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.

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.