Fourteen health insurers in Michigan have submitted applications to participate in the federal health insurance exchange marketplace for individual and small group markets beginning October 1, 2013.
The Department of Insurance and Financial Services (DIFS) is reviewing all plans to make sure they comply with the state insurance regulations and the Patient Protection and Affordable Care Act before submitting the plans to the feds for review by July 31. Even though the ball is rolling, individuals and small businesses won’t know what the premiums are for these policies until open enrollment on the exchanges opens October 1st.
Michigan will offer two exchanges, individual and SHOP, in which customers can select between four tiers of plans: Platinum, Gold, Silver and Bronze.
Insurers submitting applications to health insurance exchange:
Filed plans for the individual and small group market:
- Alliance Health and Life Insurance Co.
- Blue Care Network of MI
- Blue Cross Blue Shield of Michigan (and multi-state plan)
- Consumers Mutual Insurance of Michigan (CO-OP)
- Health Alliance Plan
- McLaren Health Plan
- Physicians Health Plan
- Priority Health
- Priority Health Insurance Co.
- Total Health Care USA
Individual Coverage only:
- Humana Medical Plan of Michigan Inc.
- Meridian Health Plan of Michigan Inc.
- Molina Healthcare of Michigan
Small Group only:
- United Healthcare Life Insurance Co.
For Michigan residents, get more information at www.michigan.gov/hicap.
Source: 14 Michigan health insurers apply to sell policies on federal health insurance exchange. Crain’s Detroit Business. Accessed 6/14/2013. http://www.crainsdetroit.com/article/20130606/NEWS/130609908/14-michigan-health-insurers-apply-to-sell-policies-on-federal-health
