Prepaid Cards Could Help OTC Switches Gain Against Rx Competitors
This article was originally published in The Tan Sheet
Executive Summary
Medagate Corp.’s payment technology that simplifies insurance reimbursement for OTCs could help level the playing field with competing prescription products.
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Medagate Links OTC “Purse” To Managed Accounts, Offers Discounts
Medagate’s Dual Value Card links payments from consumers’ managed accounts to receiving discounts on OTCs and other health and wellness products. Employers and insurers have the option of setting up the cards as pre-tax savings accounts, including with a separately funded “purse” for OTCs.
Medagate Links OTC “Purse” To Managed Accounts, Offers Discounts
Medagate’s Dual Value Card links payments from consumers’ managed accounts to receiving discounts on OTCs and other health and wellness products. Employers and insurers have the option of setting up the cards as pre-tax savings accounts, including with a separately funded “purse” for OTCs.
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