Overview
What is Consumers Mutual Insurance Of Michigan?
Consumers Mutual Insurance of Michigan is a member-driven nonprofit organization, established under Section 1322 of the Affordable Care Act. Its primary mission is to provide affordable health insurance and an exceptional customer experience to Michigan residents. Although there were no active policies as of December 31, 2017, due to the organization's rehabilitation, the state of Michigan terminated the liquidation of Consumers Mutual in January 2022, marking the end of its financial reorganization. The organization's headquarters are located in Lansing, Michigan.
Official website here: www.michigan.gov/difs/
Is Consumers Mutual Insurance Of Michigan legitimate?
Consumers Mutual Insurance Of Michigan is a legitimate nonprofit organization registered as a 501(c)(29) entity. Consumers Mutual Insurance Of Michigan submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.michigan.gov/difs/
What is the mission statement of Consumers Mutual Insurance Of Michigan?
Consumers Mutual Insurance of Michigan is committed to providing affordable health insurance and an exceptional customer experience. As a member-driven organization, its mission is to deliver a comprehensive benefit package, focusing on affordability and customer satisfaction. Despite initial challenges, it has successfully terminated its liquidation, marking a positive turn in its operations. The organization strives to offer health insurance products in a manner that prioritizes the needs and preferences of its members.
Official website here: www.michigan.gov/difs/
Who is the CEO of Consumers Mutual Insurance Of Michigan?
James Gerber is the Receiver of Consumers Mutual Insurance Of Michigan.
Official website here: www.michigan.gov/difs/
What is the revenue of Consumers Mutual Insurance Of Michigan?
Consumers Mutual Insurance Of Michigan's revenue in 2022 was $0.
Official website here: www.michigan.gov/difs/
Who are the executives of Consumers Mutual Insurance Of Michigan and what are their salaries?
There 2 volunteers at Consumers Mutual Insurance Of Michigan.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.michigan.gov/difs/
Where can I find the form 990 for Consumers Mutual Insurance Of Michigan?
Consumers Mutual Insurance Of Michigan's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.michigan.gov/difs/
Learn more at the official website: www.michigan.gov/difs/
Mission Statement of Consumers Mutual Insurance Of Michigan
Consumers Mutual Insurance of Michigan is a member-driven organization with a focus on delivering affordable health insurance, an outstanding benefit package, and an exceptional customer experience. Established by Section 1322 of the Affordable Care Act, its mission is to provide health insurance products in Michigan. This nonprofit organization strives to meet the health insurance needs of its members, offering them an attractive benefit package and a positive customer experience. Despite facing challenges in the past, such as having no outstanding policies in place as of December 31, 2017, due to rehabilitation, Consumers Mutual Insurance of Michigan has since made significant strides. As of January 26, 2022, the state of Michigan granted the motion to terminate the liquidation of Consumers Mutual, discharge the liquidator, and close the liquidation estate, signifying its continued operation and commitment to its mission.
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Impact
October, 2024
Consumers Mutual Insurance of Michigan has played a significant role in the state's health insurance landscape, particularly focused on enhancing access to affordable health insurance products. Established under the Affordable Care Act, it aimed to create a consumer-oriented plan to meet the needs of Michigan residents.
At its core, the organization was dedicated to providing an exceptional customer experience while ensuring members had access to a comprehensive benefits package. Its member-driven approach sought to empower consumers in their health insurance choices, fostering a sense of community ownership and accountability.
The impact of Consumers Mutual extended beyond just insurance offerings. It contributed to the broader goal of improving healthcare accessibility in Michigan, aligning with public health initiatives that prioritize affordability and quality care. Although the organization faced operational challenges leading to its liquidation, its initial mission underscores the importance of consumer-focused healthcare solutions in a complex insurance marketplace.
The eventual termination of the liquidation in 2022 marks a pivotal moment, indicating a transition in the organization’s status. It signifies the closure of a chapter in its operations while reflecting the evolving landscape of health insurance in Michigan.
This information is meant to be a general summary of Consumers Mutual Insurance Of Michigan. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2011
Phone
(517) 284-8664Principal Officer
James Gerber
Main Address
530 W ALLEGAN ST 7TH FLOOR, LANSING, MI, 489331521
Website
www.michigan.gov/difs/NTEE Category
Code: Y20 - Mutual benefit
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