Category Archives: Medicare Supplemental Insurance- Michigan

Medicare Supplemental Plans in Michigan

Are you sure you know all about Michigan Medicare supplemental insurance plans? One of the foremost reasons why state residents still end up paying huge amounts of money for out-of-pocket costs and deductibles is because they are not fully aware of the different plans and coverage available with Medicare.

In Michigan, the Department of Insurance allows insurance companies to provide Medicare supplement plans that can help pay some of the healthcare costs that Original Medicare doesn’t cover. Medicare supplement insurance policies are also called Medigap policies because they cover the gaps in the coverage that are not covered by a standard Medicare Policy.

Medicare beneficiaries in Michigan who are enrolled in Original Medicare (Part A & B) may find that the plans do not cover all of their health costs. However, Medicare recipients in Michigan may choose to opt in a Medicare supplement plans, which may cover costs such as copayments, deductibles, coinsurance, and other expenses.

These plans, however, can’t be used to pay for Medicare Advantage (Medicare Part C) expenses. These plans are identified by alphabet letters (A, B, C, D, F, G, K, L, M, and N), with plans of the same letter providing the same benefits. Three states, Minnesota, Wisconsin, and Massachusetts, offer different types of standardized Medigap plans.

If you are below 65 years, your choices of Medicare supplement policies are generally limited to a Medicare supplement Plan A or C. There are a limited number of health carriers that offer Plans A and C to persons below 65 years. Companies that offer Plans A and C seniors below 65 years are allowed to charge those individuals more for the coverage.

  • Plan A includes only the essential core benefits.
  • Plan B covers the basic core benefits and the Medicare Part A deductible.
  • Plan C covers the core benefits, the Medicare Part A deductible, proficient nursing facility care, Medicare Part B deductible, and medically required emergency care in a foreign country.
  • Plan D includes the basic core benefits, the Medicare Part A deductible, proficient nursing facility care and medically required emergency care in a foreign country.
  • Plan F includes the core benefits, the Medicare Part A deductible, proficient nursing facility care, Medicare Part B deductible, 100% of the Medicare Part B excess charges, and medically necessary emergency care in a foreign country.
  • Plan F allows a high-deductible version in which beneficiaries pay a predetermined deductible amount before the plan begins coverage. This amount may change from year to year.
  • Plan G includes the basic benefits, the Medicare Part A deductible, proficient nursing facility care, and 100% of the Medicare Part B excess charges.
  • Plan K includes the core benefits. Plan K only provides 50% of the cost sharing for Medicare Part A covered hospice expenses and the first three pints of blood. It also only pays 50% of the Part B coinsurance after you meet your annual deductible.
  • Plan L includes the core benefits. Plan L only provides 75% of the cost sharing for Medicare Part A covered hospice expenses and the first three pints of blood.
  • Plan M includes the core benefits, 50% of the Medicare Part A deductible, skilled nursing facility care and medically necessary emergency care in a foreign country.
  • Plan N also includes the core benefits, 100% of the Medicare Part B coinsurance and up to $20 on emergency visits that do not result in an inpatient admission.

Medicare Supplement plans in Michigan that are denoted with the same letter do not vary in coverage or benefits, as explained above. However, each insurance company that offers Medicare Supplement plans can set their premiums, so costs may differ. This implies that a resident of Washtenaw County may pay more or less than a resident of Wayne County for the same Medicare Supplement plan. By keeping the changes in expenses in mind, it will be a nice idea to compare all Medicare Supplement plans in your county to choose a Medigap plan in Michigan that fits your requirements.

Learn more about Michigan Medicare Supplemental Insurance plans, rates and more at http://www.emedicare-supplemental-insurance.com/michigan.  Our Michigan Medicare Supplemental Insurance brokers will help you compare Medicare Supplemental Insurance rates and plans in Michigan.  To talk to an expert in Michigan Medicare coverage toll free 888.404.5049 today!

 

Medicare Supplemental Insurance in Michigan

Medicare is a benefit millions of people take advantage of, but it can be confusing to figure out which one is best for you and your loved ones. Medicare continues to cover hospital and doctor’s visits for older Americans and includes preventative care and prescription drugs, but many people do not know what is covered by their Medicare or how much they are paying in.  Expenses such as out-of-pocket costs, premium amounts, prescription drugs coverage or if they qualify for free services are benefits that Medicare enrollees are unsure about.

