Already have health insurance at work? Basic questions answered
QUESTION: What if my employer already provides me with health insurance?
ANSWER: Nearly everyone has the option of purchasing a policy on the Michigan Health Insurance Marketplace, or state exchange. However, if your employer offers adequate insurance (see below), you won't get federal tax credits to reduce your costs.
Q: Does my employer have to carry a minimum level of coverage?
A: Employers with at least 50 employees must provide affordable coverage that meets a minimum value. Those phrases are key, and most large employer-sponsored plans presently meet those requirements.... read more