What is OTC coverage?
Asked by: Ms. Estefania Lang | Last update: July 23, 2025Score: 4.6/5 (19 votes)
What does OTC coverage cover?
OTC (other-than-collision) Coverage
Such instances include natural disasters, falling objects, animal accidents, vandalism, explosions, etc. It also will pay back the cost to repair or replace your windshield.
Who is eligible for OTC benefits?
Generally, individuals enrolled in specific Medicare Advantage plans that offer Over-the-counter (OTC) benefits qualify for an OTC card. These plans typically provide a set allowance for purchasing health-related items like medications, wellness products, and personal care items.
Can I buy toilet paper with an OTC card?
OTC items are not eligible if they are normally used for general health, are not used to treat a medical condition (e.g. lotion, shampoo (except for products used to treat dandruff), toilet paper, lip balm) or are cosmetic in nature (e.g. teeth whitening products, wrinkle reducers).
How often do you get money on your OTC card?
It's important to know when your OTC card reloads. Money might be added on a monthly, quarterly or annual basis, depending on your plan. And remember, if benefits don't roll over to the following period, you'll need to use them — otherwise you'll lose them. For example, some plans have a quarterly structure.
Over-The-Counter (OTC) Trading and Broker-Dealers Explained in One Minute: OTC Link, OTCBB, etc.
What food items can you get with an OTC card?
Examples of approved food items are fruits, vegetables, meats, poultry, seafood, eggs, dairy, rice, pasta, beans, and much more.
How much is the OTC benefit?
OTC benefits are typically structured on an allowance basis where an enrollee is provided an allotted annual, quarterly, or monthly allowance with quarterly allowances being the most common. On an annualized basis, the average allowance per enrollee in 2021 was $400.
What does OTC card not cover?
What does the OTC card not cover? A Medicare plan with an OTC allowance typically does not cover prescription medications, alcohol, tobacco products, cosmetics or items for general household use. Additionally, it usually cannot be used to purchase gift cards or pay for services such as doctor visits and lab tests.
Can I use my OTC card at Walmart for food?
OTC Food Benefit Card
You can use this card at the following participating retailers: CVS, Walgreens, Family Dollar, Dollar General, and Walmart. You will a receive gray colored OTC card, similar to the example shown, with a maximum $20 monthly limit for purchasing the approved food items items.
Can I use an OTC card on Amazon?
No, members cannot shop directly on amazon.com or use the Amazon mobile app to purchase products using their OTC credit or UCard. Do members need an Amazon Prime account to purchase products? No, members do not need an Amazon Prime account to purchase products.
Can I buy laundry detergent with my OTC card?
Use your $25 a month to get items like baby wipes, allergy products, pain relief medicine and more. You can also get everyday items like laundry detergent, soap and toothbrushes.
What are the requirements for OTC?
Drug products can be marketed without a prescription (i.e., nonprescription) or over-the-counter (OTC) if the Food and Drug Administration (FDA) determines they are safe and effective for use by a consumer without supervision by a licensed health care professional. have a low potential for misuse and abuse.
How to pay rent with an OTC card?
Rent/Mortgage Assistance
To make a payment, check with your landlord or mortgage company first to make sure they accept Visa and provide them with your OTC card information. Funds will be deducted from your OTC account.
How do I know if I qualify for OTC benefits?
To qualify for an OTC card, individuals must be enrolled in a Medicare Advantage plan that offers this benefit. These plans are available to individuals who are eligible for Medicare Part A and Part B.
What does OTC include?
- Pain relievers and fever control medicine (e.g., acetaminophen, ibuprofen)
- Decongestants (e.g., Sudafed*)
- Expectorant (e.g., Mucinex, Robitussin)
- Antihistamines (e.g., Benadryl)
- Saline nasal spray.
- Cough drops.
How much do I have left on my OTC card?
You may check check the balance on your OTC benefit card by calling the number on the back of your card or signing in to your OTC plan provider's online member portal.
What household items can I buy with my OTC card?
- Nicotine replacement therapy items.
- Band aids and first aid supplies.
- Food scales.
- Oral hygiene care products.
- OTC antibiotic creams/ointments.
- OTC antihistamines and allergy sprays.
- OTC cold/cough/flu drugs.
- OTC pain relievers.
Can I buy gas with my healthy Benefits card?
This allowance can be used for Over-the Counter (OTC) Items, groceries, home utilities and gas at the pump.
What stores accept the OTC?
In addition to shopping from Medline, members can use their OTC card in-store at CVS, Dollar General, Family Dollar, Rite Aid, Stop & Shop, Walgreens, and Walmart, and at Walmart.com. IMPORTANT: The new 2023 OTC card has a magnetic strip on the back for swiping the card at participating retail stores.
What does the OTC card pay for?
Some Medicare Advantage plans offer over-the-counter (OTC) cards as an additional benefit to pay for items like cold medicine, sunscreen, and over-the-counter painkillers. OTC benefits vary and can be difficult to use.
Is shampoo considered OTC?
These products are then considered both a cosmetic and an OTC drug, and must comply with the regulatory requirements of both categories. A simple example of this is the intended use of shampoo. Shampoo is considered a cosmetic because of its intended use to cleanse hair.
Can I buy bread with my OTC card?
Grains: Rice (white, brown, wild), pasta, oats, bread (check for specific restrictions on certain types of bread), cereals (some cereals may be ineligible). Canned Goods: Canned fruits, vegetables, beans, soups, tuna, etc.
Is OTC cheaper than prescription?
Q: Is it cheaper to buy a medication over-the-counter? A: Not always. OTC medications are generally not covered by health insurance plans and can be expensive. It may be easier to buy OTC medication if you do not have insurance that covers prescriptions.
How often can you use your OTC card?
Your OTC benefit can be used multiple times throughout the quarter, not to exceed your benefit allowance. Quarterly benefit periods are distributed as follows: Quarter 1 (January, February and March) Quarter 2 (April, May and June)
Why won't my Healthy Benefits card work at Walmart?
The benefits card has been used before the 24-hour waiting period after activation is over. The participant has insufficient funds in the benefit account to cover the expense. Non-eligible expenses have been included at the point of sale. (Retry the transaction with the eligible expense only.)