Press Release

*Upcoming Health Insurance Open Enrollment Period to Bring Streamlined Plan Options, Continued Savings to Michiganders*

*Media Contact:?**Laura Hall*, (517) 290-3779, [email protected]
*Consumer Hotline:* 877-999-6442, Michigan.gov/HealthInsurance [ [link removed] ]

*FOR IMMEDIATE RELEASE:*?July 12, 2023?

(LANSING, MICH) During this year?s Health Insurance Open Enrollment period, Michiganders will have the chance to save money on health insurance while choosing from newly streamlined health plan options. This information comes from proposed rate filings sent by health insurers to the Michigan Department of Insurance and Financial Services (DIFS).

?With free local enrollment help, newly streamlined plan options, and continued savings, Michiganders will have affordable, easy to understand access to high quality health insurance during this year?s Open Enrollment period,? said *DIFS Director Anita Fox*. ?Consumers who need to secure health insurance during Open Enrollment, or those who need coverage after losing Medicaid benefits, can take advantage of these new opportunities to shop around and get the plan that works best for their needs and budget.?

Open enrollment for 2024 health coverage will run from November 1, 2023 through January 15, 2024. Michiganders can shop for a health insurance plan by visiting the?Health Insurance Marketplace [ [link removed] ]?or by calling 800-318-2596 (TTY: 1-855-889-4325). New rules [ [link removed] ] from the Centers for Medicare and Medicaid Services (CMS) have streamlined the number of available plans to simplify shopping for savings. During Open Enrollment for 2024 coverage, consumers will be able to choose from 176 health plans on the Marketplace. For the overall individual market, which includes off-Marketplace plans, 235 plans will be available.

Individual health plans are offered to Michiganders by the following companies:


* Alliance Health and Life Insurance Company (off-Marketplace)
* Blue Care Network of Michigan
* Blue Cross Blue Shield of Michigan Mutual Insurance Company
* Health Alliance Plan (off-Marketplace)
* McLaren Health Plan Community
* Meridian Health Plan of Michigan, Inc.
* Molina Healthcare of Michigan, Inc.
* Oscar Insurance Company
* Physicians Health Plan
* Priority Health
* United Healthcare Community Plan
* S. Health and Life Insurance Company

Health insurance rates nationwide, including in Michigan, continue to be affected by several factors, including supply chain issues and inflation, putting upward pressure on the cost of medical supplies and prescription drugs. As costs increase, health insurers increase rates to remain solvent. In some states, health premiums have increased as much as 20% [ [link removed]. ] in the last year alone. In Michigan, the average requested rate increase filed for individual plans ranges from 3.9% to 19%, with an overall average increase of 5.5%.

Helping to offset these increased costs, the Inflation Reduction Act extended increased health insurance subsidies through the end of 2025, which in 2023 allowed more than 85% [ [link removed] ] of enrolled Michiganders to get health insurance for less than $10 per month. For more information and to learn if you qualify, visit HealthCare.gov [ [link removed] ].

Michigan?s proposed rates for 2024 [ [link removed] ] have been posted for public review. When reviewing the chart, it is important to note that:


* Rate changes are an average percent change across all plans offered by that insurer; 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 seeking public comment on these proposed rate changes. Comments should be sent electronically [email protected]?and, if submitted before July 24, 2023, will be considered in DIFS' review. For questions or concerns about health insurance coverage in Michigan, contact DIFS at 877-999-6442, Monday through Friday from 8 a.m. to 5 p.m. or visit Michigan.gov/HealthInsurance [ [link removed] ].

The mission of the Michigan Department of Insurance and Financial Services 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 residents. For more information, visit Michigan.gov/DIFS [ [link removed] ]?or follow the Department on Facebook [ [link removed] ], Twitter [ [link removed] ], or LinkedIn [ [link removed] ].

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