Michigan Medicare Insurance Plans
Medicare is a federally sponsored health insurance program available to those over the age of 65, as well as to individuals who have certain disabilities. At the state level, however, there exist specific organizations that help beneficiaries better understand the Medicare process, and Medicare recipients may even qualify to receive state subsidies, depending on their circumstances. Consider the following information if you are interested in obtaining Medicare coverage in the state of Michigan.
If you believe your Medicare insurance plan is not covering all of your needs, it may be in your best interests to purchase a Medigap policy, also known as Medicare Supplement Insurance. A Medigap policy can be obtained through an insurer in Michigan and may help you with some of the costs that are not covered by Original Medicare.
Michigan Medicare Savings Programs
Of course, even though the costs of Original Medicare may be relatively low, they can still pose a financial burden for some residents. Because of this, the state of Michigan provides extra help for certain beneficiaries who qualify for one of the following four Medicare Savings Programs.
*The following data is from 2016 and is based on federal amounts. These amounts may increase in 2017. If your income and resources are slightly higher, you should still apply, you may qualify for benefits even if your income is higher than the limits listed.
- *Qualified Medicare Beneficiary Program: QMB, which covers the costs of Medicare Part A and Part B premiums, copays, deductibles, and coinsurance, is available to individuals earning less than $1,010 per month and couples earning less than $1,355 in a month.
- *Specified Low-Income Medicare Beneficiary Program: SLMB, which covers Medicare Part B, is available to those making less than $1,208 per month or couples making less than $1,622 monthly.
- *Qualifying Individual Program: QI, which pays for Medicare Part B premiums, is for individuals making up to $1,357 per month or couples making up to $1,823 a month.
- *The Qualified Disabled and Working Individuals program: QDWI, which helps with Medicare Part A premiums, allows individuals or couples who are making $4,045 or $5,425 per month, respectively, to qualify, although certain additional stipulations exist.
*Data from Medicare.gov
According to ssa.gov, you should be aware that several States may even disregard all resources for individuals or couples in certain categories.
Mini-COBRA Continuation in Michigan
If you had health insurance through your employer, you may opt to continue coverage after termination. In fact, under Michigan law, you may purchase a group plan through your employer for 18 months, and this may be extended up to 36 months, depending on the circumstances.
Additional Help From the State of Michigan
The Michigan government understands that the Medicare process can be complex, which is why it offers additional assistance through the Medicare/Medicaid Assistance Program (MMAP). This state health insurance assistance program offers help to those interested in the Medicare and Medicaid system and coverage in the state of Michigan.
If you have any questions, please reach out to a licensed sales agent at Medicare Solutions. We are committed to serving your needs in the state of Michigan and can assist you while you compare Medicare insurance plans. Our licensed sales agents can help you determine which plans best meet your needs.