The bill amends section 627.4463 of the Florida Statutes to authorize the Florida Health Insurance Exchange to charge assessments and user fees to health carriers, thereby generating necessary funding to support its operations. The new provisions require the exchange to publish financial information, including the average costs of licensing, regulatory fees, and administrative expenses, on its website. This transparency aims to educate consumers about these costs and includes details on financial losses due to waste, fraud, and abuse.

Additionally, the bill stipulates that the commissioner and the office must contract with a vendor, selected through competitive procurement, to build and manage the exchange. The act is set to take effect on July 1, 2026, contingent upon the adoption of HB 1531 or similar legislation in the same legislative session.