Medicare supplement insurance plans in Michigan

There are several types of Medicare plans that are available to participants in Michigan:  Original Medicare Part A and Medicare Part B as well as the Medicare Advantage Plan.  When a Medicare enrollee chooses Original Medicare Part A and Part B, they also have the option of choosing a supplement plan to cover the costs not covered.

Medicare beneficiaries in Michigan may enroll one of the ten plans that enhance the coverage that they receive with Medicare Part A and Part B as it stands alone.

Coverage is as follows:

  • Original Medicare, Part A and Part B are offered and administered by the federal government. They are available to eligible beneficiaries in every state in the country.
  • Medicare Part A provides inpatient hospital,  nursing home care, skilled nursing facility, home health, and hospice care
  • Medicare Part B covers physician visits, medical services, and durable medical equipment.
  • Medicare Advantage Plans cover all the services except for hospice care but may offer extra coverage such as vision, hearing, dental, wellness programs, and potentially prescription drug coverage.
  • Medicare supplement insurance, otherwise known as Medigap, covers a percentage of deductibles, copayments, coinsurance, and in certain cases foreign travel emergency health care.

In order to qualify for Medicare you need to be a United States citizen or legal, permanent resident of at least five continuous years to qualify for Medicare or meet additional requirements set forth by the federal government.  You can also qualify for Medicare if you have end-stage renal disease or you have amyotrophic lateral sclerosis – ALS, or Lou Gehrig’s disease where your disability benefits begin regardless of age from the first month you enroll.

Selecting your Medical coverage should be a simple and easy process, but unfortunately in most cases, it’s not. Everyone may not have the same needs or wants when it comes to picking the right Medicare supplement insurance plan. If you are uncertain which Michigan Medicare supplemental insurance plan to choose from contact a Michigan Medicare supplemental insurance broker as they are nationally-licensed agents ready to help you shop for Medicare supplement plans at the best possible rates.  This will make a very complex process as easy as possible. Medicare supplemental insurance brokers will also assist you in completing an application to enroll in Medicare supplement coverage.

Learn more about Michigan Medicare Supplemental Insurance plans, rates and more at http://www.emedicare-supplemental-insurance.com/michigan.  Our Michigan Medicare Supplemental Insurance brokers will help you compare Medicare Supplemental Insurance rates and plans in Michigan.  To talk to an expert in Michigan Medicare coverage toll free 888.404.5049 today!

2017 Medicare Supplement Plans in Michigan

What is Medicare?

Medicare is a federally sponsored insurance health program for individuals who are 65 and above, younger individuals with disabilities, and individuals suffering from End-Stage Renal Disease such as ESRD (permanent kidney failure, that requires dialysis). There are various kinds of Medicare supplement plans and each of them offers a different range of services. The best Medicare supplement plan is chosen according to the situation the enrollee is both financially and medically.

Medicare Insurance Plans MI

Medicare supplement plans are available through various health care providers and can be purchased through private insurance companies that are Medicare approved.  Companies offer a variety of supplement plans in Michigan.   It is important to note that although Medicare rates may depend on the county in which you reside the coverage with Medicare supplemental plans is the same no matter where it is purchased.  Medicare plan A bought in Livingston County offers participants the same exact coverage that plan A bought in Chippewa County.

Medicare supplemental insurance is designed to help enrollees cover coinsurance, deductibles, and copayments that are left from enrolling in only Medicare Part A and Medicare Part B.  Once you have chosen the perfect Medicare plan both your Medicare plan and supplemental insurance plan will help pay for medical expenses. This helps lower out of pocket costs while offering enrollees peace of mind that their health insurance needs are being met

Here is a brief description of some of the plans that are available in Michigan & the coverage provided by the different plans:

Plan A Coverage

  • Part A coinsurance coverage for an entire year and additional days after are covered for the individual after Medicare Benefits run out
  • Part B coinsurance coverage
  • Hospice coinsurance
  • Three pints of blood every year

Plan C Coverage

  • Hospital deductible for inpatient services
  • Part A coinsurance coverage for an entire year and additional days after are covered for the individual after Medicare Benefits run out
  • Part B coinsurance coverage
  • Hospice coinsurance
  • Three pints of blood every year
  • Emergency care needs when travel abroad – 80% of the cost will be covered in a case of emergency (in the first 60 days of your trip). After that period has passed you will have to pay $250 deductible, and will be subjected to a $50’000 lifetime maximum; if the coverage is provided in the U.S., it will be covered by Medicare.

