TROY, Mich. – As HAP (Health Alliance Plan) celebrates its 65th anniversary, the organization remains committed to serving Michigan families and communities well into the future.
Founded in 1960, HAP focuses on putting members first and serving the broader Michigan communities.
2024 Financial Highlights Reflect Strength and Sustainable Growth
HAP’s audited 2024 results reflect the success of an enterprise-wide growth model launched in June 2023. Focusing on three strategic pillars—people, process and partnerships— the audited results showed net income of $32.4 million, including operating income of $6.7 million. That marks a turnaround from 2023, when the company reported a net loss of $17.9 million and an operating loss of $46.8 million.
Comprehensive Product Portfolio for Michigan’s Diverse Communities
In its 65th year, HAP continues to expand both choice and quality, offering a full suite of health insurance products designed for individuals, families, businesses and seniors:
- Employer groups: Tailored solutions for businesses of all sizes, including wellness programs, care coordination and value-based contracting.
- Individual and family plans: Affordable on and off marketplace options with broad provider networks and robust benefits.
- Self-funded administrative services: Third-party administration for self-insured employers, supported by pharmacy benefits expertise, utilization management and care navigation.
- Medicare and Medicaid: A broad portfolio of government products including Medicare Advantage plans, Medicare Supplement plans and Medicaid offerings with a strong focus on access to high quality, affordable care and delivering consistent, high quality care outcomes.
For 65 years, HAP has called Michigan home. The organization is proud of its legacy, grateful for its members and committed to improving health across the state for decades to come.