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  2. PIP insurance in Michigan - AOL

    www.aol.com/finance/pip-insurance-michigan...

    Instead, you can use your Michigan PIP insurance to file a direct first-party claim with your own insurance company for coverage of medical bills and associated costs after you, a passenger in ...

  3. 5 car insurance myths — debunked: Red cars, rate negotiations ...

    www.aol.com/finance/car-insurance-myth-212820623...

    A commonly required liability insurance is $25,000/$50,000/$25,000. Here's how it breaks down: $25,000/$50,000 for personal injury (PI) liability.

  4. Are Health Insurance Premiums Tax Deductible? - AOL

    www.aol.com/finance/health-insurance-premiums...

    For example, if you started a business and only reported a $2,000 income for the year, you can only deduct $2,000 worth of your health insurance premiums. Your medical premium tax deductions are ...

  5. Personal injury protection - Wikipedia

    en.wikipedia.org/wiki/Personal_injury_protection

    Personal injury protection (PIP) is an extension of car insurance available in some U.S. states that covers medical expenses and, in some cases, lost wages and other damages. PIP is sometimes referred to as "no-fault" coverage , because the statutes enacting it are generally known as no-fault laws, and PIP is designed to be paid without regard ...

  6. Find Out What's Really Driving Up Your Car Insurance Prices - AOL

    www.aol.com/whats-really-driving-car-insurance...

    All of these problems cause higher losses for car insurance companies. ... The highest-cost state for car insurance in 2023 was Michigan, with an average annual car insurance premium of $5,766 ...

  7. Section 831 (b) - Wikipedia

    en.wikipedia.org/wiki/Section_831(b)

    [3] [4] In other words, the micro-captive's underwriting income – the difference between earned premiums and incurred losses – is exempt from federal income tax. [5] As of 2020, to qualify for 831(b) status, the insurance company's written premium income must not exceed $2.3 million in a given year, a threshold that is indexed for inflation.

  8. Some Michigan drivers see no savings on auto insurance after ...

    www.aol.com/michigan-drivers-see-no-savings...

    Months into her first term, Gov. Gretchen Whitmer signed into law in May 2019 an overhaul of Michigan's no-fault auto insurance system with a goal of lowering premiums that, by many measures, were ...

  9. Blue Cross Blue Shield of Michigan - Wikipedia

    en.wikipedia.org/wiki/Blue_Cross_Blue_Shield_of...

    Blue Cross Blue Shield of Michigan, a nonprofit mutual insurance company, provides and administers health benefits to more than 4.3 million members residing in Michigan in addition to members of Michigan-headquartered groups who reside outside the state. In 1998, BCBSM merged several HMOs it owned into the Blue Care Network HMO. [2]

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    related to: medical portion of auto insurance premiums michigan tax friendly companies