Michigan Medical Insurance– low cost medical & dental insurance quotes « Health Insurance Advisory

Affordable Individual and Self-Employed Medical Insurance- Michigan

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Get online medical insurance quotes from top health insurance companies in Michigan, including Aetna Health Plans, Celtic Health Insurance, Alliance Health Insurance Company, Blue Cross Blue Shield of Michigan, Companion Life Insurance, United Healthcare Golden Rule and Humana One Insurance.

We make it easy for you to shop and compare the prices of individual medical insurance plans and health insurance for the self-employed, including High Deductible Health Plans paired with a Health Saving Account in Michigan. You are sure to find affordable medical insurance for you and your family.

Since the new healthcare law went into effect March 2010, individual major medical insurance plans and employer sponsored group health plans have undergone many positive changes that will benefit you. This includes mandated coverage for preventive care services and expanded eligibility for young adults less than age 26. For a summary of the new healthcare law and timeline, including the latest information regarding new consumer protections, visit our healthcare reform blog.

Other types of health insurance that you can shop and apply for online through this site for Michigan include:

Individual Dental Insurance

Are you one of 150 million estimated Americans who do not have dental insurance? If so, have you considered an individual dental insurance plan? Full coverage dental insurance helps maintain proper health and financial well-being. Choose from a variety of plans in Michigan. You can even continue to use your own dentist! Inexpensive dental insurance is perfect for students too. Get a quote and apply online today. It is fast and easy!

Short Term Medical Insurance

Are you between jobs? Want a more affordable alternative to COBRA continuation coverage? Need student medical insurance? If yes, then short term medical insurance may be right for you. These affordable temporary health insurance plans help individuals in Michigan fill a short term gap in coverage, usually 12 months or less. Short term medical insurance also help individuals maintain continuous health insurance coverage in order to preserve HIPAA eligibility status. This is important because HIPAA eligible individuals are guaranteed the right to purchase individual major medical insurance, regardless of their health status.

Guaranteed Health Insurance

If you are unable to qualify for individual major medical insurance in Michigan due to a pre existing health condition or cannot afford it, then a guaranteed health insurance plan or mini med is an alternative worth considering. Also referred to as health insurance for pre existing conditions, this type of individual medical insurance is often called the cheapest health insurance. There is generally no medical underwriting so acceptance is usually guaranteed. Since benefit payments made by the guaranteed medical insurance plan are fixed, the coverage is not considered major medical insurance. Additionally, health conditions that existed prior to the effective date of the medical insurance policy are not covered for typically 12 months. Having some form of medical insurance, however, enables individuals to gain access to the healthcare system in Michigan and typically receive a higher level of care than if they did not have health insurance. Think about it. What is one of the first questions a healthcare provider asks when making an appointment? “Do you have medical insurance?”

Medical Insurance Overseas

Are you traveling from Michigan to a destination outside the United States or taking a school trip to another country? Medical insurance overseas and international student medical insuranceis designed to provide additional protection should you or a family member require healthcare overseas. Since most individual medical insurance offers limited or no coverage outside the United States, make sure you are adequately protected before you leave Michigan. Medical insurance overseas and international student medical insurance provides additional benefits, such as emergency air evacuation and travel assistance if you lose your passport or experience flight delays or cancellations due to weather or other causes.

Critical Illness Insurance

Could your nest egg withstand the financial impact of a critical illness? Even though medical insurance covers the cost of medical services and supplies, surgery and hospitalization, there are still many uninsured expenses, such as deductibles, prescription drugs, home healthcare and private nursing, and lost income/ wages. Critical illness protection insurance will pay a lump sum of cash upon the first diagnosis of a critical illness. Critical illness protection works well with a high deductible medical insurance plan because the premium savings can be used to pay for critical illness insurance and the cash benefit can help cover the high deductible.

Prescription Drug Card

Do you not have medical insurance in Michigan that covers prescription medication? Are you paying for expensive drugs out of your pocket? If yes, then consider a prescription drug card. It can help make the cost of prescription medication more affordable for you and your family. Learn more about how a prescription drug card can help you today!

