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Geisinger Gold Preferred 200 Overview
Geisinger Gold Preferred 200 for Ocean County, New Jersey, by Geisinger Gold, is a Preferred Provider Organization (PPO) Medicare Advantage plan for seniors on Medicare. PPO health insurance allows you to choose your own primary care doctor, specialists and other healthcare providers. If you're on a budget you can lower your out-of-pocket costs by using the plan's provider network.
The monthly premium on this PPO plan is $58.00. Plus, co-payments and/or co-insurances also apply to most of the healthcare services you use. However, unlike traditional Medicare your out-of-pocket expenses are capped. As a result, you won't be vulnerable to excessive medical bills due to an accident or a critical illness.
Geisinger Gold Preferred 200 Quality Rating
After its first year on the market, the CMS (Centers for Medicare and Medicaid Services) gives each Medicare Advantage plan an overall one to five star rating. The unbiased quality assessment assists people when comparing plans. Medicare Advantage plans with five stars have the highest quality, whereas a one star plan has the lowest quality.
Geisinger Gold Preferred 200 is a new plan. It has not yet been rated by the CMS. That is is why the star rating is displayed as out of 5 stars (as of 15 October, 2013).
Geisinger Gold Preferred 200 Out-of-Pocket Expenses
By law, Medicare Advantage plans have an out-of-pocket limit of $6,700 per year. That said, plans can offer an out-of-pocket maximum as low as $3,400 per year. This plan's out-of-pocket spending limit is $5,000 per year. This amount is not inclusive of your monthly premium or the cost of your prescriptions. It's only what you pay when you receive heathcare services.
What this means to you is that you will no longer make co-payments or co-insurance payments when your out-of-pocket spending reaches $5,000. This is your safety net in the event of a critical illness or a serious accident. It protects you from serious financial liability and it should be carefully considered along with the premium and the co-payments.When comparing Geisinger Gold Preferred 200 with traditional Medicare benefits, don't forget that you pay about twenty percent of all healthcare expenses covered by Part A and Part B, but there is no out-of-pocket limit. In other words, you have a lot of risk unless you get a Medigap policy to cover the gaps.
Compare Medicare Health Insurance Plans
Make sure you get the best health insurance for your unique situation. Compare Geisinger Gold Preferred 200 with these Medicare Advantage plans:
- Aetna Medicare Premier Plan
- Geisinger Gold Classic 100 Plus $0 Deductible Rx
- Geisinger Gold Classic 100 Plus
- AmeriHealth 65 Preferred Rx
Geisinger Gold Preferred 200 is available in the following New Jersey cities: Barnegat, Barnegat Light, Beach Haven, Manahawkin, Tuckerton, Little Egg Harbor Twp, West Creek, Jackson, New Egypt, Lakewood, Bayville, Beachwood, Brick, Forked River, Island Heights, Lakehurst, Lanoka Harbor, Lavallette, Mantoloking, Normandy Beach, Ocean Gate, Pine Beach, Point Pleasant Beach, Seaside Heights, Seaside Park, Toms River, Waretown, Manchester Township, and all other areas of Ocean County.
CMS File Date: January 14, 2014.
This Medicare health insurance catalog is maintained by 10/26/2014.and was last updated on