Retail Plus Circular
Retail Promo Plus Management was formerly known as
Front End Reimbursement Program (FERP)
Medicare Advantage is part of what health plan
Medicare Part C
What are the 2 components that make up the program
Planograms & Pricing
Requests for third-party conversions must be submitted at least this many weeks before the effective date
3 - 4 weeks
Customers enroll in LEADER end caps through this system
Electronic Enrollment
Which customers are eligible to participate in Retail Promo Plus Management
All
What is the average annual plan allowance
$400
What is the enrollment cut-off date for the current month
the 15th of each month
To request a third-party conversion, this document must be completed and submitted by the ISF
3rd Party conversion request template
Over the last 20 years, aging in nursing facilities has done this, as more seniors choose home and community-based care
Decreased
Promotions have changed from post sale reimbursements to
Off Invoice Deals
Patients receive an allowance to buy eligible OTC health products, and these funds are typically reloaded on this schedule.
Monthly or Quarterly
How long does it take for an enrollment to be processed
24-48 hours
In this phase, the ISF identifies customer needs and determines the scope of work, such as whether it’s a start-up pharmacy, a restickering project, or a full conversion
Planning phase
Family caregivers spend an average of this percentage of their income on out-of-pocket caregiving expenses
26%
What are the 2 components that make up the program
Circular & Buck in a Basket
What is the percentage of recipients that enroll in a Medicare Advantage plan
54%
For FePM, this date marks the official close of the monthly billing cycle
At the end of the month
Utilizing third-party teams for conversions gives this group more time in the field to focus on selling
ISF
Enrolled customers receive end caps this many times per year
4 times a year
Promo pricing is sent to the pharmacies POS system via
832 EDI Files
Each year, about this dollar amount in unused OTC allowances from Medicare Advantage plans goes unspent
$5 Billion
Where can you find the most up-to-date versions of planograms
Vantus and PSC Teams Channel
At the beginning of each day, the ISF huddles with the third-party team to discuss this item for the day
Agenda
Can unsold product from the LEADER End Cap be returned
Yes