Best Medicare Plans in Michigan
You can sign up for Medicare in Michigan during your Initial Medicare Enrollment Period. That period starts three months prior to the month you turn 65 and extends three months after your birthday month. That gives you seven full months to compare rates and plans online and then sign up for Original Medicare insurance and possibly Medicare Part C or a Medicare Supplement plan.
Some of the best Medicare plans in Michigan are available to U.S. citizens or legal residents over the age of 65. You may also qualify due to a disability. If you receive social security during the four months prior to your 65th birthday, you may receive automatic enrollment in Michigan Medicare once you turn 65. If you aren’t automatically enrolled in Original Medicare Part A and Part B, it’s your responsibility to enroll during your initial enrollment period.
Original Michigan Medicare insurance is composed of two primary parts:
- Medicare Part A – This is the portion that Michigan beneficiaries pay for prior to turning 65. There are usually no premiums, and coverage is limited to inpatient services from a hospital, skilled nursing facility, hospice or home healthcare service. Michigan beneficiaries must meet qualifications to redeem most Medicare Part A benefits.
- Medicare Part B – This section of Michigan Medicare covers medically necessary and preventative doctor’s visits, medical equipment, supplies, and ambulance services. Part B Medicare plans in Michigan are what you use to see a primary care doctor or specialist, obtain surgical services and diagnose health conditions. Benefits offered through Advantage plans may take the place of Original Medicare Part B.
Enrollment Statistics for Medicare in Michigan
- In 2018, there were approximately 2 million Medicare beneficiaries in Michigan.
- Approximately 800,000 Michigan Medicare beneficiaries were enrolled in Medicare Advantage plans or other special plans in 2018.
- In 2016, more than 400,000 Medicare beneficiaries in Michigan were also enrolled in Medigap plans.
- Plan C was the most popular supplemental plan for Michigan residents receiving Medicare in Michigan as of 2016.
Best Types of Medicare Plans in Michigan
- Medicare Supplement Plans in Michigan – Also known as Medigap policies, Medicare supplement plans are designed to cover the out-of-pocket expenses not paid by the Original Medicare benefits. In addition to overage charges from your doctor, a supplemental plan may cover deductibles, copayments, and coinsurance. Supplemental Medicare plans in Michigan are structured by the federal government. Rates will vary, but each insurance company must stick to a standardized coverage list for each Medigap plan. Compare rates online to receive the best premiums for your chosen Medigap policy, since the Medicare coverage you can enjoy for each plan will be the same from company to company.
- Medicare Advantage Plans in Michigan – While supplement plans serve as a backup to Original Medicare in Michigan, Advantage plans take the place of Original Medicare for each enrolled beneficiary. This insurance option is similar to HMO, HMO-POS and PPO
planthat is often offered by employers in the private sector. The federal government doesn’t regulate the coverage offered in these Medicare plans in Michigan so insurance companies can compete in added benefits and rates. You may be restricted to a certain network or service area with a Medicare Advantage plan.
- Medicare Prescription Drug Plans – Part D is the prescription drug plan that goes along with Original Medicare in Michigan. You’re eligible to sign up for a Medicare Part D plan when you enroll in Part A and Part B. You may not need a Part D policy if you enroll in an Advantage plan. If you choose not to enroll in a Medicare prescription drug plan during initial enrollment, you may need to pay a Medicare Part D late enrollment penalty. The penalty could increase your Medicare Part D rates for life.
- Special Needs Plans (SNP) – These are the best Medicare plans in Michigan if you have a diagnosed medical condition that requires specialized medical care. Special needs Medicare plans are focused on select conditions and are designed to meet the unique needs of select beneficiaries in Michigan.
Michigan Medicare Resources
Reading a complete description of benefits will help you understand what the Medicare program offers. You can look into programs for low-income Michigan residents, sign up for Medicare as a stand-alone health insurance option and learn about additional plan options that might work for you with these resource links:
- State Medicare Savings Program – Low-income residents may receive help from this assistance program to cover premiums, coinsurance, deductibles, and other out-of-pocket Medicare expenses.
- CMS: Centers for Medicare & Medicaid Services
If you’d like to learn about different health plans — such as Medicare Supplement insurance and Part D prescription drug coverage or Medicare Advantage prescription drug plan — we want to help. We make it easy to compare all of your options at one time, and we’ll even help you enroll in a health insurance plan from a provider with top star ratings. Call us today to speak to one of our licensed insurance agents so that you can get started.