If you’re just now visiting our blog, you can get a little more background into this series by heading to Part 1, where we talk about the ever-important copay. 

As for Part 2, let’s get right to it. Maximum Out-of-Pocket (MOOP) limits are a great feature of most MA plans, and they serve as another great way for you to gauge how much you’ll be paying out of pocket for your healthcare each year.

The MOOP Explained:

MA plans offer you insurance along the way, helping you save on copays and prescription drug costs, but they throw in an added bonus by guaranteeing that you’ll never have to spend over a certain amount on your medical care each year through the MOOP. That means if an unexpected illness or injury should arise, you'll never have to pay over the MOOP limit in a given year. 

The Importance of Comparing the MOOP:

The MOOP limit set by MA plans can vary significantly. One plan may guarantee you’ll never pay more than $2,500 for your care each year, while another may say $3,900. They can differ by that much. That’s why it’s so important to look at the MOOP when comparing MA plans. Just in case you should need more medical care than expected, it’s important to pick a plan that has a MOOP limit that’s affordable for you.

In Part 3 of our series, we'll discuss the importance of looking at a plan's Star rating before making your decision.