On November 1, the Michigan Department of Insurance and Financial Services (DIFS) released a statement reminding Michiganders that the annual Health Insurance Marketplace open enrollment period began on November 1 and will end on January 15, 2023.
DIFS Director, Anita Fox, expressed that recent changes have increased access to health insurance. Michiganders are able to choose from 308 plans, 52 more options than last year. They encourage Michiganders to sign up for a plan during open enrollment to take advantage of newly extended subsidies to get low- or no- cost coverage.
The Inflation Reduction Act extended increased health insurance subsidies through the end of 2025. These expanded subsidies aim to help middle-income Michiganders afford comprehensive health insurance. Additionally, the U.S. Treasury Department recently took action to redefine what is considered “affordable,” to enable family members of employees to qualify for a subsidy rather than only the employee being covered.
Lastly, $4 million in Navigator grants have been awarded to three Michigan organizations to help expand access to qualified Navigators who provide free assistance to consumers who need help signing up for health insurance.