Best Medicare Supplement Plans in Michigan for 2019

The best Medicare Supplement plans in Michigan for 2019 can help seniors bridge the coverage gap between what Original Medicare pays and the amount Medicare beneficiaries are responsible for. Because they bridge that gap, Medicare Supplement insurance plans are also called Medigap policies.

Any Michigan Medicare beneficiary enrolled in Medicare Part A and Part B qualifies to join Medicare Supplement plans in Michigan. Because Medigap plans in Michigan supplement Original Medicare, not replace it, you must stay enrolled in Medicare Part A and Medicare Part B to remain qualified for supplemental health insurance coverage.

If you’re shopping for the best Michigan Medicare Supplement plan for 2019, here’s what you need to know:

  • Medigap policies only cover one beneficiary. If you’re married, each spouse must buy a Medicare Supplement insurance plan.
  • You don’t have to worry about annual renewals. Medicare Supplement health plans in Michigan are guaranteed renewable as long as you pay your monthly premiums.
  • There are no network restrictions or referral requirements with Medigap policies in Michigan. You can see any healthcare provider or have services performed at any healthcare facility as long as they accept Medicare.
  • Your Medigap plan is portable. Services will be covered anywhere in the country as long as you see a Medicare-approved provider.
  • You have a 30-day free look. You can return your policy within 30 days with no penalty.
  • No Medicare Supplement insurance plans in Michigan are available to Medicare beneficiaries under age 65.

The Best Medicare Supplement plans in Michigan for 2019 help cover the following:

  • Medicare Parts A and Part B deductibles
  • Original Medicare’s coinsurances and copayments
  • Part B excess charges
  • Skilled nursing facility
  • Foreign travel
  • Home health care
  • Preventive care covered by Original Medicare

Medigap plans in Michigan are designed to offset Medicare Part A and Part B coverage gaps, but they don’t cover all out-of-pocket costs. Medigap policies don’t include:

  • Dental
  • Hearing
  • Vision
  • Prescription drugs (Part D)

Most Medicare beneficiaries opt for a separate prescription drug coverage plan to help with medication costs. Private carriers sell Medicare Part D prescription drug plans. Please Note: Certain Medicare Advantage plans ( Also known as Medicare Part C ) will cover these benefits but require the use of a network.

Medicare Supplement Plans in Michigan: Enrollment Statistics

Of Michigan’s nearly 10 million residents, about 16 percent are age 65 or older. Here are some Medicare enrollment statistics for Michigan’s seniors:

  • More than 2 million have Medicare coverage.
  • About 60 percent have Original Medicare.
  • About 21 percent have a Medigap policy.

The five largest counties by population are:

  • Wayne
  • Oakland
  • Macomb
  • Kent
  • Genesee

How Many Medicare Supplement Plans are Available in Michigan for 2019?

Michigan Medicare beneficiaries, as in 46 other states, have 10 standardized plans they can choose from for their Medigap coverage. Standardized means that the outline of coverage under Medicare Plan F is the same no matter which insurer sells you the policy.

Medigap health insurance is an ideal way to supplement your Medicare benefits, but there are differences in your plan options. For example, Medicare Plan N does not pay your Medicare Part B deductible; Plan F does. Plan K has a higher out-of-pocket limit compared to Plan L; Medicare Plan G has no out-of-pocket limit. Also, consider a lower cost option with High Deductible plan F.

To find the best Medicare Supplement plan in Michigan, you need to compare in detail the benefits for each plan. Once you’ve determined which one best matches your medical needs, then you can shop around and compare rates between insurance carriers.

Although Medicare Supplement insurance plans in Michigan have standard benefits for each plan letter, rates vary. Each Medicare insurance company sets its own rates. Two factors affect your monthly premiums:

  • Demographics
  • Pricing method

Demographics

Premiums for a resident of Detroit in Wayne County can be different from premiums for a resident of Ann Arbor in Washtenaw County. Premiums between beneficiaries differ based on several things:

  • Zip code
  • Gender
  • Tobacco use
  • Age

Pricing method

When you compare policies to find the best Medicare Supplement plan in Michigan, you need to find out how each insurance carrier calculates its rates because it affects your premiums in the future. There are three ways a Medicare insurance company can calculate rates:

  • Attained age: Your age determines your premiums. Your premiums will increase each year as you age. They might also increase because of inflation, but they will definitely increase due to age.
  • No age (community): Age isn’t a factor. A 65-year-old taking out a Medigap policy pays the same monthly premium as a 70-year-old. Costs might increase due to inflation, but not due to age.
  • Issue age: Your age when you buy the Medigap policy is the deciding factor. A 65-year-old buying a Medicare Supplement insurance plan will pay a different rate than a 72-year-old, even though they buy the same plan on the same day. Premiums can rise due to inflation, but not due to age.

Most insurance companies in Michigan use the attained-age way of calculating rates. Under attained-age, premiums are cheaper for younger buyers. It’s essential that you consider this when deciding which is the best Medicare Supplement plan in Michigan because a policy that’s affordable now as a younger buyer might not be affordable when you’re older and facing more medical costs.

A Few of Best Medicare Supplement Companies in Michigan for 2019

Consider these four when comparing Medicare Supplement rates in Michigan for Plan F and Plan G:

These are by far our favorite companies for Medicare Supplement insurance plans in Michigan for 2019, and they keep outdoing the competition every year. There’s a good chance that you’ll find the most competitive Medigap rates from one or all of these providers, and you’ll like the “A” ratings and customer service as well. Plus, these companies are all known for paying out claims quickly, so you won’t have anything to worry about once you’re covered.

Medicare Supplement Plans in Michigan for 2019: When Can I Enroll?

The best time to enroll in Medigap plans in Michigan is during your Medigap Open Enrollment Period. This initial enrollment period is best because you have guaranteed protections:

  • The insurance company cannot deny you coverage.
  • The insurance company cannot make you submit a medical history.
  • The insurance company cannot charge you higher premiums based on your health status or history.

If you apply for Medicare Supplement insurance plans in Michigan outside of this initial enrollment period, you are not guaranteed these protections except under specific situations. Your initial enrollment period is the six months that starts when you meet two criteria:

  • You are 65 or older
  • You enrolled in Medicare Part B

Michigan Medicare Program Resources

Identifying the best Medicare Supplement plan takes time, and the researching Medigap insurance can be confusing. Here are some resources to help:

How to Compare Medigap Policies

Michigan Medigap Subsidy Program

Medicaid

CMS: www.medicare.gov