House Bill 1079 proposes significant amendments to the Florida Statutes concerning small employer health insurance, particularly focusing on the reinsurance program. The bill eliminates the Florida Small Employer Carrier Reinsurance Program, removing associated definitions and provisions, including terms like "Board" and "Program." It revises the purpose of the Employee Health Care Access Act to emphasize promoting health insurance coverage for small employers without establishing a reinsurance program. Additionally, the bill modifies the assessment structure for carriers, detailing a two-tier assessment system based on earned premiums and allowing for interim assessments to maintain financial stability.

Moreover, the bill updates requirements for health insurance identification cards, ensuring they include essential information such as the issuing organization and contract holder's details. It clarifies definitions related to individual health reinsurance and establishes a separate account for eligible individuals under this section, detailing the assessment process for recouping net losses. The act aims to streamline regulations and improve operational efficiency for small employer health insurance in Florida, with an effective date set for July 1, 2026.

Statutes affected:
H 1079 Filed: 627.642, 627.6475, 627.657, 627.66997