• Skip to main content
  • Skip to secondary menu
  • Skip to footer
MedicareWire

MedicareWire

Best Medicare plan, cost, and enrollment tools for seniors.

Speak with a Licensed Sales Agent[1]

1-855-728-0510 (TTY 711)

Mon-Sun 8am-11pm EST

  • Medicare Advantage
  • Special Needs
  • Medigap
  • Medicare Part D
  • More➲
    • Senior Dental Plans
    • Medicare Mistakes
    • What Does Medicare Cover?
    • Important Resources
    • Frequently Asked Questions
    • Medicare Glossary
Medicare Part D
 » 
Michigan

Best Medicare Part D Plans for Michigan Beneficiaries in 2024

by David Bynon, last updated September 28, 2023

We found the 24 best Medicare Part D Plans in Michigan. Sign-up for 2024 Medicare Part D plan notification HERE.

Key Facts

  1. The average premium is $46.29 per month, however the lowest premium is just $3.20.
  2. The average drug plan deductible is $389 per year, but 4 plans have a zero-dollar deductible.
  3. Medicare rated 8% of all plans available in Michigan 4 stars or higher.
  4. There are 9 basic benefit plans and 15 enhanced benefit plans.
  5. A total of 7 plans offer full low-income subsidy (LIS) for those who qualify.
  6. There are 4 plans that have additional coverage in the coverage gap phase (aka, "donut hole").
  7. 2024 Medicare Prescription Drug Plans (PDP) will be published in early October. Sign-up to be notified.

We also ranked the best Medicare Advantage plans with Part D in Michigan for 2024.

Michigan Medicare Part D Plans

Medicare Part D Plans available in Michigan for 2024
Plan Name Premium Deductible Benefit Type LIS Gap
Coverage
Senior
Savings
Rating
AARP MedicareRx Preferred $106.10 $0 Enhanced No Yes Yes
☆☆☆☆☆
AARP MedicareRx Saver Plus $28.40 $505 Basic Yes No No
☆☆☆☆☆
AARP MedicareRx Walgreens $28.20 $350 Enhanced No No No
☆☆☆☆☆
Cigna Extra Rx $51.90 $100 Enhanced No Yes Yes
☆☆☆☆☆
Cigna Saver Rx $12.50 $505 Enhanced No No No
☆☆☆☆☆
Cigna Secure Rx $29.90 $505 Basic Yes No No
☆☆☆☆☆
Clear Spring Health Premier Rx $17.50 $505 Enhanced No No No
☆☆☆☆☆
Clear Spring Health Value Rx $26.00 $505 Basic Yes No No
☆☆☆☆☆
Elixir RxPlus $49.80 $505 Enhanced No No No
☆☆☆☆☆
Elixir RxSecure $31.50 $505 Basic Yes No No
☆☆☆☆☆
Humana Basic Rx Plan $31.80 $505 Basic Yes No No
☆☆☆☆☆
Humana Premier Rx Plan $77.00 $300 Enhanced No Yes Yes
☆☆☆☆☆
Humana Walmart Value Rx Plan $30.50 $505 Enhanced No No No
☆☆☆☆☆
Mutual of Omaha Rx Essential $19.40 $505 Enhanced No No No
☆☆☆☆☆
Mutual of Omaha Rx Plus $83.50 $505 Basic No No No
☆☆☆☆☆
Mutual of Omaha Rx Premier $62.80 $505 Enhanced No No Yes
☆☆☆☆☆
Prescription Blue Premium $112.00 $0 Enhanced No No No
☆☆☆☆☆
Prescription Blue Select $94.50 $505 Basic No No No
☆☆☆☆☆
SilverScript Choice $30.60 $505 Basic Yes No No
☆☆☆☆☆
SilverScript Plus $71.40 $0 Enhanced No Yes No
☆☆☆☆☆
SilverScript SmartSaver $3.20 $505 Enhanced No No No
☆☆☆☆☆
Wellcare Classic $29.90 $505 Basic Yes No No
☆☆☆☆☆
Wellcare Medicare Rx Value Plus $71.30 $0 Enhanced No No No
☆☆☆☆☆
Wellcare Value Script $11.20 $505 Enhanced No No Yes
☆☆☆☆☆
If you qualify for Medicare but don't know where to begin, we have licensed insurance agents[1] at 1-855-728-0510 (TTY 711) who can answer your questions (Mon-Sun 8am-11pm EST) and help you get enrolled. There's no obligation.

