What Most People Ignore Until It is Too Late ~
Your OTC Medicare Benefits
One of the most overlooked Medicare benefits is also one of the easiest to use: your Over-the-Counter (OTC) allowance.
Many Medicare Advantage plans include a health item allowance, but most beneficiaries do not use it.
What can you typically get with OTC benefits?
- Pain relievers and cold medicines
- Vitamins and supplements
- First aid supplies
- Dental care products
- Eye drops and reading glasses
Based on your plan, you can order these items online, from a catalog, or pick them up at select retailers.
Here is the catch:
Most OTC benefits expire if not used within the designated time period (monthly or quarterly). If you do not use it, you lose it.
Why do people miss out?
- They forget the benefit exists
- They are unsure how to access it
- They assume it is complicated (it’s usually not)
Otium Financial Planners makes sure you are not leaving money on the table. During our reviews, we:
- Walk you through how your OTC benefit works
- Show you how to order or shop for eligible items
- Help you build a habit of using it consistently
It is a simple benefit, but when used regularly, it adds real value over the course of the year.
Disclaimer:
Not affiliated with or endorsed by Medicare or any government agency. This content is for educational purposes only and is not medical, legal, or financial advice. As a licensed agent/TPMO, Michele Marchiano does not offer every plan available, please visit Medicare.gov or call 1-800-MEDICARE for all options. Plan availability and benefits vary by location, and information may change.