Free Health Discount Plan

As a thank you to our Michigan visitors, we offer a free health discount plan (not insurance). You will save 13% to 65% on prescriptions at 50,000 participating pharmacies nationally, including major chains. Also, save 25% to 40% over usual dental charges at 101,000 dental providers nationally, and 10% to 50% off eyewear, contact lenses and corrective surgery at 10,500 optical centers and major vision chains! No personal information required. This free drug discount card is even valid on many prescriptions for your pet! Get your free health discount plan now!

State Facts & Health Statistics Michigan U.S. Overall
Total Population 9,809,700 303,343,300
Life Expectancy (years) 77.7 78.0
Median Annual Income $48,888 $49,949
Healthcare Spending per Person $5,058 $5,283
Average Annual % Growth- Healthcare Spending 5.8% 5.5%
Uninsured Population 1,250,600 49,997,900
Average Daily Cost of Inpatient Hospital Stay $1,841 $1,782
Adult Smokers* 20.4% 18.3%
Adult Overweight/ Obesity Rate* 63.0% 60.8%
Child Overweight/ Obesity Rate* 30.6% 31.6%
Adults with Diabetes* 9.3% 8.3%
Alzheimer’s Deaths per 100,000 22.1 22.7
Invasive Cancer Rate per 100,000 487.3 461.8
Heart Disease Deaths per 100,000 221.5 190.9

* % of population
Kaiser Family Foundation Reports- state health facts 2005-2010

Medical Insurance Michigan

  • Low Cost Medical Insurance with an HSA

    Health Saving Accounts (HSAs) paired with a high deductible medical insurance plan have significantly gained in popularity over the past several years for self employed individuals, families and employers of all sizes. These consumer driven health plans (CDHPs) offer low cost medical insurance and often lower out of pockets costs than traditional health insurance plans.

    In 2005, total HSA enrollment was only 1 million persons, while 11.4 million individuals as of January 2011 were enrolled in an HSA coupled with a high deductible medical insurance plan. The 11.4 million represents 6.6% of the total enrollment in private health insurance (under age 65). More than 10% of all new health plan purchased today are HSAs with high deductible plans. Participation is almost evenly split between females (49%) and males (51%). Of the enrollees in the individual health insurance market, 49% were age 40 or older, while 51% were under age 40.

    States with the highest enrollment in HSAs with high deductible medical insurance plans are:

    • Alaska
    • California
    • Colorado
    • Connecticut
    • Delaware
    • Florida
    • Georgia
    • Illinois
    • Indiana
    • Iowa
    • Kentucky
    • Louisiana
    • Maine
    • Maryland
    • Michigan
    • Minnesota
    • Montana
    • Nebraska
    • New Hampshire
    • North Carolina
    • Ohio
    • South Carolina
    • Tennessee
    • Texas
    • Vermont
    • Wisconsin

    Why are HSAs so popular? Despite the myth that high deductible medical insurance is more risky than traditional “PPO copayment plans,” HSAs/ high deductible health plans can actually reduce your out of pocket exposure if you require major surgery or hospitalization. Since high deductible plans pay 100% of covered charges after the deductible has been satisfied when using network healthcare providers, there is no additional out of pocket expense. In contrast, traditional “PPO copayment plans” typically pay 80% after the deductible. So, in addition to always having copays, you are also required to satisfy the maximum out-of-pocket before the health plan pays 100% of covered charges when using a network healthcare provider. This can cost you several thousand more dollars out of your pocket.

    Other reasons why individual choose HSAs with a high deductible medical insurance plan include:

    • Lower cost of medical insurance, as the health insurance premium is generally 25% to 50% less than a comparable traditional “PPO copayment plan”
    • Greater spendable income since federal and state income tax liability is reduced- even if you do not itemize your deductions
    • Opportunity to grow your savings and accumulate money without paying taxes- HSA monies can be invested and investment earnings accumulate tax free
    • Increased tax deduction for out-of-pocket healthcare expenses, such as vision, dental and prescription drugs- even though they may not be covered under the high deductible medical insurance plan

    An HSA paired with high deductible medical insurance plan may not be right for you if:

    • Have minimal healthcare needs and want the convenience and comfort of copayments, rather than a calendar year deductible to satisfy
    • Would rather pay a higher premium and less out of pocket for office visits, lab work and prescription drugs

    If you want to learn more about why HSAs are considered affordable medical insurance, the requirements to set one up and how file your tax return, visit the HSA section of our Medical Insurance Research Center. You might be surprised at how relatively easy HSAs and high deductble medical insurance plans are to understand and effective at providing lower cost health insurance for you and your family.

