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Michigan Chamber of Commerce to launch its own health insurance exchange

August 19, 2014August 16, 2014 S.Vagus

New insurance exchange is being prepared for Michigan The Michigan Chamber of Commerce is taking action on health insurance coverage in the state. The Chamber of Commerce has been keeping track of the Affordable Care Act and how its various provisions are being enacted. State officials have noticed two troubling trends: The commissions of the state’s insurance agents has been dropping and the state’s health care system became significantly more complicated than it had been before. In order to alleviate issues that have emerged in the state’s market, the Chamber…

More companies aim to participate in Michigan health insurance exchange

June 13, 2014June 11, 2014 Marc

18 insurance companies are seeking entry into the state’s insurance exchange this year Michigan residents may have more options when it comes to purchasing health insurance coverage through the state’s insurance exchange this year. The Michigan Department of Insurance and Financial Services has announced that it has received policy proposals from 18 of the state’s insurance companies that are interested in participating in the exchange. All but two of these companies have filed proposals for individual policies, with 11 offering small group policies designed specifically for businesses. Regulators are currently…

Health insurance companies submit plans for Michigan’s insurance exchange

June 11, 2014June 8, 2014 S.Vagus

Insurers have submitted policies and rate proposals for products sold through state’s exchange Michigan’s insurance companies have submitted their new policies and rate proposals to the state’s health insurance exchange. These policies are to be sold during the exchange’s next open enrollment period, which is expected to occur in November of this year. Last year, some 272,000 people throughout Michigan enrolled for coverage through the state’s insurance exchange. These people received their policies from the 14 insurance companies that are participating in the exchange. Regulators will review policies and their…

Health insurance cooperative in Michigan to join the exchange

May 15, 2013May 25, 2013 G. Turner

The new co-op will target its products toward small businesses within the state. Starting on October 1, when the health insurance exchange will be opening for enrollment in Michigan, small businesses and individuals will now have an additional option to compare and consider, from the Consumers Mutual Insurance of Michigan. The organization is based in East Lansing and will now be listed on the federal exchange for the state. The health insurance cooperative will be boosting its operations under the leadership of Denny Litos, its CEO. The company received a…

Healthcare reforms battle in Michigan rages on

March 13, 2013March 11, 2013 G. Turner

Health insurance care reform confusion debate

The state has still not given its approval for the Governor’s new health insurance marketplace. Governor Rick Snyder has made yet another attempt to step forward in the state’s healthcare reforms by trying to obtain approval for a new health insurance market in Michigan, but this has once again been denied. The struggle in the state over the changes that must be made to the system is nowhere near over. The Republican-led Senate in Michigan was quick to stand behind the governor’s state created and operated health insurance exchange, as…