Major Medical Health Insurance Rates

Affordable Michigan individual and family health insurance coverage is easily found on our website. By supplying your zip code at the top of the page, within minutes, you’ll be able to view high quality Michigan medical insurance plans at the lowest online rates provided by the insurers. We realize it isn’t easy researching and comparing hundreds of plans. Our job is to find the policies that best provide the coverage you desire at the rate you want to pay. No two plans are the same, so it’s important to understand the differences in each Michigan health care policy.

Michigan Health Insurance Companies

The top companies in the state (in no order of importance) are Blue Cross Blue Shield, Aetna, Celtic, UnitedHealthOne, Humana, and Health Alliance Plan. Each of the carriers offers a large variety of individual and family health care options consisting of comprehensive, major medical and qualified high deductible plans. Most of the companies also offer short-term options that allow for temporary coverage. Policies that are designed for only a few months are indeed cheap, but will have some limitations. You can read more about them in this article.

We do not recommend the purchase of limited benefit or medical discount policies. Often advertised as genuine health care, in actuality…they are not. Exclusions are plentiful and customer satisfaction is usually low. Most major companies do NOT offer this type of policy. In many instances, it is lesser-known carriers that offer these options. Buyer beware!

Low Cost Plans In Michigan

UnitedHealthOne “Saver 80” plan. If you are looking for very inexpensive catastrophic coverage, this may be your best choice. The major expenses are covered such as hospital visits, ER, and inpatient/outpatient surgeries. Recognized preventive costs are also paid at 100% and deductible options are available as high as $10,000. Prescription benefits are limited.

Humana “Monogram Total” plan. A high-deductible plan that typically receives very good ratings. Once the deductible has been met, covered expenses are paid at 100%. The $7,500 deductible option is very popular. Of course, you may select a lower deductible. Humana is one of the nation’s biggest health insurers.

UnitedHealthOne “Copay Select Value” plan. A uniquely priced Michigan plan that keeps rates low, but still provides four office visits per year (per person) that are only subject to a $35 copay. Preventive services, like most plans, provide 100% coverage with no waiting period. A $15 copay on generic prescriptions is included. We like the higher deductible options on this plan.

Aetna “PPO Value” plan. A generous five office visits per year (per person) are allowed. A copay of $40 must be paid, but no deductible applies to these office visits. Visits to a specialist are subject to a $50 copay. Generic prescriptions are subject to a $20 copay, so you probably will not use this coverage. Brand and non-formulary prescriptions receive an Aetna discount and preventive benefits are covered at 100%. This plan is similar  to the UnitedHealthOne “Copay Select Value” plan although the Aetna plan is slightly more expensive with more coverage in some areas.

Celtic Basic PPO plan. Two $30 copay office visits are allowed per person (per year). Generic drugs are covered with a $15 copay and brand and non-formulary prescriptions are covered with 35% and 50% coinsurance. And don’t forget the separate $1,000 prescription deductible!  A $7,500 deductible is available on this plan. Celtic is based in Chicago and provides great customer service. However, they are not one of the larger health care providers.

Michigan Health Savings Accounts

A Michigan HSA is a great cost-savings health care alternative that will allow you to take near complete-control over your medical treatment and take a tax-deduction for many health, dental and vision expenses. And yes…it really is considered qualified major medical insurance. An HSA is not one of those goofy “discount plans.” Over time, the combination of tax deductions and premium savings can make a big difference in your pocketbook.

Almost all of the big carriers in the state offer Health Savings Accounts. Many different deductible and coinsurance combinations are available. However, the higher deductible/0% coinsurance plans seem to be the most popular. An optional 20% coinsurance will slightly lower rates, but also increase your out-of-pocket costs.

The most competitively-priced HSA plans in Michigan are offered by Aetna (including the AARP Aetna contract), UnitedHealthOne, Celtic and Blue Cross Blue Shield. Humana, in many areas of the state, also offers reasonably-priced policies. The actual savings account portion of these policies can be picked by you. Chase Bank and many other institutions can be used. It’s wise to compare monthly fees and interest rates to help determine which bank is best for you.

Coverage For Less Than 12 Months

Often, benefits are only needed for a few months. In situations like this, or even if the need for health care is between 6 and 12 months, a temporary plan is the best choice. Although office visits, prescriptions and pre-existing conditions are often excluded, rates are low and policies only take a few days (sometimes less) to approve. Typically, an online application takes less than 30 minutes.

While there are many acceptable options for temporary coverage, the Michigan policies that seem to be worth consideration are the UnitedHealthOne “Medical Value” plan, the Health Insurance Innovations “Med Plus STM” plan and the UnitedHealthOne “Medical Plus” plan. Assurant also offers competitive rates on their 0% coinsurance option. Since rates vary by zip code, it’s worth comparing all three companies.

All of these companies are able to approve applications quickly and issue policies within 24 hours. It generally takes about 20-30 minutes to complete the process, which allows the consumer time to determine what type of long-term coverage is best for them…an individual plan or an employer-sponsored contract. And yes…you can cancel the policy at any time.

Applying For Michigan Health Insurance

Once you have provided the information needed for the quote (at the top of the page), you will be presented with rate and coverage options from the top companies. At that point, if you wish to apply for a policy, the application process does not involve taking a physical. There will be medical questions to answer but it usually will not be necessary for anybody to personally see you.

You are not required to keep your policy any longer that is needed. Almost all plans allow you to cancel your coverage with a phone call or letter in writing. And, of course, it is always a good idea to compare rates every 3-5 years to ensure the rate you are paying for your Michigan health insurance is still competitive and affordable.