2019 Over-The-Counter Statistics

Friday, May 31, 2019

 
Why should you consider an over-the-counter supplemental benefit for your Medicare Advantage members?
 
 
The numbers don't lie.
 

 
Offering your members enhanced access to OTC products can reduce financial strain on other healthcare costs:
healthcare savings
 
 
 



 
The OTC benefit is steadily rising in popularity, with a significant uptick in 2019:

market penetration

 
 
 



 
Seniors are shopping for supplemental benefits, and an offering like OTC can have an impact on your enrollment:

 

2019MA_enroll-increase

2019MA_enroll-decrease

 

*This analysis from Pareto's Spotlight technology compared the most recent year-over-year data giving a snapshot of how the OTC benefit affected enrollment for existing plans for the 2019 year. This data set excludes new health plans and plans that exited the market.




 
Partnering with a leading solution provider supplying an end-to-end solution can also impact those enrollment numbers:

 

Convey_enroll_6percent-growth

2019 convey increase

 
 
 



 
 
 
 
MiramarOTC_Miramar-OTC 2
 
 
 
 
 
 
 
Resources:

1 Pareto Intelligence, 2019 Enrollment Data Analysis

HealthScape Advisors, "The Rise of Over-the-Counter (OTC) Programs in Medicare Advantage Plans"April 2019

3 Consumer Healthcare Products Associate, White Paper: Value of OTC Medicines to the US Healthcare System , March 2019