Michigan health insurers submit open enrollment plans

LANSING – The Michigan Department of Insurance and Financial Services (DIFS) has received filings from nine health insurance companies to be included in the federally-facilitated Michigan Health Insurance Marketplace.

All the companies that offered plans last year have filed to offer Qualified Health Plans in the Michigan Health Insurance Marketplace:

— Blue Care Network

— Blue Cross Blue Shield of Michigan

— McLaren Health Plan Community

— Meridian Health Plan of Michigan, Inc.

— Molina Healthcare of Michigan

— Oscar Insurance Company

— Physicians Health Plan

— Priority Health

— Total Health Care USA

“Michigan consumers have a strong lineup of insurers from which to choose when shopping for health insurance coverage,” said DIFS Director Anita G. Fox. “We are entering the 10th year of the Affordable Care Act, the fact that we have nine companies continuing to offer plans shows that Michigan’s Marketplace is continuing to thrive. Some states have as few as one or two options. A robust Marketplace is an important part of ensuring that more Michiganders are covered in 2020.”

DIFS reports that the average filed rate change on a premium weighted basis ranges from a decrease of 8.8 percent to an increase of 8.3 percent for the individual market. The Michigan Health Insurance Rate Change Request Charts are located on the DIFS website. Once DIFS has completed its review, approved rate changes will be posted.

DIFS is seeking public comment on these proposed rate changes. Comments should be sent electronically to HealthRateComments@michigan.gov and if submitted prior to July 26, will be considered in DIFS’ review.

When reviewing the charts, it is important to note that:

— Rate changes are an average percent change across all plans; some consumers will experience rate changes either greater or less than those in the chart.

— An increase or decrease does not reflect how a health insurer’s premiums compare to plans offered by other insurers;

–Individuals who receive a tax credit that covers a portion of their premiums will experience rate changes that differ due to the tax credit calculation.

Open enrollment for Michigan’s federally-facilitated Health Insurance Marketplace will begin Nov. 1, and close on Dec. 15, 2019, with coverage effective Jan. 1, 2020.

Information about the Marketplace is available at www.healthcare.gov. Michigan residents with health insurance questions can also visit www.michigan.gov/hicap.

For more information about DIFS or the services provided, go to www.michigan.gov/difs, follow DIFS on Twitter or “Like” DIFS on Facebook.

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