MMA: Insurance & Benefits: Insurance & Benefits Home

Insurance & Benefits

Insurance & Benefits Home

Through the MMA Service Corporation (MMASC), the MMA offers a broad range of quality, competitive-rate insurance and employee benefit programs designed for your company.

Shortly after MMA’s founding in 1902, a group of MMA members formed the Michigan Mutual Insurance Co. to provide businesses with an economical way to fund workers’ compensation insurance. That company grew and developed into the Amerisure Insurance, which offers commercial property and liability insurance in all 50 states.

MetLife has been a leader in insurance, pension and retirement products since 1868. MMA has partnered with MetLife since 1996 to provide life, dental and short- and long-term disability insurance.

MMA has teamed up with Blue Cross Blue Shield of Michigan to offer a variety of health plans including HMO services, point of service health plans, preferred provider plans and traditional plans.

MMA and Freedom One Financial Group provide members with one of the most comprehensive 401(k) plans available, complete with investment management, fiduciary compliance and employee education.

The Association partnered with Spectera, A UnitedHealth Group Company, in early 2003 to provide group vision insurance for members companies.

For more information, please contact MMA Insurance & Benefits at 800-842-6513.

How do MMA’s insurance dividend programs work?

MMA offers a dividend program on its workers’ compensation and commercial package policies through Amerisure. Each year, depending on market conditions and plan experience rates, dividends may be issued to plan participants based on earned premium. Payouts of $800,000 were made in 2001, and total more than $17 million over the past 11 years. Commercial package dividends have averaged 14%, and workers’ compensation 9%, for the 15 years the program has been in effect.

What does MMA do to keep insurance rates down?

The group buying power of nearly 3,000 companies means that members of MMA can take advantage of more competitive insurance programs and rates. MMA, in partnership with its service providers, works to hold rates as low as possible through excellent program management and aggressive loss control initiatives. MMA’s life insurance program rates, for instance, have not increased for the past 14 years.

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Insurance & Benefits

Insurance & Benefits Home

How do MMA’s insurance dividend programs work?

What does MMA do to keep insurance rates down?

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