Plan F Coverage

  • Hospital deductible for inpatient services
  • Part A coinsurance coverage for an entire year and additional days after are covered for the individual after Medicare Benefits run out
  • Skilled nursing coinsurance
  • Medicare Part B deductibles and coinsurance
  • Hospice coinsurance
  • Emergency care needs when travel abroad – 80% of the cost will be covered in a case of emergency (in the first 60 days of your trip). After that period has passed you will have to pay $250 deductible, and will be subjected to a $50’000 lifetime maximum; if the coverage is provided in the U.S., it will be covered by Medicare.
  • Excess to Part B – the entire excess charge that comes above Medicare’s reasonable charge (in case the medical provider refuses to accept Medicare) as it is subjected to State and Federal mandate limit.

Learn more about Michigan Medicare Supplemental Insurance plans, rates and more at http://www.emedicare-supplemental-insurance.com/michigan.  Our Michigan Medicare Supplemental Insurance brokers will help you compare Medicare Supplemental Insurance rates and plans in Michigan.  To talk to an expert in Michigan Medicare coverage toll free 888.404.5049 today!

Comparing Medicare Supplemental Insurance Plans in Michigan

What is Medicare?

Medicare is a federal program that helps individuals covers their medical cost.  The program is dedicated to bringing health insurance primarily senior citizens and those individuals that meet certain Medicare requirements. There are a few Medicare programs available and each offers something different.  Medicare Part A and Part B are referred to as Original Medicare and Medicare Advantage Plans.

What are Medicare Supplemental Insurance Plans?

Supplemental plans are additional health insurance policies that you may purchase from private insurance companies that are authorized to sell them. These plans are designed to help cover the costs not covered under Original Medicare such as deductibles, healthcare outside the U.S.A, and co-payments. Supplemental plans do not cover long term care, or vision, dental, hearing aids, or private nursing. Only Medicare Plan D covers prescription drugs.

Who is Eligible for Medicare Supplemental Insurance?

Supplemental insurance is only available for individuals who have already subscribed to Medicare Part A, which covers hospital services, and Part B, which covers doctors cost. Individuals with Medicare Advantage plan are not allowed to take on any Medigap plan.

There is a range of Plans that Medicare participants in Michigan can choose from including:

Michigan Medicare Supplemental Insurance Plan A

Plan A is the most basic plan. It helps pay your coinsurance for Original Medicare and allows you to see any doctor that accepts Medicare insurance.

Features

  • Basic Benefits
  • Pays Part A Hospital Deductibles
  • Pays Part B Medical Deductibles
  • Allows you to see any doctor that accepts Medicare

Michigan Medicare Supplemental Insurance Plan C

Plan C covers more out of pocket expenses than Plan A but not as much as Plan F.  With this plan you will need to pay for Medicare Part B’s excess charges. You have the option to enroll in Plan C if you will are no longer be insured because you have qualified for Medicare.

Features

  • Most Benefits
  • Skilled Nursing
  • Emergency Care when Traveling Outside of the US
  • Covers Part A Hospital Deductibles at 100%
  • Covers Part B Medical Deductibles at 100%
  • Allows you to see any doctor that accepts Medicare

Michigan Medicare Supplemental Insurance Plan F

Plan F is a complete plan. It pays for most of the out of pocket costs you might face with Original Medicare. In addition, it includes the more benefits than any other supplemental plan.

Features

  • The most Benefits
  • Skilled Nursing
  • Emergency Care when Traveling Outside of the US
  • Covers Part A Hospital Deductibles at 100%
  • Covers Part B Medical Deductibles at 100%
  • Allows you to see any doctor that accepts Medicare

Michigan Medicare Supplemental Insurance Plan N

This helps you cover more out of your pocket costs than Plan A but it does not cover as much as Plan F.  With this plan you will have to pay a co-pay whenever you visit a doctor.   The cost can be up to $20 for each visit.

Features

  • Enhanced Benefits
  • Skilled Nursing
  • Emergency Care when Traveling Outside of the US
  • Covers Part A Hospital Deductibles at 100%
  • Plan B medical deductible, you pay $183
  • Allows you to see any doctor that accepts Medicare

Learn more about Michigan Medicare Supplemental Insurance plans, rates and more at http://www.emedicare-supplemental-insurance.com/michigan.  Our Michigan Medicare Supplemental Insurance brokers will help you compare Medicare Supplemental Insurance rates and plans in Michigan.  To talk to an expert in Michigan Medicare coverage toll free 888.404.5049 today!