Health insurance is always important to anyone on earth, and the ability to get the most affordable one will go a long way in making life easy for humans.
This insurance covers the whole or part of the risk of a person incurring medical expenses. And it includes insurance for losses from accidents, medical expenses, disability, or accidental death.
People have various reasons they want to take up health insurance policies. In Michigan, there are several affordable health insurances.
In this article, you will learn why you need health insurance in Michigan, who needs health insurance in Michigan, and also the 15 best affordable health insurance in Michigan.
Why Do You Need The Best Affordable Health Insurance In Michigan?
Even though no one plans to get hurt or even fall sick, keep in mind that you are human, and anything can happen.
For this reason, there are several reasons you should consider getting health insurance. Some of these reasons are:
- A serious illness can strike at any time; you don’t know. Taking out health insurance in Michigan keeps you covered either way.
- Taking out health insurance in Michigan would ensure you don’t accrue severe financial strain on the savings you have accumulated over time, as your insurance would cover you in case of any health complications.
- The cost of medical treatment is continuously rising. Having the best affordable health insurance in Michigan keeps you above water.
- Health insurance is a living benefit, where you would need monies at the time of dire need. One disease can drain out all the savings you have made for your children’s education, marriage, buying a house, or even retirement. You would not want your family’s dreams to get shattered just because of an illness, especially when you could have protected yourself financially.
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How to Choose the Best Affordable Health Insurance Plan in Michigan?
Deciding to buy an insurance plan is the first step and the first decision you should make.
The other step is for you to be able to know how to select the best affordable health insurance plan that would take care of all your needs.
In choosing, you must look out for insurance plans that have:
- Protection against a large number of critical illnesses
- Flexibility to choose your health cover
- Zero increase in premiums during the policy term even if your health condition changes
- Long policy term that covers you even in your old age
- Large hospital network for easy access to medical treatment
You must also ensure that the health insurance is in Michigan for easy accessibility. If the insurance company has all of this, every other thing could be a bonus.
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Who Needs Health Insurance in Michigan?
Everyone needs health insurance in Michigan. No matter your age, gender, or shoe size, you need health insurance.
Just like you need car insurance, in case anything happens to your vehicle, health insurance will cover you if you become sick or suffer an injury.
Not only will it protect you in an accident or emergency, but health insurance also covers things like preventative care, vaccines and screenings-which could also essentially prevent you from becoming sick later on down the road.
What Are The Types Of Best Affordable Health Insurance Plans In Michigan?
There are two types of best affordable health insurance plans in Michigan. They are:
Medicaid Plans
They are the most basic type of health insurance plan. They mostly cover the cost of treatment when you are admitted to the hospital.
The payout is made on actual expenses incurred in the hospital by submitting original bills. Most of these plans cover the entire family up to a certain limit.
Critical Illness Insurance Plans
These plans are mostly offered to cover life-threatening diseases. It gives the flexibility to use the monies for changing lifestyles and medicines.
Also, Insite’s a substitute for income for the time you could not resume work due to illness.
Payout under these plans is made on the diagnosis of the disease for which the original medical bills are not required.
15 Best Affordable Health Insurance in Michigan
Are you wondering about the most affordable health insurance that exists in Michigan? Then go through our list of the best and most affordable health insurance plans that are in Michigan and make your choice.
#1. Blue Cross Blue Shield of Michigan
They made the Blue Cross Blue Shield System from 35 independent and local companies. Ranked #1, it offers the most affordable health insurance in Michigan.
They are a federation of 35 separate United States health insurance companies that provide health insurance in United States to over 106 million people.
They formed it in 1982 from the merger of its two namesake organizations: they found Blue Cross in 1929 and became the Blue Cross Association in 1960. While Blue Shield emerged in 1939, and they created the Blue Shield Association in 1948. To date, they still provide the best insurance plans and services.
#2. Michigan Health Insurance
The Michigan health insurance has a marketplace, which is federally operated. It is a place for families and individuals to come together to purchase and compare insurance plans and options.
They may purchase an individual health plan for you and your family during the annual open enrollment period with the Marketplace.
In using the health plans offered by Michigan health insurance, you must understand advance premium tax credits, cost-sharing reductions, and of course, marketplace participation.
#3. Health Alliance Plan- HAP
Health Alliance Plan in Michigan serves over half a million members across 23 counties in Michigan.
Basically, HAP is a full-service health insurance company with various product portfolios for individuals, companies, and organizations. HAP’s vast network includes the leading doctors, hospitals, and health systems in Michigan.
Meanwhile, HAP is one of the first health plans in Michigan to receive accreditation from the National Committee for Quality Assurance.
They dedicate HAP to providing customers with high-quality health insurance and spend 90% of premium revenue on funding the health care services of their members. It is one of the most affordable health insurance plans in Michigan.
#4. Humana
Humana Inc. is a for-profit American health insurance company based in Louisville, Kentucky.
In 2021, the company ranked 41 on the Fortune 500 list, which made it the highest ranked (by revenues) company based in Kentucky. It has been the third-largest health insurance provider in the nation.
In Michigan, it is ranked #4 for providing one of the best affordable health insurance.
#5. Meridian
Meridian is one of the best affordable health insurance in Michigan. They offer Medicaid, and Medicare-Medicaid managed care plans to people.
Since 2008, they have supported families, children, seniors, and people with complex medical needs. They connect their members to the care they need and the benefits they want.
Meridian Health Plan of Illinois, Inc. is the highest-rated Medicaid plan in Michigan.
