On September 15, 2017, the Michigan Department of Treasury notified all public employers of the “hard cap” contribution limits under the Publicly Funded Health Insurance Contribution Act for medical benefit plans renewing after January 1, 2018. The 2018 cap amounts were increased by 3.4%. The adjustment is based on the change in the medical care component of the consumer price index for the previous 12-month period.
For medical benefit plan coverage years beginning on or after January...