Michigan's version of the marketplace — sometimes called the exchange — will be run by the federal government.
During a recent conference call, Michigan Consumers for Healthcare Executive Director Don Hazaert said he's thrilled with recent news that the state's rates will fall in the middle of the pack – 29th lowest out of 47 states that have data available.
Exact rates and plan details will not be available until Tuesday, but it is expected that 13 insurance carriers will offer nearly 50 plan choices on the Michigan marketplace. The exact number will vary by region.
“We are pleased with the level of competition,” Hazaert said.
The Obama administration projects Michigan residents will pay on average $306 a month on the exchange — before tax credits — for a mid-range plan. The national average is $328.
Premiums will vary depending on income, family size, age, hometown and tobacco use.
Hazaert said the coverage is better than many existing plans available today.
“It would be virtually impossible to purchase an insurance plan that provides the level of coverage of these plans,” he said. “We're very excited to see health care reform working for consumers.”
Many complaints about the Affordable Care Act center on its complexity. Several local insurance agents said they have way-more questions than answers.
“It's so much in the air, we don't know tons more than other people do,” said Mike Waldo of the Ippel Insurance Agency in Grand Haven. “It's a mess as far as getting it going and knowing what's going on. It's going to be a roller-coaster ride.”
To read more of this story, see Saturday’s print or e-edition of the Grand Haven Tribune.