Another Open Enrollment Period has come and gone. For many Medicare Sales Specialists, it’s time to exhale and relax for a spell. But when it’s time to get back to work, it can be difficult to know where to start. Why not start with a courtesy call to your clients touting their Medicare Advantage plan’s Member Rewards Program?
Everything You Need to Know About Medicare Advantage Member Rewards Programs
Member Rewards Programs incentivize beneficiaries for completing health-beneficial tasks. Members earn dollars, typically in the form of gift cards, for a variety of actions such as:
- Signing up for the rewards program
- Completing a health risk assessment
- Completing an annual wellness exam
- Getting a flu shot
- Completing a cancer screening
- Completing certain exercise activities
Many carriers understand the benefits of instituting a Member Rewards Program. Why not spend a few dollars incentivizing members to complete healthy activities to avoid spending thousands of dollars in medical bills resulting from unhealthy living? Healthier Medicare plan members is a win for everyone!
Each carrier’s Rewards Program operates differently. For members completing all tasks, total rewards typically range between $100 to $250 annually. Individual activities can earn a member between $10 to $50. For instance, signing up for the program might earn a member $10 while completing a health risk assessment could earn them $25.
Show value to your clients by making them aware of their Member Rewards Program, maybe even helping them register.
How to Determine If Your Client Is Eligible for a Rewards Program
Program specifics can be found in their plan’s Summary of Benefits. Some carriers have information readily available on their websites. A few are listed below:
Remember, especially this time of year, being a hero to your clients is time well spent.