#6. Total Health Care
Total Health Care is a Federally Qualified Health Center dedicated to caring for the citizens of Michigan.
One of the best affordable health insurance plans in Michigan, they deliver health care services to over 34,000 adults and children annually, regardless of their ability to pay.
#7. The Benefits Group
The Benefits Group is a full-service employee benefits agency providing programs and services to companies in Michigan and throughout the nation.
With over 42 years of experience, they proudly serve clients from diverse areas. They are always there to support their clients.
According to them, it is their job to help you determine the most appropriate benefits to offer your employees and the best way in which to administer these benefits. The Benefits Group has received many honors from affiliates.
Companies like Humana, Blue Cross Blue Shield, United Healthcare, and The Guardian have given awards of excellence in medical, dental, travel, and life insurance.
#8. Blue Care Network Of Michigan
Blue Cross Blue Shield of Michigan and its HMO subsidiary, Blue Care Network, offer a wide range of affordable health insurance choices to Michigan individuals and families during the 2016 open enrollment period.
They have made the Blue Care Network of MichiganTas the only health plan that covers all 83 Michigan counties, ensuring that every family and individual meets their health and financial needs.
#9. Mid-Michigan Health Insurance Advisors
Mid-Michigan advisors, being one of the best affordable health insurance in Michigan, are mostly focused on how best to serve anyone interested in them.
They are getting bigger and bigger every day and are expanding their reach beyond the middle of Michigan to the middle of their patients’ hearts.
They have evolved into a large health system now serving both the lower and upper peninsulas.
#10. Aetna
Aetna Inc. is an American managed health care company that sells traditional and consumer-directed health care insurance and related services, such as medical, pharmaceutical, dental, behavioral health, long-term care, and disability plans, primarily through employer-paid (fully or partly) insurance and benefit programs, and through Medicare.
Since November 28, 2018, the company has been a subsidiary of CVS Health. They are one of the best affordable health insurance in Michigan.
#11. Physical Health Plan
A physical health plan, one of the best affordable health insurance in Michigan, ensures health coverage for everyone in Michigan through a foundation of comprehensive and longitudinal primary care.
They understand that health is a basic human right for every person and that the right to health includes universal access to timely, acceptable, and affordable health care of appropriate quality.
#12. MI Enrolls
MI enrolls insurance plans both in Medicare (a federal government for older adults and certain people with disabilities) and Medicaid (a joint state and federal program for low-income individuals).
If they enroll you in both, it can be hard to coordinate your health care under the two programs and make sure you’re getting the services you need and want.
It also means that you might have a lot of paperwork and administrative headaches.
#13. Anthem Blue Cross
Anthem, Inc. is a provider of health insurance in the United States. It is the largest for-profit managed health care company in the Blue Cross Blue Shield Association.
As of 2018, the company had approximately 40 million members. Anthem is ranked 23rd on the Fortune 500.
Before 2014, it was named WellPoint, Inc. Anthem blue cross, which is one of the best affordable health insurance in Michigan, has the priority to educate the clients on the financial risks that may arise due to life changes such as transitioning onto Medicare, retiring, or facing an unexpected health issue.
They constantly evolve, carrying on with the knowledge that peoples need change and the world of Medicare evolves.
#14. Senior Insurance Solutions
Senior insurance solutions, like the name implies, are mostly for seniors.
It is one of the best affordable health care insurance in Michigan with several $0 options and more benefits than ever before is ranked quite high for individual Medicare Advantage plans in Michigan.
They offer health plans which include enticing offers like low copays, free preventive care, $0 limited virtual care, travel coverage options, and more.
Their Medicaid plans, some of which include MIChild, Healthy Michigan Plan, and Children’sChildren’s Special Health Care Services, are rated as top-quality plans by the state for giving qualifying members and their families access to quality care.
Senior Insurance Solutions is an independent marketing organization that focuses on final expense insurance sales.
#15. Priority Health
Priority Health is one of the best affordable health insurance in Michigan. Generally, health insurance can be tricky to navigate.
Priority health beings about managed care insurance plans which require policyholders to receive care from a network of designated healthcare providers for the highest level of coverage.
If patients seek care outside the network, they must pay a higher percentage of the cost. In some cases, the insurance company may even refuse payment outright for services obtained out of network.
Conclusion
Remember, you may fall sick at any time, and the health insurance plan you take out now could be your ticket to keeping your savings.
Check out these 15 best affordable health insurance in Michigan now and take the right steps.
Frequently Asked Questions
No. Even though the goal of health care reform is to make health insurance affordable and available to all Americans, and the law requires nearly all Americans to have health coverage, getting health insurance isn’t compulsory.
Health insurance protects you from unexpected, high medical costs. You pay less for covered in-network health care, even before you meet your deductible.
Health insurance provides financial protection in case you have a serious accident or illness. Health coverage can help protect you from high, unexpected costs.
Marketplace premiums in Michigan are among the lowest in the country. The average benchmark premium in Michigan for 2021 is $347 a month compared to $452 for the U.S. average.
The free healthcare offered by Michigan is available to eligible needy persons.
Anyone between the ages of 19-64 years and who has an income at or below 133% of the federal poverty level is eligible.
Yes. Coverage is available through Medicaid and the Healthy Michigan Plan, depending on income and other factors.
References
- https://www.hdfcbank.com/personal/resources/learning-centre/insure/importance-of-health-insurance-and-why-do-you-need-it
- https://www.britannica.com/topic/health-insurance
- https://www.uhc.com/health-insurance-plans/michigan _
forbes.com
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