If you want a card that you can use for cash withdrawal, consider a prepaid debit card. The funds can only be used to purchase eligible items at participating stores. No, you cannot convert your OTC card to cash. Use it or lose it! Can I Convert My OTC Card To Cash? You can use it to purchase items that you may need in the future, such as cold medicine.ĭon't take a loss on your OTC card balance. If this is the case, take advantage of your balance and use it before the end of the quarter. This means that if you don't use all of your quarterly allowances, the remaining funds will be forfeited. Typically, you can't carry over your OTC card balance.
This can be a handy tool if you're on the go and need to find a participating store quickly.Ĭan I Carry Over My OTC Card Remaining Balance? Some providers also offer mobile apps that make it easy to check your balance and see what stores are in the network. You can usually find your balance by logging into your account on your healthcare provider's website. It's important to keep track of your balance so you don't overspend. The cashier will swipe or scan your card, and the purchase will be deducted from your OTC allowance. When you're ready to make a purchase, simply present your OTC card and eligible items list to the participating store. Nonetheless, this isn't true for every OTC card provider, so it's important to check with your specific healthcare provider to see what is and isn't covered. In some cases, you won't receive OTC card reimbursement if you use it to purchase general health and hygiene products. For example, if you have scalp psoriasis, your healthcare provider may cover the cost of medicated shampoo. However, if you have a specific medical condition that requires a certain type of shampoo, it's possible that your healthcare provider will cover the cost. This will also include toothpaste, body wash, deodorant, and other hygiene products. Can I Use My OTC Card To Buy Shampoo?įor some OTC card providers, general health items such as shampoo are not typically covered under an OTC card. If you're unsure about whether a particular food item is covered, be sure to check with your healthcare provider before making a purchase. Typically these are considered healthy foods it wouldn't make sense if your OTC card could be used to buy unhealthy junk food. Your healthcare provider will also have a list of eligible food items. This usually includes the necessities such as vegetables, fruit, eggs, milk, and bread. It's important to know that each provider is different, so be sure to research your specific provider to see what exactly is covered under your OTC allowance.ĭepending on your provider, you can buy groceries with an OTC card. Not all items in the store may be covered, so it's important to check with your provider before making a purchase. Once you know what stores accept your OTC card, you will also see what items are eligible. You can usually find this information on your provider's website or by calling customer service. It's important to double-check with your provider to see which stores are in their network. There are also big retail chains that accept OTC cards, such as: Nonetheless, there are several independent pharmacies and stores that accept OTC cards from a variety of providers. The tough part is finding participating stores that accept OTC cards. Once a quarter or when the calendar year is over, the funds will replenish, and you will have a new OTC allowance. From there, you can use the OTC card to buy medications and other wellness products at a participating store.įor example, if your quarterly OTC allowance is $100, every time you make a purchase using your OTC card, the amount will be deducted from that $100 until it is used up. Typically, your Medicare provider gives a certain amount of money on an OTC card to be used per quarter or per year. Many health insurance providers offer OTC cards, or over-the-counter cards, as a way to help their members save money on medications that are not covered under their health insurance plan. In addition, we will answer other frequently asked questions about OTC cards, so read on! In this article, we will discuss how an OTC card works and the stores that accept them. Knowing where you can use your OTC card is important so you can take advantage of the savings. Nonetheless, the most common stores that accept OTC cards are: But what stores accept OTC cards? Let's take a look at some of the most popular stores that accept OTC cards.ĭepending on your provider, your OTC card may be accepted at a variety of independent pharmacies and stores. OTC cards can help you get your medication for less.
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