MI| Michigan Department of Insurance and Financial Services Bulletin 2025-05-INS, announces that for dates of service from July 2, 2025, through July 1, 2026, any amount payable that was in effect on January 1, 2019, for the purposes of MCL 500.3157(7) or MCL 500.3157(8) shall be increased by 13.12%. This adjustment is based on the percentage change in the medical component of the Consumer Price Index for the preceding year, as required by Public Acts 21 and 22 of 2019, which amended Section 3157 of the Insurance Code.
Key Points:
- The 13.12% increase for 2025-2026 is a cumulative adjustment, reflecting the previous 10.16% adjustment plus a 2.69% adjustment for the current year.
- The bulletin provides a table of fee schedule adjustments for recent periods, showing both annual and cumulative adjustments from July 2, 2021, to July 1, 2025.
- This bulletin supersedes the previous Bulletin 2024-08-INS, issued on February 29, 2024, and directs any questions to the Office of Appeals, Legal Research, and Market Regulation within the Department of Insurance and Financial Services.