Best Medicare Supplement Plans in Michigan
There are ten Medicare Supplement Plans to choose from. In Michigan, Medicare Supplement Plan G is the best plan with the most comprehensive coverage for 2023. Medigap plans do not use a network and go wherever Original Medicare is excepted.
The best price for Plan G in Michigan is with Cigna, which is $127 monthly.
There are ten standardized Medicare Supplement insurance plans.
What Do Medicare Supplement Plans Cover?
Below is a list of the top four plans with coverage highlights:
Medicare Supplement Insurance Plan G
- Medigap Plan G is the most comprehensive plan for those eligible after Jan. 1, 2020
- Offers almost identical coverage at a significantly lower monthly premium for those eligible for Medicare Plan F
- It covers everything except the $226 Part B deductible.
Medicare Supplement Insurance Plan N
- Medicare Plan N suits beneficiaries willing to trade benefits for savings on their monthly premiums.
- Has up to $20 copay for office visits
- Has up to $50 copay for emergency room visits (waived if admitted)
Medicare Supplement High Deductible Plan G
- Same Benefits as Medicare Plan G
- Annual Deductible of $2,700
- Significantly Cheaper than Medicare Plan G
- High Deductible Plan G is Considerably Cheaper than High Deductible Plan F
Medicare Supplement Insurance Plan F
- Medigap Plan F covers everything, including the Medicare Part A and $226 Part B deductible.
- Only individuals eligible for Medicare before Jan. 1, 2020, can join.
What’s the Most Popular Medicare Supplement Company in Michigan?
Based on our review of several key factors, Cigna is Michigan’s top Medicare Supplement company.
Although Cigna Medigap plans may provide some of the most affordable options in Michigan, cost should not be the only factor when selecting a Medicare Supplement provider. Every company has its unique pros and cons based on its coverage methods.
Cigna stands out among the competition due to its cost-effectiveness, numerous plan options, household discounts on premiums, and excellent customer satisfaction ratings.
This chart compares Cigna with other Medicare Supplement companies in Michigan. You’ll find helpful information here, like sample premiums and ratings.
| Plan G Cost | Company | Financial Strength |
|---|---|---|
| $127 | Cigna | A |
| $139 | Mutual of Omaha | A+ |
| $150 | Aetna | A |
| Plan N Cost | Company | Financial Strength |
|---|---|---|
| $101 | Mutual of Omaha | A+ |
| $109 | Cigna | A |
| $115 | Aetna | A |
When Can I Apply for a Michigan Medicare Supplement Plan?
The effective date for Medigap policies is 30 days after you enroll. Unlike Medicare Advantage and Prescription Drug Plans, Medigap plans in Michigan do not have an annual open enrollment window. Here’s when you can apply.
Medigap Open Enrollment Period
Your six-month open enrollment period eligibility begins when you have both turned 65 and enrolled in Medicare Part B. This is the best time because you have what is called guaranteed issue rights:
- No medical underwriting required
- A company cannot deny you coverage.
- Insurers must cover pre-existing health conditions
- An insurance company cannot charge more because of health history.
Special Enrollment Periods
There are a few other times when you can enroll in a Medicare Supplement plan in Michigan and have guaranteed rights:
- When you retire from group coverage
- If your Medigap insurer goes bankrupt
- You have Medicare Advantage or Medicare Select, and you move out of the plan’s service area
A licensed insurance agent can help determine your eligibility for a special enrollment period.
How to Choose a Medigap Plan in Michigan
As you compare plans available in your area, consider these factors:
Monthly premium: This is paid in addition to your Part B monthly premium. It is a set amount you pay each month, regardless of whether or not you use your benefits. The premium costs are determined based on several factors, such as the type of plan selected, age, gender, tobacco use, and state of residence.
Plan options: With every type of plan, you are offered basic coverage for Part A copays and coinsurance, at least a portion of the Part B copays and coinsurance, three pints of blood, and hospice care. However, other benefits may not be included. Check which benefits are most important to you before finalizing your purchase.
Insurance provider: Always check the ratings and reviews to understand other people’s experiences when looking for a carrier. You can also contact a company representative to discuss their customer service levels and responsiveness.
Extra discounts: Some insurance companies offer additional benefits or discounts once you become a member. For example, you may have access to discounted hearing aid providers or eyeglass suppliers.
Frequently Asked Questions:
Premiums range from $100 to $300 monthly. The cost of Medicare Supplement plans in Michigan will vary depending on factors such as the type of plan, age, and location.
The top-rated providers for Medicare Supplement plans include Humana, Aetna, United Healthcare, and Blue Cross Blue Shield of Michigan.
Yes, Plan G is offered in Michigan, and the average cost is between $115 to $175 per month.
Next Steps
We specialize in guiding Medicare beneficiaries through their Medicare insurance options. We work with some of the nation’s top-rated Medigap carriers to ensure you’re getting the best possible service. Review our Medicare Supplement Plans Comparison Chart and look deeper at the plans. Additionally, you can call us today to learn more or request a quote online.
Article Resources:
- Types of Medigap Plans
- How Much Do Medigap Plans Cost?
- When Can I Apply for a Medicare Supplement Plan?
- How Do I Enroll in a Medigap Plan?
- When Can I Change Medigap Plans?
- Can I Be Denied Medigap Coverage?
- CMS Medicare Services
- Michigan Medicare Savings Program
- Michigan Department of Insurance and Financial Services
Disclaimer:
Average quotes are for sample purposes only. Actual premiums are based on several factors, including health conditions, age, location, tobacco status, gender, and insurance provider.
