2025 Clover Health Medicare Advantage Benefits Demonstrate Commitment to New Jersey Seniors
October 15 2024 - 8:15AM
Clover Health (Nasdaq: CLOV) (“Clover” or “the Company”) has
announced the debut of its 2025 Medicare Advantage (MA) plan
offerings in New Jersey. Clover offers a range of affordable and
flexible healthcare options for Medicare beneficiaries, which are
designed to meet the unique needs of New Jersey seniors, especially
those on fixed incomes facing rising costs of living.
For full plan details, availability, and eligibility visit
https://www.cloverhealth.com/plans.
“We are proud to reaffirm our commitment to New Jersey by
maintaining our affordable benefit-rich PPO plans for 2025,” said
Jamie Reynoso, Clover’s CEO of Medicare Advantage. “At a time when
many plans are scaling back, Clover is the calm in the eye of the
storm, delivering stability and increased value for our
members.”
Clover’s 2025 plans in New Jersey focus on PPOs, but also
include HMO offerings to cater to a wide range of healthcare needs.
PPO plans offer highly competitive in-network and out-of-network
costs, empowering members to access the care they need without the
burden of high out-of-pocket expenses. For 2025, Clover has
strengthened its product positioning to minimize disruption while
delivering added value to members including low specialist and
prescription drug copays, enhanced OTC and dental allowances, and a
rewards program with the potential to earn up to $400 annually for
completing healthy activities.
“After a decade of serving New Jersey’s Medicare beneficiaries,
we understand the unique struggles they face, and we are committed
to providing plans that deliver premium value as well as help them
manage their day-to-day healthcare costs,” added Reynoso. “From
offering the $400 rewards program to ensuring access to low-cost
prescriptions and primary care, we’re here to help our members stay
healthy without compromising on quality or affordability.”
Clover’s 2025 PPO plans received a 4 Star rating from the
Centers for Medicare and Medicaid Services (“CMS”). Currently, over
95% of Clover’s Medicare Advantage membership is served through its
PPO plans.
For information on Clover Health’s Medicare Advantage plans,
visit www.cloverhealth.com.
Federal Contracting Disclaimer: Clover Health is a Preferred
Provider Organization (PPO) and a Health Maintenance Organization
(HMO) with a Medicare contract. Enrollment in Clover Health depends
on contract renewal.
The statements contained in this document are solely those of
the authors and do not necessarily reflect the views or policies of
CMS. The authors assume responsibility for the accuracy and
completeness of the information contained in this document.
Material ID: Y0129_24EX069_M
About Clover Health:Clover Health (Nasdaq:
CLOV) is a physician enablement technology company committed to
bringing access to great healthcare to everyone on Medicare. This
includes a health equity-based focus on seniors who have
historically lacked access to affordable, high-quality healthcare.
Our strategy is powered by our software platform, Clover Assistant,
which is designed to aggregate patient data from across the
healthcare ecosystem to support clinical decision-making and
improve health outcomes through the early identification and
management of chronic disease. For our members, we provide Medicare
Advantage plans in several states, with a differentiated focus on
our flagship wide-network, high-choice PPO plans. For healthcare
providers outside Clover Health's Medicare Advantage plan, we aim
to extend the benefits of our data-driven technology platform to a
wider audience via our subsidiary, Counterpart Health, and to
enable enhanced patient outcomes and reduced healthcare costs on a
nationwide scale. Clover Health has published data demonstrating
the technology’s impact on Medication Adherence, as well as the
earlier identification and management of Diabetes and Chronic
Kidney Disease.
Press Contact:Andrew
Still-Baxterpress@cloverhealth.com
Investor Relations Contact:Ryan
Schmidtinvestors@cloverhealth.com
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