    An HSA is simply a bank account that is used in conjunction with a high deductible medical insurance plan. The HSA is designed to help fund the deductible and pay for other qualified out-of-pocket healthcare expenses, such as medical, dental and vision expenses with tax-free money. Monies deposited into an HSA are tax deductible and funds withdrawn to pay for covered healthcare expenses are not taxed. HSA monies can be invested and accumulate tax-free for retirement.

    To find and secure an affordable high deductible medical insurance plan, get to healthinsuranceadvisory.org today!

  • Medical insurance premium increase review regulation implemented by Michigan

    New rate filing requirements for individual medical insurance plans and small employer group health insurance have just been implemented by the Michigan’s Office of Financial and Insurance Regulation. These new rules apply to new health insurance rate filings and are in accordance with the rate review provisions of the new healthcare law, called the Patient Protection and Affordable Care Act (PPACA).

    Historically, all health insurers had to file rates for individual medical insurance plans in Michigan. Additionally, Blue Cross Blue Shield of Michigan and health maintenance organizations had to file large employer group and small group health insurance rates.

    Effective immediately, all commercial health insurance carriers will have to file their rates for individual medical insurance plans and small group health plan rates (2-50 eligible employees), according to a deputy commissioner with Michigan’s Office of Financial and Insurance Regulation.

    The new healthcare law requires Michigan and other states to implement new rate review provisions within PPACA which mandates that health insurers post on the web their explanation for any proposed rate increase of 10% or more, and provide a mechanism for consumers to comment on the proposed medical insurance premium rate increases.

    If you are searching for medical insurance options in Michigan, let is help you find and secure an affordable Michigan individual medical insurance plan. Our online medical insurance quotes allow you to shop and compare side by side the rates and benefits of leading health insurers. Start saving money today!

    As a thank you for visiting our site, be sure to download and print your free Rx card. It will save you money on prescription drugs, dental care and vision services and supplies at major retailers and locally owned stores.

  • Blue Cross Blue Shield of Michigan appeal hospital contract lawsuit

    Blue Cross Blue Shield of Michigan on Friday appealed a U.S. District Court judge’s denial to dismiss a federal and state lawsuit against the insurer that alleges the Blues’ use of certain hospital contracts stifles competition and drives up costs for consumers.

    The Blues have appealed to the U.S. Sixth Circuit Court after Detroit federal Judge Denise Page Hood said in June she was refusing the insurer’s request to dismiss the case, which was filed last fall by the U.S. Justice Department and former Michigan Attorney General Mike Cox.

    Hood’s decision allowed the case, which has garnered national attention, to move forward.

    The federal and state governments allege the Blue Cross Blue Shield of Michigan signed contracts with more than half of Michigan’s acute care hospitals that prevent them from charging other medical insurance companies lower prices, and in some cases the Blues agreed to boost reimbursement to hospitals if they charged competing insurance companies higher rates.

    “It’s good for Michigan consumers for Blue Cross Blue Shield to be able to fairly negotiate hospital contracts that guarantee the lowest prices for millions of people,” said Helen Stojic, a spokesperson for the Blues, which has about 4.3 million Michigan members. “The federal government wants to deny us this ability to keep health care affordable, and we look forward to successfully defending it in court. This appeal is part of that process.”

    Are you searching for affordable Michigan medical insurance? Use our tools, resources and information to shop, compare and apply online for individual and self employed medical insurance, individual dental insurance, short term medical insurance, medical insurance overseas travel and critical illness protection.

    Download and print a free Rx card as a thank you for visiting our site. It will save you money on prescription drugs, dental care and vision services at national chains and local stores in the state of Michigan.

    - The Detroit News

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