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Best Medicare Supplement Plans in Michigan

Medicare Supplement plans in Michigan, also called Medigap, help pay for deductibles and coinsurance that Original Medicare doesn’t cover.

Medicare beneficiaries can offset medical expenses and control out-of-pocket costs.

Those costs include:

  • Medicare Part A deductible
  • Part B coinsurance
  • Copayments

With Original Medicare, you’re responsible for 20% of Medicare’s approved amount for medical services and hospital care. Medicare Supplement insurance plans pick up that 20%, leaving you with little or no out-of-pocket expenses to pay.

Find Plans in Your Area
 

Most popular Medicare Supplement Insurance plan types in Michigan

Private health insurance companies sell Medigap insurance in Michigan. You have 10 plans to choose from, and all 10 offer the same basic benefits such as coinsurance and Part A deductible. After that, however, plan options are different. Here’s an overview of Michigan’s top five in terms of benefits and cost.

Medicare Supplement Plan F: Best Full Coverage

Medicare Supplement Plan G: Best Comprehensive Coverage

  • Offers cost savings for beneficiaries eligible for both Plan F and Plan G
  • Plan G covers everything that Plan F covers — except for the Medicare Part B deductible — and is the most comprehensive plan available to those eligible for Medicare after Jan. 1, 2020.

Medicare Supplement Plan N: Best Value

  • Medicare Plan N offers great coverage
  • Lower premiums in return for higher-cost share
  • Has copays up to $20 for an office visit and $50 for emergency room (ER copay waived if you’re admitted)

High Deductible Plan F: Best for Lowest Rates

  • Complete coverage same as Medicare Plan F
  • Must meet an annual deductible of $2,490 before the plan pays
  • Significantly cheaper than Plan F

High Deductible Plan G: Best for Lowest Premiums

  • Except for Part B deductible, pays everything Plan F pays
  • You pay an annual deductible of $2,490 before coverage kicks in
  • Much cheaper than Medicare Plan G

Top Medicare Supplement Insurance companies in Maryland

Many private health insurance companies offer Medigap Plans in Michigan, although plan options vary based on service area. These three companies account for the majority of enrollees because of their experience, stability, and excellent ratings:

Medicare Supplement Insurance prices in Michigan

Pricing for a Medicare Supplement insurance plan in Michigan varies based on your location, gender, age, tobacco use, and the Medicare insurance company selling the policy.

65-Year Old Female Non-tobacco
Plan Type Premium Range
Plan F$131.07-$243.31
Plan G$104.25-$154.74
Plan N$81.05-$160.52

When can I apply for a Medicare Supplement Plan?

Your Open Enrollment Period is the best time to apply for a Medicare Supplement insurance plan in Michigan. The effective date for Medigap Open Enrollment Period eligibility starts when you meet the following criteria:

  • You are at least 65.
  • You are enrolled in Medicare Part.
  • Open enrollment is a six-month time span during which you have guaranteed issue rights:
  • Insurance companies can’t charge you special rates based on your health condition.
  • Carriers can’t deny coverage based on pre-existing conditions.
  • Insurers can’t require medical underwriting.

Unlike Medicare Advantage and Part D plans, a Medigap insurance policy in Michigan does not have an annual enrollment period. If you miss your open enrollment window, you’ll have to go through underwriting and might even be denied coverage.

You can, however, qualify for guaranteed issue rights in special situations, such as:

  • If you lose your group health coverage
  • If you move from your plan’s service area
  • If your insurer discontinues your policy, goes bankrupt, or leaves your service area

There are a few other situations in Michigan that qualify for guaranteed issue. Our licensed insurance agents can determine if you’re eligible for guaranteed issue enrollment.

Related Topics

Ready to learn more?

We help educate Medicare beneficiaries on their Medigap options and help them go through the process of reviewing and comparing plans. We work with most of the nation’s top-rated Medigap carriers such as Aetna, Cigna, Mutual of Omaha, and Florida Blue Medicare plans. Give us a call today, or request a quote online to learn more.

Michigan State Resources

Medicare is a federal program, but some rules vary by state. Also, your state may provide you with resources that will help you with many senior needs. These are some state-based resources that might help you:

You can also check out these federal websites for more information:

Key Take Aways
  • In Michigan, Medicare Supplement Plan G is the most popular plan for 2022.
  • Medicare Supplement insurance plans pick up the 20%, leaving you with little or no out-of-pocket expenses to pay.
  • There are 10 Medicare Supplement Plans in MI to choose from.