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 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!