Live Insurance News

290,000 Michigan residents sign up for health insurance coverage through exchange

January 21, 2015January 21, 2015 Marc

HHS data shows that 290,439 people have signed up or renewed their health insurance policies The federal Department of Health and Human Services has released information showing that more than 290,000 people in Michigan have enrolled for insurance coverage through the state’s health insurance exchange. The majority of these people will have their insurance coverage go into effect on February first, but consumers will have until February 15 to purchase the coverage they are interested in. Those that do not purchase insurance coverage by February 15 may have to wait…

Auto insurance records access creates battle in Michigan

January 7, 2015January 6, 2015 H. Cutner

Groups in the state feel that the Michigan Catastrophic Claims Association is not adequately transparent. The Michigan Catastrophic Claims Association (MCCA) fund is at the center of a considerable controversy when it comes to its transparency, and groups are now trying to boost the access to records with regards to the no-fault auto insurance system in the state. That association is responsible for the assessment of the $186 fee per vehicle fee that is a component of the state’s system. Groups are currently seeking to find a way to force…

More than 500,000 people find health insurance coverage through Michigan’s exchange

January 6, 2015January 3, 2015 Marc

State records show that 507,618 people have enrolled in the Healthy Michigan Plan More than half a million residents of Michigan have acquired health insurance coverage through the state’s exchange, called the Healthy Michigan Plan. According to state records, 507,618 have enrolled in the exchange during the first month of the latest open enrollment period. These people have found coverage that they favor through the exchange and it is estimated that the majority of enrollees are receiving subsidies for this coverage from the federal government. Exchange’s technical faults seem to…

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…

Health care reform offers insurance industry a boost, study

July 18, 2014July 15, 2014 H. Cutner

Medicare open enrollment deadline approaching fast – things you should know!

The Michigan medical coverage sector has been greatly benefiting from the sale of individual policies. The health care reform is giving quite a shot in the arm to the insurance industry in Michigan, as sales of individual policies have spiked by almost 40 percent in the first quarter of 2014. This, according to a report that was recently released, while profits had been slumping the rebound was large. Last year, profits had been sliding, but this year, the health care reform is giving the industry a considerable boost as there…

Rape insurance repeal attempt underway by Michigan Legislature Democrats

June 20, 2014June 18, 2014 G. Turner

Gretchen Whitmer Michigan rape insurance bill

A new legislative push led by Senator Gretchen Whitmer (D-East Lansing) is aimed at the controversial law. While lawmakers in Michigan may be on a considerable break for the summer, the Democrats in the state are currently working on a considerable effort in the form of a campaign within the legislature with the purpose of repealing the rape insurance legislation that was introduced by citizens in the state requiring them to purchase a separate coverage to pay for abortions. The law was originally enacted back in December, but bills are…

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…