Clover Health Announces Grocery Benefit Is Available to Eligible Members in 101 Counties
July 16 2021 - 9:00AM
Today, Clover Health (Nasdaq: CLOV) (“Clover”), an innovative
technology company committed to improving health equity for
America’s underserved seniors, announces that it's enhancing its
current over-the-counter (OTC) benefit to include groceries. The
new benefit is available to eligible members in 101 counties across
Arizona, Georgia, Mississippi, New Jersey, Pennsylvania, South
Carolina, Tennessee, and Texas.
Clover members who meet certain criteria, like having an
underlying health condition, such as cancer, chronic kidney
disease, or hypertension, will qualify for the benefit. Depending
on the plan the individual is enrolled in, they will receive up to
$125 in a quarterly stipend which can be used to purchase grocery
items, or OTC items, at many major retailers, local supermarkets,
and regional chains. The benefits card is easy to use and is
similar to a gift card in that it has a barcode on the back which
the store clerk scans upon checkout.
To allow for time to operationalize the enhanced benefit, Clover
will pursue a phased rollout. In phase one, beginning August 1,
2021, members who qualify within Clover's Georgia, New Jersey and
South Carolina markets will receive a $20 grocery stipend in
addition to a separate, existing OTC benefit. In phase two,
starting October 1, 2021, members who qualify within Clover’s
Arizona, Georgia, Mississippi, New Jersey, Pennsylvania, South
Carolina, Tennessee, and Texas markets will receive the combined
benefit.
“About 80% of Clover members have an underlying health
condition, which means basic food access is vital to maintaining
their physical and mental health. The inspiration for a grocery
stipend stems from the countless empty fridges our nurses encounter
when checking on our members in their homes. This benefit isn’t
just about improving nutrition––we’re addressing food insecurity in
its truest form; where people often have to make a hard choice
between buying food, filling their prescriptions, or paying their
utility bills,” said Vivek Garipalli, Clover’s Chief Executive
Officer.
Participating retailers include ACME Markets, CVS, Duane Reade,
Food Lion, Kroger, Stop & Shop, Walgreens, and Walmart. Clover
will continue to add more and more participating retailers over
time. The grocery benefit covers grocery services, including food
and non-alcoholic beverages, as well as typical drug store “Over
The Counter” (OTC) items, such as ibuprofen, bandages, and
vitamins. The card may also be used for delivery through Walmart,
for OTC items enabling swift access for individuals who are
homebound or have difficulty leaving the home.
In an effort to address social determinants of health on
multiple levels, earlier this year Clover introduced a new healthy
lifestyle magazine for members, Clover Living. The magazine
encourages members to be proactive about managing their conditions,
featuring advice from clinicians, accessible healthy recipes, and
tips for caregivers.
About Clover: Clover Health (Nasdaq: CLOV) is a
next-generation risk-bearing organization aiming to achieve health
equity for all Americans. While our mission is to improve every
life, we particularly focus on seniors who have historically lacked
access to affordable high quality healthcare.
We aim to provide great care, in a sustainable way, by having a
business model built around improving medical outcomes while
lowering avoidable costs. We do this while taking a holistic
approach to understanding the health needs and social risk factors
of those under our care. This strategy is underpinned by the
company’s proprietary software platform, the Clover Assistant,
which is designed to aggregate patient data from across the health
ecosystem to support clinical decision-making by providing
physicians with real-time, personalized recommendations at the
point of care.
Making care more accessible is at the heart of our business, and
we believe patients should have the freedom to choose their
doctors. We offer two models of care: affordable Medicare Advantage
plans with extensive benefits; and care coordination for Original
Medicare beneficiaries through Direct Contracting. For both
programs, we provide primary care physicians with the Clover
Assistant and also make comprehensive home-based care available via
the Clover Home Care program.
With its corporate headquarters in Nashville, Clover’s workforce
is distributed around the U.S. and also includes a team of
world-class technologists based in Hong Kong. The company manages
care for Medicare beneficiaries in eleven states, including
Arizona, Georgia, Kansas, Mississippi, New Jersey, New York,
Pennsylvania, South Carolina, Tennessee, Texas and Vermont.
Contacts:
Investor Relations:Derrick Nuemaninvestors@cloverhealth.com
Press Contact:Andrew Still-Baxterpress@cloverhealth.com
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