2024 Michigan Health Insurance Rate Change Requests Michigan SERFF Filing Access
Individual Market (APPROVED)
Healthcare.gov Rate Review
Below is a listing of issuers who are approved to offer ACA-compliant health insurance policies in the INDIVIDUAL market in 2024. DIFS has completed its review and the approved rate changes are shown
below next to the requested changes. More detailed information can be found on Michigan's website through its SERFF Filing Access database or in the Rate Review section of Healthcare.gov
at the links provided above.
Important Note: As rate changes vary by plan, geographic area, and tobacco status, individuals may experience rate changes different from the annualized change. In addition, individuals receiving tax
credits covering all or part of their premium will experience different rate changes due to the tax credit calculation. The 2024 tax credits will not be known until closer to the beginning of open enrollment on
November 1, 2023.
Issuer Name
Participating
in Federally
Facilitated
Marketplace
Requested Approved*
Current
Enrollment
On or Off
Marketplace
On or Off
Marketplace
with 15% or
greater rate
increases
On
Marketplace
SERFF Tracking
Number
Link to Submit
Public Comment
Alliance Health and Life Insurance Company
No 14.8% 14.8% 1,913 7 4 0 HALP-133620655
Blue Care Network of Michigan Yes 5.4% 5.4% 101,400 33 0 27 BCNT-133673437
Blue Cross Blue Shield of Michigan Mutual Ins Co Yes 4.0% 4.0% 53,309 10 0 9
BBMI-133671926
Health Alliance Plan (HAP) No 12.3% 12.3% 2,247 21
0 0 HALP-133620675
McLaren Health Plan Community Yes
16.2% 16.2% 4,622 12 10 12 MCLH-133669666
Public Comment
Meridian Health Plan of Michigan, Inc. Yes 5.2% 5.2% 32,659 31 0 27 HPMI-133674875 Period has
Molina Healthcare of Michigan, Inc. Yes
5.8% 5.8% 17,003 7 0 7 MHCM-133671960 Closed
Oscar Insurance Company Yes 3.9% 3.9% 1,403 12 0 12 OHIN-133673573
Physicians Health Plan Yes 7.2% 5.4% 8,471 12
0 10 PHPM-133679735
Priority Health Yes 5.2% 5.2% 139,104 67 0 49 PRHL-133680419
UnitedHealthcare Community Plan, Inc. Yes 6.4% 6.4% 5,369 16 0 16 UHLC-133619847
US Health and Life Insurance Company* No 19.0% Withdrawn 5,482 0 0 0 USHL-133651027
Total - Individual Market 5.5% 5.3%
372,982 228 14 169
*Company withdrew their filing following DIFS identification of non-compliance items.
Definitions
Annualized Rate Changes: Requested/Approved Average rate change for the upcoming year. Individual rate changes will vary by plan, age, geographic area, and tobacco status.
Current Enrollment Number of individuals enrolled in plans currently offered by the issuer.
Number of Plans: On or Off Marketplace Total plans to be offered by the issuers in the upcoming year. Benefits and cost sharing vary between plans and may not be offered in every part of the state.
Number of Plans: On or Off Marketplace with 15% or
greater rate increases
Plans with rate increases equal to or exceeding 15% subject to additional rate review and disclosures.
Number of Plans: On Marketplace Number of plans to be offered on the Marketplace (healthcare.gov). The difference from the On or Off column is the number of plans offered solely outside the Marketplace.
SERFF Tracking Number Filing number assigned to the rate increase request made within the NAIC's SERFF filing system. Can be used to search the SERFF Filing Access database.
Rate changes, enrollment, and plan totals are as reported on issuers' Unified Rate Review Templates and/or SERFF rate filings.
This document satisfies 45 CFR 154.301(b) for public disclosure and input for Michigan's effective rate review program.
Updated: 10/16/2023
Annualized Rate Changes
Number of Plans
2024 Michigan Health Insurance Rate Change Requests Michigan SERFF Filing Access
Small Group Market (APPROVED)
Healthcare.gov Rate Review
Below is a listing of issuers who are approved to offer ACA-compliant health insurance policies in the SMALL GROUP market in 2024. DIFS has completed its review and the approved rate changes are shown
below next to the requested changes. More detailed information can be found on Michigan's website through its SERFF Filing Access database or in the Rate Review section of Healthcare.gov
at the links provided above.
Important Note: As rate changes vary by plan, geographic area, and tobacco status, individuals may experience rate changes different from the annualized change. Individual employee premiums will also
be affected by the amount the employer contributes to the total premium.
Issuer Name
Participating
in Federally
Facilitated
Marketplace
Requested Approved
Current
Enrollment
On or Off
Marketplace
On or Off
Marketplace
with 15% or
greater rate
increases
On
Marketplace
SERFF Tracking
Number
Link to Submit
Public Comment
Alliance Health and Life Insurance Company No 12.1% 12.1% 19,708 44 9 0 HALP-133620671
Blue Care Network of Michigan No 5.8% 5.8% 111,504 162 0 0
BCNT-133655640
Blue Cross Blue Shield of Michigan Mutual Ins Co No 6.7% 6.7% 170,698 84 0 0 BBMI-133638188
Health Alliance Plan (HAP) No 12.8% 11.1% 18,417
50 10 0 HALP-133620668
Humana Insurance Company No Withdrawn Withdrawn Withdrawn 0 0 0 N/A
McLaren Health Plan Community No
Withdrawn Withdrawn Withdrawn 0 0 0 N/A Public Comment
Paramount Care of Michigan No 7.0% 7.0% 257 9 0 0 PARM-133636590 Period has
Paramount Insurance Company No 4.5% 4.5% 103 8 0 0 PARM-133636571 Closed
PHP Insurance Company No 10.6% 10.6% 1,185 18 0 0 PHPM-133665666
Physicians Health Plan No 10.4% 10.4% 4,198 36 0 0 PHPM-133665639
Priority Health No 6.7% 6.7% 86,554 87 1 0 PRHL-133618646
Priority Health Insurance Company (PHIC) No 6.3% 6.3% 3,441 15 0 0 PRHL-133618656
UnitedHealthcare Community Plan, Inc. No 11.5% 11.5% 1,535
16 0 0 UHLC-133595317
UnitedHealthcare Insurance Company No 9.0% 9.0% 10,728 42 0 0 UHLC-133592346
Total - Small Group Market 7.1% 7.0%
428,328 571 20 0
Definitions
Annualized Rate Changes: Requested/Approved Average rate change for the upcoming year. Individual rate changes will vary by plan, age, geographic area, and tobacco status.
Current Enrollment Number of individuals enrolled in plans currently offered by the issuer.
Number of Plans: On or Off Marketplace Total plans to be offered by the issuers in the upcoming year. Benefits and cost sharing vary between plans and may not be offered in every part of the state.
Number of Plans: On or Off Marketplace with 15% or
greater rate increases
Plans with rate increases equal to or exceeding 15% subject to additional rate review and disclosures.
Number of Plans: On Marketplace Number of plans to be offered on the Marketplace (healthcare.gov). The difference from the On or Off column is the number of plans offered solely outside the Marketplace.
SERFF Tracking Number Filing number assigned to the rate increase request made within the NAIC's SERFF filing system. Can be used to search the SERFF Filing Access database.
Rate changes, enrollment, and plan totals are as reported on issuers' Unified Rate Review Templates and/or SERFF rate filings.
This document satisfies 45 CFR 154.301(b) for public disclosure and input for Michigan's effective rate review program.
Updated: 10/16/2023
Annualized Rate Changes
Number of Plans