Please note that 2024 Medicare Part D plan information for Michigan beneficiaries will not be available until early October.
Sign-Up for 2024 Medicare Part D Plan Notification

Every Part D Plan in Michigan Has 4 Cost Phases

Part D prescription drug plans help Michigan's Medicare beneficiaries pay for their prescriptions. If you're new to Medicare, you may not be familiar with how Medicare Part D out-of-pocket costs work. So, let's start with the four cost-sharing phases.

The Deductible is the First Phase

The deductible (up to $505 in 2023) is the amount that you pay before your Medicare Part D plan begins paying its share of the costs. So, if you enroll in a 2023 prescription drug plan with a $480 deductible, you'll spend $480 out-of-pocket before cost-sharing coverage begins. Most Medicare Part D plans have a deductible, but some Medicare Part D plans exclude Tier 1 drugs from the deductible, giving immediate coverage on most generic medications.

The Initial Coverage Limit is the Second Phase

The Part D ICL (Initial Coverage Limit) for 2023 is $4,660. During the ICL phase, your Part D plan will cover the majority of your prescription costs. If your prescription costs exceed $4,660 you go into the coverage gap phase ("donut hole")

The Third Phase is a Coverage Gap

After your gross drug costs have reached $4,660, you will enter the Coverage Gap phase. This is where you will pay 25% of your medication's retail cost. While the price of generic drugs might not be much different, what you pay for brand-name drugs will be higher (because you're paying 25% of the full price). This will continue until you reach $7,400 in True Out Of Pocket Costs (TrOOP).

Some plans offer additional gap coverage, so look for it on the plan information pages.

Catastrophic Coverage is the Fourth Phase

After you have spent $7,400 in true out-of-pocket costs on your medications, you get out of the coverage gap phase and you automatically receive "catastrophic coverage". In this phase, you will only have to pay a small percentage of coinsurance or payment on covered drugs for the rest of the year.

The out-of-pocket costs that help you get catastrophic coverage include:

  1. Your plan's deductible;
  2. What you paid during the initial coverage limit period;
  3. Most of the full cost of brand-name drugs (and the manufacturer’s discount) purchased in the coverage gap;
  4. The amount paid by others, including family members, most charities, and other persons on your behalf; and
  5. The amount paid by State Pharmaceutical Assistance Programs (SPAPs), AIDS Drug Assistance Programs, and the Indian Health Service.

The Lowest Premium May Not Be the Lowest Overall Cost

Don't make a decision on your choice of Part D Medicare plans based on the premium and deductible alone. It's critical that you verify that your medications are covered. You find this information, and the co-payment tiers, in the formulary. On each PDP page (above) we post links to the formulary and pharmacy web pages, and the phone numbers to contact the plan.

CRITICAL: The best Medicare Part D Plans for you can only be determined by factoring in what you can afford, your regular prescriptions, and your health. A bit of time spent on research will pay off in the long run.

Get Your Prescriptions and More with a Medicare Advantage Plan

Your Medicare benefits are flexible, and there's more than one way to get prescription drug coverage. If you want to keep your Original Medicare, you can enroll in one of the stand-alone prescription drug plans available in Michigan. The other way to get Part D coverage is to enroll in one of the many Medicare Advantage Plans available in Michigan that include Part D benefits.

Combining a Medicare Supplement and Medicare Part D Benefits

Medicare does not pay for all of your hospitalization and medical bills. In fact, Original Medicare only covers about 80 percent of your major medical costs. We keep an up-to-date directory of Michigan Medigap Plans, also called Medicare Supplements, with the tools you need to find the best price and coverage. Medicare Part D plans are fully compatible with Michigan Medigap plans.

Getting Medicare Part D with Michigan Medicaid

If you meet the requirements for both Medicare and Medicaid (aka, "dual eligible" or "Medi-Medi") in Michigan, you will automatically receive a Medicare Prescription Drug Plan, as well as Extra Help from Social Security. If you qualify for Extra Help, the program will cover most of the costs of your prescriptions. Even if you qualify, the dual eligible option may not suit your needs. In this case, enroll in the prescription drug plan of your choice. If you receive Medicaid now, call your local Medicaid office for assistance with your dual eligible benefits.

