Best Medicare Supplement Plans in Michigan – F, G & N Benefits
You may have heard that some of the best Medicare Supplement insurance plans in Michigan are very advantageous to senior citizens who are receiving their Medicare benefits. This is true because these plans were designed to help you lower the expenses that your Original Medicare insurance does not cover. For example, when your doctor bills Medicare for an office visit, Medicare will only pay about 80 percent of the bill. The last 20 percent is what is left over for you to pay, but Medicare Supplement plans in Michigan can help lower these costs.
Best Type of Medicare Supplement Plans in Michigan
In Michigan, you have a choice between 10 different Medigap policies. A private Medicare insurance company sells standardized Medigap plans in Michigan, and each company determines which Medigap plans it will offer its customers. “Medigap policies” are supplemental plans that cover the expenses that Medicare does not cover.
An important point to remember is that insurance companies that sell the best Medigap policies are required to be licensed by the state of Michigan. Also, it is illegal for an insurance agent to sell you a Medigap plan if you currently have Medicare Advantage.
You may be able to qualify for Medicare Supplement insurance plans in Michigan that cover the following:
- A portion of your Part A coinsurance
- Part B coinsurance or copayment
- Part A hospice care coinsurance or copayment
- Skilled nursing care facility coinsurance
- Part A and/or Part B deductibles
It’s important to remember that every Medicare insurance company does not have to offer every Medigap plan, but if one insurance company does not carry the plan that you wish to purchase, you are welcome to buy the plan from another company.
Be aware that a Medicare insurance company can use underwriting to determine whether or not you qualify for Medigap plans in Michigan. In the event that you qualify, the insurance agent will use underwriting to determine what your copayments and premiums should be.
Benefits of Medicare Supplement Plan F in Michigan:
Some of the best Michigan Medicare Supplement plans offer significantly more coverage than others. For example, plans like Plan A offer very basic health care coverage.
Medicare Supplement Plan F in Michigan, on the other hand, is a very comprehensive plan and covers many things that would otherwise be out of pocket expenses for Medicare beneficiaries:
- Part A hospital coinsurance
- Hospital costs up to 365 days after benefits through Original Medicare are exhausted
- Part A hospice care copays or coinsurance
- Part A deductible
- Part B deductible
- Part B preventive office visit coinsurance
- Part B coinsurance or copays
- Excess charges for Medicare Part B
- First three pints of blood needed for a medical procedure
- Coinsurance for care in a skilled nursing facility
- Limited foreign travel emergency care
The U.S. government requires that all companies that offer Medicare Supplement insurance — such as Blue Cross Blue Shield or United Healthcare — offer the exact same standardized benefits for each plan. This means that it doesn’t matter which company you buy your Medigap insurance from your benefits will be the same. This isn’t just true for Plan F, either; it’s also true for Plan C and all of the other plans.
This little trick makes shopping for a plan — and finding the best rates — much easier.
Benefits of Medicare Supplement Plan G in Michigan:
For those who are looking for plan options that serve as a good Supplement for the federal Medicare program but who don’t want to pay the monthly premiums that are associated with Plan F and Medigap Plan G in Michigan is a great solution.
After all, it’ll cover almost all of the health care costs that are covered by Plan F. However, this health plan is typically quite a bit cheaper.
- Does NOT cover Medicare Part B deductible
Benefits of Medicare Supplement Plan N in Michigan :
If it’s a more affordable plan that you’re looking for, you’ll definitely want to check out the benefits and affordable monthly premiums for Medigap Plan N in Michigan:
- Does NOT cover Part B Deductible
- Does NOT cover Medicare Part B Excess Charges
- Requires $20 copay for office visits
- Requires $50 copay for emergency room visits
Medicare Supplement Plans in Michigan: When Can I Enroll?
The Medigap Open Enrollment Period is the best time for you to enroll in the best Medicare Supplement plan in Michigan. This initial enrollment period begins the month of your 65th birthday or, the day you become eligible and you are under age 65 and Medicare eligible due to a disability. You must enroll in Original Medicare insurance Part B before you will be able to purchase Medicare Supplement insurance plans.
Although a Medicare insurance company will use underwriting to determine your eligibility for a policy, during the Medigap Open Enrollment Period, you will not be charged more money for a Medigap plan than any other applicant. This will be true even if you have a pre-existing condition. If you do not purchase the best Medicare Supplement insurance plan in Michigan during the initial enrollment period, the insurance agent will not sell you a policy if you do not qualify during the underwriting process. That’s why it is essential that you do not allow the Medigap Open Enrollment Period to pass without purchasing your supplemental coverage.
If the initial enrollment period has passed and you still wish to purchase a Medigap plan, a Medicare insurance company may sell you a policy if you fall under one of the following categories:
- You have a guaranteed issue right.
- You don’t have an insurance policy.
- You have a pre-existing condition.
- You are currently having health problems.
To find the best Medicare insurance plan in Michigan, you need to compare rates that several insurance companies will charge you for your coverage. When you compare different insurance companies’ rates, you can choose to look into Medigap plans in Michigan that come from companies that are offering the lowest rates. Make sure that you compare rates for plans that are offering similar coverage to make this strategy work.
If you are married, you and your spouse may not be able to receive the same rates because you and your spouse will need to apply for your own policies separately. Also, you may not be able to obtain the same benefits because you cannot be beneficiaries of the same policy.
Medicare Supplement Plans in Michigan: Enrollment Statistics
The five most populous counties in Michigan are as follows:
- Wayne County has 2,061,162 people
- Oakland County has 1,194,156 people
- Macomb County has 788,149 people
- Kent County has 547,335 people
- Genesee County has 436,141 people
America’s Health Insurance Plans determined that 25.6 percent of Medicare recipients also enrolled in Medicare Supplement insurance plans in 2015. In addition to that, approximately 1,225,000 people enrolled in Medicare Part A and Part B also decided to purchase Medicare Supplement plans in 2017.
Michigan Medicare Resources
If you are a beneficiary of Original Medicare in Michigan and you would like to find the best Medicare Supplement insurance plan in Michigan or just want more information about Medicare, check out these links:
CMS: Centers for Medicare and Medicaid Services
You can explore the links above on your own for more information, but if you’re looking for even more help, call us today. From Part C Medicare Advantage plans to Medicare Part D prescription drug plans that offer prescription drug coverage to Medicare Supplements, our experienced agents are knowledgeable and can help you figure out the Medicare system.