Blue Cross Blue Shield of Michigan Files More Deeply Reduced Premiums for ACA Individual Plans Thanks to Extension of Federal Subsidy Program

Meghan O'Brien

| 2 min read

Young man talking on the phone in his home office
DETROIT, August 24, 2022 – The extension of Affordable Care Act health insurance subsidies included in the Inflation Reduction Act, recently signed into law by President Biden, will provide immediate dividends for Michigan residents. Today, Blue Cross Blue Shield of Michigan filed new rates for its individual ACA plans with Michigan regulators, adjusting them down for the open enrollment period set to open this fall. With the inclusion of the subsidies, BCBSM PPO plans originally filed average rate decrease went from -2.8% in the initial filing to -3.1%. BCN HMO’s originally filed rate increase went from an average of 8.6% down to 8.1%. “The Affordable Care Act was designed to keep private health insurance rates affordable for individuals and families. The tax credits provided to consumers are a big part of that affordability equation,” said Blue Cross Blue Shield of Michigan President and CEO Daniel J. Loepp. “The work by Congress and the Biden Administration to extend these tax credits will provide additional relief to our individual members and their families, by allowing Blue Cross to adjust their premiums downward.” Blue Cross Blue Shield of Michigan, a nonprofit mutual insurance company, is an independent licensee of the Blue Cross and Blue Shield Association. BCBSM provides health benefits to more than 4.7 million members residing in Michigan in addition to employees of Michigan-headquartered companies residing outside the state. The company has been committed to delivering affordable health care products through a broad variety of plans for businesses, individuals and seniors for more than 80 years. Beyond health care coverage, BCBSM supports impactful community initiatives and provides leadership in improving health care. For more information, visit and

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