MI| Michigan Department of Insurance and Financial Services, issued Bulletin 2025-06-INS, on February 18, 2025. It addresses the annual adjustment of the maximum deductible for Qualified Health Coverage (QHC) in relation to no-fault auto insurance. The bulletin states that the Director has determined that the $500 threshold for adjusting the deductible has not been met, and therefore, the maximum deductible for QHC remains at $6,579 for the period of July 1, 2025, through June 30, 2026.
Key points:
- The maximum deductible for QHC remains unchanged at $6,579 for the upcoming year.
- The total potential adjustment, which did not meet the required threshold, would have been an increase of $208.
