Flat Rock, MI – Frost, Remer & Mercure Financial Service, Inc has given their thoughts about the potential changes in Michigan health insurance at the arrival of the newly declared Patient Protection and Affordable Care Act (PPACA), also known as ObamaCare.
The state of Michigan is one of the healthiest states in the country, where there are only 3.7 deaths in every one hundred thousand workers, as recorded in 2008. Also in that year, there has been a major drop of 18% in the number of children suffering from malnourishment or living in poverty.
It is common that most individuals in the state have their own Michigan health insurance, which is primarily acquired through their line of work. However, health insurance Michigan is quite costly, that people consider work that comes up with a coverage plan instead of paying it personally.
Only a little number of people, usually those who are not involved with work or working in jobs for employers who do not offer health insurance benefits, seeks coverage for their needs. The concept of health insurance in Michigan is simple—one should acquire it by any means they can, whatever is most convenient for them.
The fact that the PPACA was upheld poses another issue in the status of Michigan health insurance, especially for those who are unable to obtain their own coverage. While as of this time, the mandate’s full details is still vague, the basic details how it is about to be regulated has been revealed throughout the country, which many accepted with both positive and negative remarks.
Frost & Remer Insurance (http://www.InsuranceByFrost.com) looks at this new law with an open mind. Upon the regulation of the law, everyone on Michigan, as well as in the other states, will be required to have their own insurance plans, no matter how healthy they are. This is a requirement which will penalize every individual who has not acquired his own Michigan health insurance coverage.
While this law is deemed biased towards health insurance companies; it is actually not. In fact one aspect that will immediately take effect is the imposition of lifetime limits on people. In this sense, health insurance companies will no longer be able to restrict lifetime limits on people, taking away all the notions of disqualification even at the amount they have used during their lifetime.
This new law will take serious effect on 2014, where there is a national revolution in the health care industry. Many states are thinking of diverse ideas of making this new law managed by their government. An example would be the state of Vermont, who is considering establishment of tax-supported health care for their citizens.
As for Michigan, local health insurance companies are in the works of fulfilling and justifying this new law on the more positive light. Frost & Remer is among the locally based companies who offer affordable insurance plans for everyone with their own preferences. See http://insurancebyfrost.com/health-insurance/ for more details.
About Frost, Remer, and Mercure Financial Services, Inc.: Established In 1989 as an independent insurance agency serving the states Michigan, Ohio, Colorado, Georgia, Illinois, Minnesota, New York, Pennsylvania and Wisconsin with their primary focus on Southeast Michigan and Northern Ohio.
Their mission is to provide reliable insurance advice, quality service and honest claims advocacy at affordable pricing for individual, business and farm owners insurance needs by placing their clients’ insurance policies with insurance company partners that are well respected within the industry and are financially sound.
For more information about how they can help provide the right financial protection for you, visit http://www.InsuranceByFrost.com.