Bill Text: MI HB5825 | 2023-2024 | 102nd Legislature | Introduced
Bill Title: Insurance: health insurers; issuing rebates to an insured if the insured does not meet medical loss ratio; require. Amends 1956 PA 218 (MCL 500.100 - 500.8302) by adding sec. 3406jj.
Spectrum: Moderate Partisan Bill (Democrat 22-3)
Status: (Introduced) 2024-06-20 - Bill Electronically Reproduced 06/20/2024 [HB5825 Detail]
Download: Michigan-2023-HB5825-Introduced.html
HOUSE BILL NO. 5825
A bill to amend 1956 PA 218, entitled
"The insurance code of 1956,"
(MCL 500.100 to 500.8302) by adding section 3406jj.
the people of the state of michigan enact:
Sec. 3406jj. An insurer that delivers, issues for delivery, or renews in this state a health insurance policy shall issue rebates to its insured if the insurer does not meet the medical loss ratio as required by the patient protection and affordable care act, Public Law 111-148, as amended by the health care and education reconciliation act of 2010, Public Law 111-152.
