Michigan is a state with so much to offer, from growing urban areas to quiet rural towns. While it may not have the warm weather of other top retirement destinations, it’s still a great place for older adults to make their home. Here’s what you need to know about retiring in Michigan.

Beautiful Scenery, But Cold Winters

Michigan’s location in the middle of the Great Lakes means there are hundreds of miles of stunning coastline to check out. In the summer, it’s a great place to take a boat out or even just relax in the area’s sand dunes. This state sees some of the nation’s most beautiful fall colors as well. The weather can get very cold and snowy in the winter, so residents will need to bundle up. However, those who are willing to brave the cold can enjoy excellent snowshoeing and cross-country skiing.

Convenient Location

For retirees who have family and friends all over the country, Michigan can serve as a central location. Detroit and Grand Rapids are notable metro areas in their own right. Living in Michigan also puts you very close to Toronto, Chicago, Milwaukee, Cleveland, Pittsburgh, and many other large cities. Detroit has an international airport for those who want to fly further away.

Affordable Living

Property prices in Michigan are very reasonable, especially in many of the state’s charming small towns. Additionally, Michigan does not tax Social Security income. They also do not have an estate tax, and there are significant tax breaks for other forms of retirement income.

Medicare in Michigan

Older adults moving to Michigan will need to make sure they have healthcare coverage they can rely on. Medicare in Michigan covers most disabled residents and residents who are over the age of 65. There is a seven-month window to enroll in Medicare for those who are over the age of 65, beginning three months before your birthday and ending three months afterward.

Original Medicare covers 80 percent of your medical expenses, and consists of Part A for inpatient hospital coverage and Part B for outpatient coverage. Those who would like further coverage can take out a Medigap plan, which covers most services not provided under Original Medicare. Michigan has guaranteed-issue Medigap plans. Enrollees can also select a Part D plan, which provides prescription drug coverage. Alternatively, you can opt for a Medicare Advantage plan, which is provided by private insurance companies and can provide additional coverage. Over 40 percent of Medicare enrollees in Michigan choose a Medicare Advantage plan.

Michigan is an excellent place for older adults to enjoy a cozy retirement. If you’re interested in learning more about your Medicare options, contact Time For 65’s licensed partnered agents today. Fill out this form or give us a call to learn more about how we can help.