Medical Insurance in Michigan

One of the benefits of employment is that many employers will usually grant health insurance to their employees. While companies are not mandated by law to provide medical insurance in Michigan, employers who fail to provide insurance to a workforce of over 100 employees can and will be given a tax penalty. Oftentimes, this tax penalty costs more than the worth of buying group health insurance for their workers, which is why many companies decide to purchase group insurance from somewhere like instead. There are certain questions and confusions that surround the realm of group health insurance, and as an employee paying for this benefit, it is your responsibility to understand exactly what you’re getting.

Common Questions about Group Medical Insurance in Michigan

  1. Who Decides the Specifics of the Policy? – When thinking about the authorities that control a group health insurance, it’s important to keep in mind that your employer is the one who purchased it in the first place. That said, your employer stands as the master policyholder while the employees are certificate holders. This means your employer gets to decide the specifics of the policies they hand out, the coverage it offers, and the cost of the premiums. Employees are simply those who avail of the benefits.
  2. How do Premiums Work Under Group Medical Insurance in Michigan? – Because employees are the ones who will take advantage of the policy if and when the time to make a claim comes up, they will still have to pay a portion of the premium. But your employer will most likely answer for a large chunk of the expenses, which means you won’t have to pay the full amount. This is one of the perks of having group medical insurance from a company like this. When payment time comes rolling around the corner, you won’t have to worry about having to head out and make a deposit as well, as the portion of the premium payment coming from your end will be taken directly out of your paycheck.
  3. Can Employees Avail of Benefits as Soon as They are Hired? – The answer is no. Much like any other insurance policy, you should expect that there will be an enrollment period which will be the only time your insurance provider and employer will be able to make their dealings regarding your insurance policy. Employees might have to wait 90 days before their policy is put into effect, so you should expect there to be some waiting time before you can reap the benefits of your medical insurance.

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