With low taxes, Michigan is currently one of the hot spots as seniors decide on where to retire. With that, insurance choices have never been more important. Michigan currently has numerous choices for consumers eligible for Medicare.
Obviously these choices are based on a consumer having Part A and Part B of Medicare. While Medicare does have decent benefits, their is currently no stop gap. This means your bills can go on basically forever if you do not have a supplemental policy on top of your current benefits.
To supplement your Michigan Medicare coverage, a Medicare supplement policy is the first choice. While numerous plans do exist, only a couple of plans stick out. Nationally, Medicare supplement Plan F is the most comprehensive and very popular. Another supplement that was introduced June 2010 is a Medicare supplement Plan N, which is proving to be wildly popular due to its lower cost. The big difference between the two is that you will have a co-pay with Plan N with doctor visits.
Another choice includes a Michigan Medicare advantage plan. When considering an advantage plan, be ready to be marketed to death by the insurance companies. As far as Medicare plans for 2011 go, Medicare Advantage plans generate the most questions and often confusion. Medicare Advantage plans are annual plans that can change yearly or even not renew for the following year.
One of the major differences between a supplement and an advantage plan is that with an advantage you receive your benefits from an insurance carrier. Other strong points with a advantage plan is somewhat lower premiums, fixed co-pays which includes doctor visits, x-rays, etc. Also sometimes, a Michigan Part D coverage is included for prescriptions.
Another major difference between the two plans includes choices of doctors. With a supplement, you can see any doctor that accepts Medicare. Usually with an advantage plan, there is a network that is involved.
Michigan consumers have many respectable choices to supplement with their Medicare. If you are comparing Medicare plans for 2011, you should take a look at these plans to determine if they would be a good fit for you.