Plans Offered

Medicare Advantage and Part D plans and benefits offered by the following carriers: Aetna Medicare, Anthem Blue Cross Blue Shield, Aspire Health Plan, Centene Corporation, Dean Health Plan, Devoted Health, GlobalHealth, Health Care Service Corporation, Cigna-HealthSpring, Humana, Molina Healthcare, Mutual of Omaha, Oscar Health Insurance, Premera Blue Cross, Medica Central Health Plan, SCAN Health Plan, Scott and White Health Plan now part of Baylor Scott & White Health, and UnitedHealthcare.

Citations & References

  1. Medicare.gov, "How to get prescription drug coverage", Last Accessed September 3, 2022
  2. Benefits.gov, "Medicare Prescription Drug Plans", Last Accessed September 1, 2022
  3. Medicare.gov, "Costs for Medicare drug coverage", Last Accessed September 3, 2022
  4. Medicare.gov, "Are prescription drugs covered in Medicare Advantage plans?", Last Accessed June 5, 2022
  5. SSA.gov, "Extra Help with Medicare Prescription Drug Plan Costs", Last Accessed June 1, 2022
  6. CMS.gov, "Landscape Source Files", Last Accessed January 15, 2023
  7. CMS.gov, "Medicare Part C & D Performance", Last Accessed January 15, 2023

Footer

About MedicareWire

  • About
  • Contact
  • Code of Conduct
  • MCMG Compliance
  • Privacy
  • California Consumer Privacy
  • Disclosure
  • Personally Identifiable Health Information

[1] Licensed Sales Agent

Licensed sales agent (“advisor”) services are provided by HealthCompare Insurance Services, Inc., MedicareWire’s trusted partner. Online enrollment services are provided by MedicareEnrollment.com, a HealthCompare affiliate. Read our full sales agent disclosure.

[2] Trademark Notice

MedicareWire uses legal U.S. trademarks to identify and describe Medicare and other insurance products for shoppers. See our full trademark use disclosure.

Medicare Plan Directories

  • Medicare Advantage
  • Special Needs Plans
  • Medigap Plans
  • Medicare Part D
  • Senior Dental Plans

Copyright © 2023 MedicareWire.com - All Rights Reserved
101 W Goodwin St #2487, Prescott, AZ 86302

MedicareWire.com is a non-government website and is not endorsed by the Centers for Medicare & Medicaid Services (CMS) or any other government agency. For official government information, please visit Medicare.gov (1-800-MEDICARE). By using MedicareWire.com you agree to our Terms of Service and Privacy Policy.

Partner Disclosure: HealthCompare Insurance Services does not offer every plan available in your area. Currently we represent 18 organizations, which offers 52,101 products in your area. Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all of your options.


HealthCompare Insurance Services represents Medicare Advantage HMO, PPO and PFFS organizations and stand-alone PDP prescription drug plans that are contracted with Medicare. Enrollment depends on the plan’s contract renewal.


[3] Not all plans offer all of these benefits. Benefits may vary by carrier and location. Limitations and exclusions may apply.


[4] The standard Part B premium for 2023 is $164.90. Monthly savings vary and may be subject to processing delays and may not be immediate. Not available with all plans. Availability varies by carrier and location.


MULTIPLAN_HCIMEDWIR01_M

2024 Plan Notification

If you would like us to notify you when the 2024 Medicare plans have been posted, enter your First Name and Email. We value your privacy. You will not be added to a marketing list (no spam!).

  • Your first name only, please.
  • Please give us your best email so we can let you know when the 2024 plans have been posted. We do not SPAM and will not use your email for any purpose except notification of 2024 plan availability.

Get a FREE Medigap Rate Analysis... and Save!


Save money with our FREE Medicare Supplement Rate Report!

The only way to know if you are getting the best deal on your Medicare Supplement Insurance is to see all rates from all insurance carriers. That's what we'll send you when you fill out the form below. We won't spam you or sell your information. That's a promise!

Complete this form and we'll email your free report in 1 business day or less.

  • This field is for validation purposes and should be left unchanged.