Speak to a Licensed Insurance Agent
M-F 8am-7pm CT
What Are the Medicare Supplement Insurance Plans in Michigan?
Medicare Supplement Insurance plans in Michigan, also called Medigap, can cover some of the “gaps” in coverage by Medicare Parts A and B, such as copayments, coinsurance and deductibles. The purchase of a Medicare Supplement Insurance plan may help Michigan residents save a bit on out-of-pocket healthcare expenses. These insurance plans are available from private insurance companies throughout the state of Michigan.
Residents of Michigan have 8 Medigap or Medicare Supplement Insurance plans from which to choose. These include basic benefits from Plans A, B, D, G, K, L, M and N. Medigap Plans C, E, F, H, I and J are no longer available to those who are newly eligible to Medicare but enrollees of these plans have been grandfathered into them.
As of 2020, Medicare Supplement Insurance plans will no longer sell Medigap Plans C or F to newly eligible Medicare members. Congress has decided that new Medigap plans will no longer be allowed to cover the Part B deductible after January 1, 2020. This will only affect Medicare Supplement Plans C and F as these are the only Medigap plans that cover the Part B deductible. Anyone enrolled in a Medigap Part C or F as of December 31, 2019 will be grandfathered and will be able to continue to use their plan as long as they want.
Michigan residents looking for a Medicare Supplement Insurance plan need to first look at their specific coverage needs to determine what Medigap Plan they should consider.
Most Popular Medicare Supplement Insurance Plans in Michigan
The 8 government-approved Medicare Supplement Insurance plans help protect consumers in most states, including Michigan. The statistics below outline the Medigap plans selected by residents of Michigan. Throughout Michigan, the insurance companies which sell Medigap plans offer the same basic benefits, but those plans may come at different prices depending upon where you live and the carrier. Each insurer in Michigan may not offer all available Medigap plans.
As reported by AHIP, among those who selected a Medigap policy, nearly one-third (32%) choose Plan F while a similar amount (29.7%) choose Plan C. Other popular plans are Plan N (16%) and Plan G (15%). Below is the breakdown of the number of Michigan enrollees by Medigap plan type.
Source: AHIP. Reflects data through December 31, 2017.
Source: AHIP. Reflects data through December 31, 2017.
While a Medigap policy will help pay for things like copayments, coinsurance and deductibles not covered by Medicare Parts A and B, it is important to note that your Michigan Medicare Supplement Insurance plan will not cover benefits for prescription drugs. However, you can buy an additional Medicare Prescription Drug plan to cover prescription drug costs. One other option is to consider a Michigan Medicare Advantage plan, which typically covers prescriptions drugs and may also include other benefits, such as dental, vision, gym memberships and hearing coverage.
Learn more about your Medicare Supplement Insurance plan options in Michigan by working with a SelectQuote licensed sales agent. We act as your advocate. Our licensed sales agents can guide you through the Medicare maze to better understand Medigap plan options and answer any questions you might have throughout the process. SelectQuote individually shops more than 20 national insurance companies to help you compare Medicare Insurance plans in Michigan.
Michigan residents cannot have a Medicare Supplement (Medigap) Insurance plan and a Medicare Advantage plan at the same time. A Medigap Supplement plan can also not be used to pay for any expenses for a Medicare Advantage plan.
Michigan Medicare Supplement Plan Enrollment Period
Initial enrollment timeframes are very important. Enrollment for Michigan Medicare Supplement Insurance plans begins the first day of the month you turn at least 65 years old. You also must be enrolled in both Medicare Parts A and B in order to purchase a Medigap plan.
Michigan residents have six months to buy a Medigap Supplement plan. Residents from Michigan who are under the age of 65 can check with the Social Security Administration office for additional enrollment periods.
The best time to enroll in a Medicare Supplement Insurance plan is during the initial 6 months you are eligible for Medicare. It’s a smart idea to get a jump on enrollment. You can enroll as early as 64 and 6 months of age. During this important six-month period, companies that offer Medicare Supplement Insurance plans cannot use underwriting. In other words, during this time your acceptance is guaranteed. However, if you apply for Michigan Medicare Supplement Insurance outside of this 6-month timeframe, you will be subject to a physical exam. If you apply for Medigap coverage after the first six months of eligibility, a company can refuse to sell you a plan or premiums may also adjust depending on current health status and pre-existing health conditions.
Is a Michigan Medicare Supplement Plan Right for You?
SelectQuote is an independent third-party company specializing in helping consumers understand the ins and outs of Medicare. Our licensed sales agents can help ensure you’re getting all the available benefits you deserve while staying up to date with annual updates to Medicare plans made by insurance companies. SelectQuote is here to help you find the right Michigan Medicare Supplement plan to meet your needs and budget.
To ensure you are getting all the benefits you are entitled to receive, call or complete your online form today. Let SelectQuote’s personal licensed sales agents simplify the Medicare maze by comparing rates and independently shopping insurance companies to help you find an affordable option that meets your unique needs.