The bill amends the Florida Health Choices Program, renaming it the Florida Employee Health Choices Program, with the goal of improving access to affordable health insurance for both employers and employees. Key changes include the introduction of individual coverage health reimbursement arrangements, which enable employers to provide health care dollars directly to employees, allowing them to select their own health plans. The bill also revises legislative intent, definitions, and eligibility requirements for vendors, while streamlining the insurance marketplace process. Notably, it deletes certain pricing transparency requirements and the option for risk pooling, as well as exemptions from specific Florida Insurance Code requirements.

Furthermore, the bill establishes the Florida Employee Health Choices, Inc. as the administering corporation for the program, detailing its purpose and components, such as employer enrollment and vendor recruitment. It emphasizes individual choice in health care purchases and aims to foster a competitive marketplace that encourages product innovation and quality improvement. The bill also includes provisions for a secure website for consumer information, public record exemptions to protect personal and proprietary information, and mandates an annual report to state leadership starting in the 2026-2027 fiscal year. The program is set to take effect on July 1, 2025.

Statutes affected:
S 1034 Filed: 408.910, 409.821