Michigan Medicare Supplement Plans
This page will provide you with a simple overview of Michigan Medicare Supplement Plans. We agree with the "KISS" principle of keep it simple stupid; we will keep the terms simple and precise and give you the information you need to know when comparing Michigan supplemental plans.
Michigan Medicare Supplement Plans - What are they?
Medicare Supplements (also known as Medigap plans) fill in the gaps of Original Medicare Parts A & B. Original Medicare does not cover all the deductibles, co-insurance, or co-pays so most people choose one of the Michigan Medicare Supplement Plans to make sure there is not a huge unfunded expense left lingering over their heads during retirement. The most comprehensive plan is the Plan F which picks up all the costs with a Medicare approved procedure. So in essence you are not out of pocket at all when you go to the hospital or doctor. These plans are very convenient but the Plan G is the most cost effective plan that provides small out of pocket costs.
Here is a chart that shows the different Michigan Medicare Supplement Plans Available.
Compare Insurance Rates
Medicare explains in the "Medicare and You" book that it is very important to compare Medicare Supplement rates because all plans provide the exact same benefits (standardized plans). This means that a Stonebridge Medicare Supplement Plan G provides the same benefits as the Cigna Medicare Supplement Plan G. It comes down to the rates that are offered by the companies.
One factor that we do recommend comparing is the financial stability of the company. It is important to know that the company you choose has a B+ rating or higher. If the rating is lower than a B+ walk away and call 1-877-936-2991 to make sure you have a competitive plan with a good company.
HOW DO I GET RATES
You can get online insurance rates through the Medicare Quote Engine. Rates are listed after entering a small amount of details (Date of Birth, Gender, Zip Code, Etc.). If you are not comfortable with online rates call 1-877-936-2991 for your personalized Michigan Medicare Supplement Plans analysis.