansas, California, Colorado, Florida, Georgia, Illinois, Minnesota, Oregon, Tennessee, Utah and Wisconsin. To learn more about InComm, visit www.incomm.com or call (800) 352-3084.
Copyright Business Wire 2012