The bill amends the existing insurance law in Michigan, specifically focusing on the definitions and regulations surrounding small employer health benefit plans. It introduces new definitions such as "eligible employee," "small employer," and "small employer carrier," which clarify the criteria for businesses and employees that fall under this category. The bill also specifies the conditions under which health coverage becomes effective, including the "affiliation period" and "waiting period," and outlines the parameters for determining premiums and coverage areas.

Additionally, the bill modifies the definition of "small employer" to include businesses with an average of at least one but not more than fifty full-time employees, effective January 1, 2018. This change aims to ensure that more businesses can access health benefit plans while maintaining compliance with state regulations. The enactment of this bill is contingent upon the passage of House Bill No. 4208, indicating a coordinated legislative effort to reform health insurance regulations for small employers in Michigan.

Statutes affected:
House Introduced Bill: 500.3701
As Passed by the House: 500.3701
As Passed by the Senate: 500.3701
House Concurred Bill: 500.3701
House Enrolled Bill: 500.3701