Michigan Medigap plans are plans that are designed to fill in the “gaps”
in Medicare Parts A and B. The plans go by the nationally-standardized Medigap coverage chart. In addition to coverage being standardized, doctor acceptance (can go anywhere that takes Medicare nationwide) and claim payments (paid through the Medicare “crossover” system) are also standardized. Because of that, the most important things to consider when shopping for a Michigan Medigap plan are the premium rates and company reputation.
There several state-specific factors to consider when comparing Michigan Medigap plans. The first of these is the availability of plans for those on Medicare disability (under age 65). In most cases, MI Medigap plans are not offered to those under-65 on Medicare disability. Some companies may choose to offer, but historically, very few have, and it is not mandated by regulation as it is in some other states. However, if you go on Medicare under age 65, you will receive an “open enrollment” period upon turning age 65 (even though you are already on Medicare prior to that), so it is very important to sign up for a Medigap plan at that time.
Another state-specific aspect of Michigan Medigap plans is that tobacco rates are not used in underwriting during open enrollment or guaranteed issue situations. This is not the case in some other states, but in MI, tobacco users would pay the same rates as non-tobacco users during open enrollment.
There are ten Federally-standardized plans offered in MI. However, many companies do not offer all plans. The most common plans offered are Plan F (most comprehensive), Plan G (often the best deal), and Plan N (lower level of coverage, lower premium).
When comparing Michigan Medigap plans, it is advisable to look at the premium rates and the company reputation/ratings. Currently, companies that are competitively priced in most areas of the state (rates are based on zip code) are: Stonebridge, AARP (United Healthcare), Mutual of Omaha, Medico, Aetna, and Central States Indemnity. Whether it is through us or someone else, it is highly advisable to use an independent broker who can provide all rates and allow you an unbiased comparison of your options. Since coverage, claim payments and doctor acceptance are standardized, it is not a financially wise position to pay “extra” for a Medigap plan regardless of the company.
If you have questions about this information or want to obtain a Michigan Medigap quote comparison, you can contact us online or call us at 877.506.3378.
