BlueCross of Michigan freezes Medigap Rates for 5 years?!?

December 3, 2011

After reading this headline, I was a bit confused about what BCBS of Michigan was doing, however the more I consider it I think I have an idea why can happen. With a quick look at the rates in Detroit, it appears BCBSofMi is not the most competitve carrier. In several cases, their premiums are $30-$50 higher per month than what's available.

Although this may be more of a deal with the government to get more access to the medicaid market (the government pays it's premiums all at once), I wonder if it's a marketing ploy also. It's a great headline, but if you are freezing your price a high levels, does it really do you any good.

Remember, there are many carriers in each state and rates vary from state to state and zip code to zip code. Work with a broker to help you find the best plan for you. The government standardized medicare plans years ago, so each plan must have the same benefits required by the government. Why pay more for the exact same plan. Here are a couple articles to consider:

Is Medicare Plan F the best Plan?

What are the top medicare plans?

Remember Annual Enrollment Period ends December 7th. This is the time you are allowed to change Part D plans for 2012 and Medicare Advantage plans for 2012. However, you can switch your Medicare Supplement (Medigap) Plan at any time. Don't think you are locked in to your medigap policy until the end of the year. If you would like a rate comparison, feel free to contact us through

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