Tag: Michigan health insurance

Michigan seeks to broaden addiction treatment insurance coverage

Nordstrom
Addiction treatment insurance - syringe - pills

The goal is to offer more to residents addicted to opioids and to boost opioid reversal medication availability. Michigan is working on expanding its addiction treatment insurance coverage. The idea is to make sure there is more help available for those addicted to opioids and to ensure that reversal medications are more accessible. The state plans to make this widened coverage available to its residents in 2022. The reason the state wants to broaden its addiction treatment insurance coverage is that it wants to reduce the number of people dying…

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State insurance regulators start approving rate hikes to cover Trump’s slashed subsidies

Nordstrom
trump health insurance regulators premiums rates

Officials in Maryland have already given their approval to the last minute increases, but others are following. Insurance regulators in many states are starting to look into last minute health plan rate increases to compensate for the elimination of Affordable Care Act subsidies. Michigan officials have warned that they are already looking into the increases that they are likely to approve. At the same time, Maryland insurance regulators have already given their approval to the rate hikes. These increases are a direct response to President Trump’s executive order that eliminated…

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Michigan health insurance premiums are getting cheaper

H. Cutner
michigan health insurance

While rates have been on the rise across the country, residents of this state are staying affordable. According to the results of a recent study, Michigan health insurance rates are actually going to experience a small decrease in 2017, despite the fact that many other states across the country are watching their premiums grow increasingly expensive. This year has been relatively volatile in the ACA’s insurance exchanges, but that is not the case in Michigan. The Michigan health insurance premiums are not only remaining below the national average, but they…

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Health insurance premiums are on the rise in Michigan

S.Vagus
cash money subsidy health insurance deductibles

Michigan insurers are raising rates on coverage, but by a modest degree Insurance premiums in Michigan are set to rise next year. The Michigan Department of Insurance and Financial Services has approved rate increase proposals that will affect small businesses and individuals in 2016. For small group health insurance coverage, rates will rise by a very modest degree, while those with individual coverage will see a greater increase in their premiums beginning next year. Rate proposals were approved in order to allow insurers to recover from losses they had experienced…

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Study shows competition is not leading to lower health insurance premiums

S.Vagus
Michigan health insurance

New study suggests that competition is not having a beneficial impact on insurance rates The Economic Alliance for Michigan has released a new study concerning the size of the health insurance market and the effect that competition has had on insurance premiums. Typically, more competition in the health insurance markets leads to lower premiums, as insurers fight with one another for the support of consumers. The study, however, suggests that high competition between insurers does not always lead to lower premiums for individuals and businesses. Prominent insurers are not able…

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