Medicare Advantage Plans Michigan
If you live in Michigan and are eligible for Medicare, you may want to look into Michigan Medicare Advantage Plans. Medicare Advantage, also referred to as ‘Medicare Plan C’ offers Michigan seniors who are eligible for Medicare the choice of using a private insurance plan instead of Medicare itself. Since Medicare’s for-fee services and limitations can be significant, particularly in the case of prescriptions, Michigan Medicare Advantage plans help many people to get better health insurance coverage with more benefits and lower out-of-pocket costs. And, because the premiums for these plans are determined by competition among private health insurance providers, you can often find an inexpensive plan that covers your health care needs, becoming an excellent alternative to traditional Medicare.
Under Medicare Advantage you may sign up for a HMO, PPO or Fee For Service (FFS) plan or a Medical Savings Account (MSA) – whatever meets your health care needs and budget.
If you select a Michigan Medicare Advantage plan, you will find that most insurance providers that are offering such plans also offer Part D prescription drug plans. You may find it advantageous to apply for both because the additional cost for a drug prescription plan are usually minimal and well worth it. However, be aware that, while Medicare Advantage plans are standardized, Part D prescription plans are not. So do not sign up for a joint plan automatically. Make sure your prescription plan meets your needs. There are no restrictions on having one plan with one insurance company and the other with another health insurance provider.
If you currently don’t have medical problems and don’t see a doctor for more than an annual checkup, or otherwise rarely use medical services, a Medicare Advantage plan may not be for you. However, as you never know what the future may bring, a Medicare Advantage plan may save you significant money in the long run by reducing out-of-pocket costs and because, except for end-stage kidney disease, preexisting conditions do not prevent you from enrolling in a Medicare Advantage Plan Michigan, although you may need to choose a special needs plan.