When you’re auto insurance rates are the highest in the nation, you need to make some changes. When you’re the highest in the nation and the average is half what you are, you need to take a machete to your insurance laws and start over.
Unfortunately as long as Detroit is a part of Michigan, insurance reform will never happen. Most of the fraud cases come directly out of Wayne County. Then add the hospital lobbies into the mix and it’s a hot mess. Auto insurers in Michigan are charged 3 times more than a health insurer for the same procedure. It seems that the hospitals overcharge auto insurers to make up for the money they feel they are losing with their Medicade patients. We have a $220 fee added to our insurance bill to pay for the Unlimited Medical Expense per vehicle. Yet our governor doesn’t see eliminating that fee as a savings to insureds. She’s definitely part of the problem, not the solution.
Scenario – personal auto policy in a no fault state, PIP limit $5,000 – also has a HSA health plan through their employer.
The individual is involved in a MV accident causing an injury – the PIP limit is insufficient to pay for the medical costs… Can the insured use the $$ from the PIP coverage to satisfy their HSA deductible?
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It’s about time! No other State has unlimited PIP coverage, no wonder their premiums are so high.
When you’re auto insurance rates are the highest in the nation, you need to make some changes. When you’re the highest in the nation and the average is half what you are, you need to take a machete to your insurance laws and start over.
Unfortunately as long as Detroit is a part of Michigan, insurance reform will never happen. Most of the fraud cases come directly out of Wayne County. Then add the hospital lobbies into the mix and it’s a hot mess. Auto insurers in Michigan are charged 3 times more than a health insurer for the same procedure. It seems that the hospitals overcharge auto insurers to make up for the money they feel they are losing with their Medicade patients. We have a $220 fee added to our insurance bill to pay for the Unlimited Medical Expense per vehicle. Yet our governor doesn’t see eliminating that fee as a savings to insureds. She’s definitely part of the problem, not the solution.
Which insurance professional can answer:
Scenario – personal auto policy in a no fault state, PIP limit $5,000 – also has a HSA health plan through their employer.
The individual is involved in a MV accident causing an injury – the PIP limit is insufficient to pay for the medical costs… Can the insured use the $$ from the PIP coverage to satisfy their HSA deductible?