The cost of Medicare Supplement plans in Michigan may vary depending on a number of factors like the provider and the area in which you reside. However, Medicare benefits are consistent between planned letter types, regardless of where you live. It is left for you to discover what Medicare policies are available for you, and decide on which plan type is the most appropriate for your budget and health needs.
Medicare plans in Michigan are designed to help Medigap beneficiaries pay for the cost associated with traditional health care, Part A and Part B, including deductibles, coinsurance, and copayments. Medicare Part C is also known as the Medicare Advantage and these plans can’t cater for it. There are 10 standardized Medicare Supplement plans available Michigan, and each plan is distinguished by one of 10 letters (A, B, C, D, F, G, K, L, M, and N), with plans of the same letter offering the same benefits.
Buying Medicare Supplemental Insurance in Michigan
Before buying Medicare insurance in Michigan, it is best if you understand the different types of plans available and what they offer.
Part A
Part A coverage doesn’t start until you have met a deductible of $1, 132 during a period of time known as a “benefit period”. That period starts on the day you enter the hospital or a nursing facility and runs until you have not received hospital care for 60 consecutive days.
Part B
Part B caters for home health care, outpatient care, lab test, doctor care, and other services from non-hospital providers. An annual deductible of $162 is incurred, after which it pays for 80% of a pre-approved rate for services from health care providers while you are responsible for the remaining 20%. You will also be responsible for the excess if your doctor charges more than Medicare’s rate.
PLAN A
- Part A coinsurance, plus 1 year coverage after Medicare benefits end
- Hospice coinsurance
- First 3 pints of blood each year
- Part B coinsurance
PLAN C
- Part A coinsurance, plus 1 year coverage after Medicare benefits end
- Part A inpatient hospital deductible
- Part B coinsurance
- Part B deductible
- First 3 pints of blood each year
- Skilled nursing facility coinsurance
- Hospice coinsurance
- Emergency care in a foreign country: 80% of the cost of emergency care during the first 60 days of each outing, after which you pay a deductible of $250, subject to a $50,000 lifetime validity, if such care would have been covered by Medicare if provided in the U.S.
PLAN F
- Part A coinsurance, plus 1 year coverage after Medicare benefits end
- Part A impatient hospital deductible
- Part B deductible
- Part B coinsurance
- Hospice coinsurance
- Emergency care in a foreign country: 80% of the cost of emergency care during the first 60 days of each outing, after which you pay a deductible of $250, subject to a $50,000 lifetime validity, if such care would have been covered by Medicare if provided in the U.S.
- Part B excess: 100% of the excess charge above Medicare’s usual charge if medical provider does not accept Medicare assignment, subject to Federal/State mandated limit.
It is recommended that you carefully evaluate these plans when you shop for your own coverage.
Learn more about Michigan Medicare Supplemental Insurance plans, rates and more at http://www.emedicare-supplemental-insurance.com/michigan-medicare-supplement-plans. 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 877-202-9248 today!