13 insurers authorized to sell health insurance to small businesses in 2024

13 insurers authorized to sell health insurance to small businesses in 2024

November 8, 2023 OLYMPIA, Washington. Thirteen health insurers were approved to sell group health plans to small employers in 2024. Insurers requested an average premium increase of 8.30%, but only 8.02% were approved. The new rates will come into effect after January 1, 2024, upon renewal of the employer plan. Nationally, 50% of small employers …

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Michigan Small Business Health Plans Will Cost 7.1% More on Average for 2024

Michigan Small Business Health Plans Will Cost 7.1% More on Average for 2024

Michigan small businesses will pay an average of 7.1% more for their employees’ health coverage in 2024, under rate proposals approved by state regulators. The statewide average increase affects 12 insurance companies that participate in Michigan’s small group market for employers with 50 or fewer employees. The rate increases approved by the Michigan Department of …

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