How your insurance rates are set

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Michigan Health Insurance – Employer Help – Learn More

If you've ever wondered how we decide what to charge for employer-sponsored health insurance, this article explains how rates are set.

Coverage, quality care and customer service are all critical factors when deciding on employer-sponsored health insurance. But we know in many cases, cost is most important.

How do we decide what to charge? Every business and organization is different. Your insurance rates will be too. In 2014, how we set insurance rates for small groups will also be different. To learn how, select a link below based on when your plan year began.

A business or organization is considered a small group if you have 50 or fewer full-time equivalent employees. Not sure if your business or organzation qualifies as a small or large group? Wondering how to count full-time equivalent employees? See How do I know if my business is a small or large group employer?

Does your business have more than 50 full-time employees? You'll get the most accurate information about how your rates are set from your sales representative.

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