Consumers Mutual Insurance of Michigan Placed in Rehabilitation
LANSING - The Michigan Department of Insurance and Financial Services (DIFS) today announced that Consumers Mutual Insurance of Michigan (“Consumers Mutual”) has been placed in rehabilitation. Rehabilitation is a proceeding under Chapter 81 of the Michigan Insurance Code that is conducted under the supervision of the Ingham County Circuit Court. The Rehabilitation Order allows DIFS to ascertain Consumers Mutual’s financial condition and implement steps to protect policyholders and creditors.
Individual policyholders of Consumers Mutual must start shopping at Healthcare.gov now and enroll in a new plan by December 15 in order for health coverage to begin January 1, 2016.
“Application and enrollment assistance is available from navigators, certified application counselors, and health insurance agents at no cost to consumers,” said DIFS Director Patrick McPharlin. “It is important to act now, as automatic re-enrollment will not be available to Consumers Mutual policyholders.”
Employer groups are strongly encouraged to work with their agents or brokers to transition their coverage to a new carrier effective January 1, 2016.
For further information on the rehabilitation policyholders can visit the DIFS website. Questions regarding enrollment on the Marketplace can be directed to the DIFS’ office at 877-999-6442, by visiting the Michigan Health Insurance Consumer Assistance Program (HICAP) or visit www.Healthcare.gov.