LANSING, MI |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 for 2021, continuing Michigan’s tradition of having one of the most robust Marketplaces in the country.
“It is crucial that Michigan families are able to get the affordable health care coverage they need as we continue to feel the impacts of the COVID-19 pandemic,” said DIFS Director Anita Fox. “For the third year in a row, Michigan rate changes are below anticipated levels, and consumers will have a growing list of plans to choose from when shopping for health insurance coverage on the Marketplace.”
A new report from the National Center for Coverage Innovation found that Michigan experienced a 46% increase in the number of uninsured adults during the COVID-19 pandemic. DIFS continues to encourage consumers to take advantage of low and no-cost health insurance options that may be available to them now if they lost employer-based health coverage or experienced a reduction in income. Additional information is available at the Michigan Health Insurance Consumer Assistance Program (HICAP) website or by calling 877-999-6442.
For 2021, all companies that offered plans last year filed to offer Qualified Health Plans in the Michigan Health Insurance Marketplace:
- Blue Care Network of Michigan
- Blue Cross Blue Shield of Michigan Mutual Insurance Company
- McLaren Health Plan Community
- Meridian Health Plan of Michigan, Inc.
- Molina Healthcare of Michigan, Inc.
- Oscar Insurance Company
- Physicians Health Plan
- Priority Health
- Total Health Care USA, Inc.
DIFS reports that the average filed rate changes for individual market plans range from a decrease of 2% to an increase of 6% on a premium weighted basis. The Michigan Health Insurance Rate Change Request Charts are posted on the DIFS website. While Michigan utilizes the federally facilitated marketplace, DIFS is responsible for reviewing all plans and rates to ensure compliance with state and federal laws. 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 DIFSfirstname.lastname@example.org and if submitted prior to July 31, 2020, 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; and
- 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.
“DIFS is committed to providing transparency in the rate review process,” said Fox. “We welcome public input and are available for consumers if they have questions about their health insurance coverage.”
Open enrollment for Michigan’s federally-facilitated Health Insurance Marketplace will begin Nov. 1, 2020, and close on Dec. 15, 2020, with coverage effective Jan. 1, 2021. Information about the Marketplace is available at www.healthcare.gov. Michigan residents with health insurance questions can also visit www.michigan.gov/hicap or call DIFS 8 a.m. to 5 p.m. Monday through Friday at 877-999-6442.
The mission of the Department is to ensure access to safe and secure insurance and financial services fundamental for the opportunity, security, and success of Michigan residents while fostering economic growth and sustainability in both industries. In addition, the Department provides consumer protection, outreach, and financial literacy and education services to Michigan citizens. For more information, visit www.michigan.gov/difs or follow the Department on Facebook, Twitter, or LinkedIn.