Maximum Out-of-Pocket (MOOP) Expense
All Medicare Advantage plans have a maximum out-of-pocket (MOOP) limit of $6,700. This is mandated by law. However, plans like First Choice VIP Care Plus are allowed to offer a voluntary MOOP as low as $3,400.The First Choice VIP Care Plus Medicare Advantage plan MOOP is N/A. This figure does not include your monthly premium or the cost of your prescriptions (Part D Coverage).
What this means is that as soon as your copayments and coinsurance for doctor visits and hospital care reaches N/A, you will no longer pay copayment or coinsurance for the remainder of the year. This is your guarantee that a critical illness or serious accident will protect you from financial liability. It's just as important as the premiums and the co-payments.When comparing Medicare Advantage plans with traditional Medicare, don't forget that you pay about twenty percent of all covered expenses, but there's no limit. That means you have a lot of risk unless you purchase a Medicare supplement policy to cover the gap.
CMS 5-Star Rating
The Centers for Medicare and Medicaid Services (CMS) rates the relative quality of all private health insurance offered through the Medicare Advantage program. The ratings are designed to assist people considering enrolling. CMS rates plans on a one to five-star scale, with five stars representing the best quality.
The First Choice VIP Care Plus Medicare Advantage plan is new and has not yet been rated by CMS. This is why the plan's rating is listed as out of 5 stars (as of 15 October, 2015).
Compare Medicare Advantage Plans
Compare First Choice VIP Care Plus with these top rated Medicare Advantage Plans available in Richland County:
- HumanaChoice H5216-056
- Humana Gold Plus H5619-080
- Humana Gold Plus H5619-081
- Care Improvement Plus Medicare Advantage
- Humana Gold Choice H8145-069
First Choice VIP Care Plus Availability
First Choice VIP Care Plus is available in Blythewood, Columbia, Gadsden, Ballentine, Hopkins, State Park, White Rock, Eastover, Irmo, and all other locations in Richland County.
For more information, see Medicare Advantage Plans in Richland County, SC.