DIFS Releases 2016 Health Insurance Rate Change Requests

Media Contact: Andrea Miller at 517-284-8668 *New Number 
Consumer Hotline: 877-999-6442
Twitter: @MIDIFS


LANSING - The Michigan Department of Insurance and Financial Services (DIFS) released today the Michigan Health Insurance Rate Change Request Charts for both individual and small group policies. These charts show average rate increases and decreases requested by a company or health maintenance organization (HMO), rate increases that are 10% or greater by product, and a tracking number to search the SERFF portal for detailed rate information. 

Designated as an effective rate review state, DIFS is responsible for the review and approval of premium rates filed by insurance companies and HMOs.  As part of the review process, DIFS is seeking public comment on these proposed rate changes. Comments will be accepted during the 30-day period beginning June 1, 2015 through July 1, 2015. Comments should be sent electronically to HealthRateComments@michigan.gov.

When reviewing the charts it is important to note that:

  • rate changes are an average percent change across all plans within a product;
  • an increase or decrease does not reflect how a health insurer’s premiums compare to others;
  • Individuals who receive a tax credit that covers a portion of their premium will experience rate changes that differ due to the tax credit calculation. 

“DIFS is committed to transparency in the rate review process,” said DIFS Director Patrick McPharlin. “As we conduct our review, we look forward to receiving the comments from consumers and businesses alike.”

Open enrollment for 2016 begins on November 1, 2015 through January 31, 2016. Consumers are encouraged to contact their insurance carrier, agent, or navigator regarding how these rate changes could affect their policy. There are also shopping tools, rate comparisons and resources available on the DIFS Health Insurance Consumer Assistance Program’s (HICAP) website, www.michigan.gov/hicap and the Healthcare.gov website.

For more information about DIFS or the services provided, please visit the website at www.michigan.gov/difs or follow them on Twitter.