Detroit Medicare Supplement Insurance Costs

Detroit Medicare Supplement Insurance Costs

CONSUMER ADVISORY:  Costs for Medicare Supplement insurance (or Medigap as it is often called) in Detroit can vary by as much as 175.7 percent.  That’s based on comparisons of virtually identical coverage.   Below we show some real examples of cost differences for men and women.

This data is shared by the American Association for Medicare Supplement Insurance.  Our goal is to encourage consumers to learn as much as possible about this important protection .  Please note that we use the terms Medicare Supplement and Medigap interchangeably.  The Association does NOT endorse, sell or recommend any particular insurance company or policy.   We see our role as an advocacy and educational organization serving both consumers and insurance professionals who market Medicare insurance protection.

Find Local Detroit Medicare Insurance Agents

Detroit medicare supplement insurance costs

The Association maintains the nation’s largest online database of local Medigap insurance agents.  You can use our online look-up to find local Medicare Supplement insurance agents.  It’s FREE TO USE.  It’s ANONYMOUS.  You DO NOT ENTER any of your own personal information to access the directory.

SIMPLY CLICK THIS LINK to access the Association’s Directory and see agents throughout the State of Michigan.
Enter your Zip Code.  The system all agents closest to you.
Then, simply select who you want to call or Email (if anybody).
This is a free, anonymous service the Association provides to consumers.

Find Detroit area Medicare agents

Lowest and Highest Medigap Costs in Detroit, Michigan

COSTS FOR 65-YEAR OLD FEMALE
Lowest cost for Plan F, non-smoker, no discounts = $135.28-per-month.
Highest cost for Plan F, non-smoker, no discounts = $324.18-per-month.
THAT’S A 139.6 PERCENT DIFFERENCE

COSTS FOR 65-YEAR OLD MALE
Lowest cost for Plan F, non-smoker, no discounts = $135.28-per-month.
Highest cost for Plan F, non-smoker, no discounts = $372.94-per-month.
THAT’S A 175.7 PERCENT DIFFERENCE

The Association believes comparing Medicare insurance costs is important for consumers.  Costs based on 2018 Association analysis and subject to change.

Questions To Ask Before Buying Medigap Insurance

We understand that choosing the right Medicare insurance policy can be confusing.   You are faced with multiple options and companies … and when you turn 65, your mailbox is full of solicitations.  Turning to a trusted friend who lives in the next town, may not even work.  That’s because availability and prices can vary based on your Zip Code.

The Association believes that your first (and perhaps most important) first step is finding a professional to work with.  She or he should be someone willing to educate you about your options.  Only then can they help you make a decision regarding a particular policy choice.  Recommending a Medicare insurance plan that is suited to your needs – your health preferences – and, of course, your budget.

Some Medigap insurance professionals will do this all over the telephone and/or Internet.  Others will have you meet in their offices.  Some will come to see you in your home.  Agents do not charge for this valuable assistance.  They earn a commission built into the Medigap insurance policy that is paid by the insurance company.

The following are a few key suggested questions.  Ask them when you are choosing an agent to work with.

DO YOU REPRESENT ONE OR MULTIPLE MEDIGAP COMPAYIES?  Some insurance agents only offer Medicare Supplement insurance from one company.  Others, who are typically referred to as insurance brokers, can offer policies from multiple companies.   We don’t recommend one over the other.  But, you should know this important difference.  Here’s what you should ask: “how many Medicare insurance companies are you appointed to sell?”  Appointed is insurance industry jargon that means the agent can actually sell you a policy from a specific company.  Agents only earn a commission from companies they are appointed with.

ASK ABOUT THE INSURANCE COMPANY’S HISTORY OF RATE INCREASES?  The current lowest price for Medicare Supplement insurance may seem attractive.  But rates insurers charge can change.  That’s why it’s important to ask the agent or broker about the company’s recent record of rate increases.  A good agent will have no problem sharing this information (hint, that’s a good way to ascertain a good agent).

Thank you for taking the time to read this information.  Of course, if you have questions, we strongly recommend you use the Association’s FIND AN AGENT look-up to find Medicare insurance agents in your area.   Some consumers query several agents to evaluate their responses and willingness to help.  That is a perfectly fine way to start!

Jesse Slome
Director, American Association for Medicare Supplement Insurance

Use The Association’s Free Find A Local Medicare Insurance Agent Online Look-Up