Michigan residents who had their health insurance policies cancelled in anticipation of the start of the federal Patient Protection and Affordable Care Act can have those policies reinstated, the Department of Insurance and Financial Services has just announced.
The department issued the announcement a little more than a week after President Barack Obama issued an executive order permitting those policies to be reinstated for one year. The president acted following problems with the rollout of the website to allow persons to sign up for new insurance, and because many of those policies had been cancelled as they did not meet new ACA requirements.
DIFS Director Ann Flood said the department considered the problems allowing these policies to be reinstated would cause insurers, but decided state residents needed more options.
Any requests for rate increases will have to be approved by the department.