Michigan SB0973 establishes a state-based health insurance exchange to facilitate the purchase and sale of qualified health plans.

Michigan SB0973 creates the Michigan Health Insurance Exchange Act, establishing a state-based exchange to serve as a marketplace for qualified health plans. The exchange will be governed by a board of 12 members appointed by the governor, with specific representation from insurers, carriers, and consumer advocates. The exchange will offer qualified health plans and dental plans, provide enrollment assistance, and ensure compliance with federal and state laws. It will also establish a Small Business Health Options Program (SHOP) for small employers.

Michigan SB0973 establishes a state-based health insurance exchange to facilitate the purchase and sale of qualified health plans.

Michigan SB0973 creates the Michigan Health Insurance Exchange Act, establishing a state-based exchange to serve as a marketplace for qualified health plans. The exchange will be governed by a board of 12 members appointed by the governor, with specific representation from insurers, carriers, and consumer advocates. The exchange will offer qualified health plans and dental plans, provide enrollment assistance, and ensure compliance with federal and state laws. It will also establish a Small Business Health Options Program (SHOP) for small employers.