Changes are coming for Michigan drivers and their car insurance. They’ll no longer be required to have unlimited medical coverage, under a law amending the Michigan no-fault formula.
Under the law that takes effect today you can still have the unlimited benefit, but you can pay for less coverage.
Options include a cap of $500,000, as opposed to the unlimited coverage, a cap of $250,000 and for those on Medicaid you can opt for a $50,000 benefit. If you have Medicare you can opt-out of the coverage entirely. There will be a slight increase in minimum liability. The law is in effect today. The changes in coverage take effect tomorrow.