Live Insurance News

Michigan health insurance premiums are getting cheaper

May 31, 2016May 28, 2016 H. Cutner

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…

Auto insurance premiums expected to rise in Michigan

March 16, 2016March 15, 2016 S.Vagus

Some 2 million drivers throughout the state may see higher rates Drivers in Michigan are likely to see higher auto insurance premiums this year. Some 2 million people could see a $40-a-year increase, unless a tax credit that benefits insurers is repealed. Governor Rick Snyder has proposed repealing the tax credit as part of his 2016-2017 budget proposal. Doing so would secure more funding for the state’s general fund and may be able to ensure that drivers do not pay higher rates for their coverage. Insurers are being reimbursed for…

Detroit drivers struggle under high auto insurance premiums

July 27, 2015July 24, 2015 S.Vagus

Auto insurance premiums in Detroit continue to be a burden for consumers Drivers in Detroit, Michigan, are struggling to afford auto insurance coverage. The city is home to the highest premiums in the country, which can be up to $5,000 a year for coverage in some parts of the city. Because auto insurance coverage is so high, nearly half of the city’s drivers are “driving dirty,” which involves operating their vehicles without any insurance coverage whatsoever. In order to combat this problem, Mayor Mike Duggan aims to address the high…

Insurance coverage for children’s wigs could become mandatory

June 19, 2015June 19, 2015 Julie Campbell

If a new bill should pass the House in Michigan, it will mean health plans will be required to provide cover. New legislation that has been introduced in the Michigan House could soon mean that there will be health insurance coverage for wigs for children who have lost their hair as a result of an illness. This bill would classify the children’s wigs as being prosthetics and would require them to be covered. This way, the insurance coverage would be the same for the wigs as they would be for…

Health insurance exchanges may be at risk in some states

May 21, 2015May 20, 2015 Marc

Supreme Court ruling could have a major impact on health insurance coverage Lawmakers in several states are working on ways to ensure that people will keep their health insurance pending a ruling from the U.S. Supreme Court. The court is expected to deliver a ruling on whether or not the federal government can provide subsidies for coverage offered through federal insurance exchanges. The ruling is likely to be delivered in the summer, and it could have a major impact on the availability of insurance coverage for millions of people. Michigan…

Hospitals respond to changes in Michigan’s auto insurance law

May 14, 2015May 13, 2015 Nordstrom

No-fault auto insurance law could have a major impact on hospitals Michigan lawmakers are considering making changes to the state’s no-fault auto insurance law in order to address the issues concerning expensive insurance coverage and the cost of medical care. Changes to the state’s law could have a major impact on its hospitals as well. The Michigan Health & Hospital Association has released estimates that suggest that proposed changes to the state’s auto insurance law will cost hospitals approximately $1.2 billion annually for treating those that have been in car…

Detroit Mayor unveils plan for auto insurance

May 1, 2015April 30, 2015 Nordstrom

Mayor Mike Duggan outlines his plan to address insurance coverage in the city Detroit Mayor Mike Duggan has unveiled some details about his plan to lower auto insurance rates in the city. This may be part of an overarching endeavor in Michigan to address the issues regarding the state’s no-fault insurance system and how it is contributing to higher premiums for drivers. Detroit is working to establish an insurance pool for drivers, offering them with affordable coverage that is expected to reduce the financial stress associated with auto insurance. New…