The bill amends the Michigan Insurance Code of 1956, specifically section 3701, to update definitions and clarify terms related to health benefit plans for small employers. Key insertions include a more precise definition of "small employer," which is now defined as a person actively engaged in business that employs between 2 and 50 eligible employees, with specific criteria for determining full-time employees. The bill also clarifies the term "carrier" to include various types of health insurance providers and updates the definition of "health benefit plan" to exclude certain types of coverage while including those described as excepted benefits under federal law.

Additionally, the bill makes several technical corrections, such as updating references to the Internal Revenue Code and the Social Security Act. It removes outdated language and ensures that the definitions align with current practices and regulations. The enactment of this bill is contingent upon the passage of related legislation, indicating a coordinated 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