Drivers in Michigan will have the new choices related to their auto insurance coverage beginning July 2, 2020. Drivers will be able to choose new levels of Personal Injury Protection (PIP) Medical Coverage and determine the level of Bodily Injury Coverage that best protects them and their family.
If you are looking to reduce your auto insurance premium costs, we would recommend you talk to a licensed insurance agent and familiarize yourself with the pros and cons of selecting benefit options for the new auto insurance coverage levels. Many of the new coverage options hinge on whether a driver and his or her family members have “Qualified Health Coverage” (QHC). Employers should expect to be on the receiving end of questions from employees about whether their health insurance benefit plan allows them to choose a level of PIP medical coverage other than unlimited and maximize their auto insurance savings.
Resources For Employers –
- Michigan Self-Insured Health Plans are Impacted by Auto Insurance Changes (Clark Hill)
- Employers: Help Your Employees Realize Savings (City of Detroit)
- Webinar: Michigan’s New Auto Insurance Law: Understanding the Impact on Employers, Employer-Sponsored Health Insurance (Free to MI Chamber Members)
Resources For Drivers –
- Michigan’s New No-Fault Law: What You Need to Know (State of Michigan)
- Choosing Coverage: What You Need To Know (State of Michigan)
- Choosing Coverage: PIP Medical Coverage (State of Michigan)
- Choosing Coverage: Bodily Injury (State of Michigan)
- Shopping Tips (State of Michigan)
- New Auto Insurance Rate Filings Approved: Average Statewide Savings Exceed New Law Requirements (State of Michigan)
- Five Questions Every Driver Should Ask Their Insurance Agent (City of Detroit)
Please don’t hestitate to contact us if you have any questions at info@michamber.com.