Establishes a small business health pool in Michigan to provide health coverage to eligible employers and self-employed individuals.
Michigan SB1011 amends the insurance code to create a small business health pool, a state-regulated multiple employer welfare arrangement. This pool provides health coverage to eligible employers and self-employed individuals through a bona fide sponsoring association. The pool must meet specific criteria, such as having a principal office in Michigan, maintaining a certain number of dues-paying employer members, and adhering to geographic or industry commonality. The pool can be fully insured, level-funded, or self-funded, with specific requirements for reserves and solvency.
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- Overview
- Core Provisions
- Implementation
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- Legal Framework
- Critical Issues
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