FL S0440

Renames the "Florida Health Choices Program" to the "Florida Employee Health Choices Program" and refocuses it specifically on employees enrolled in individual coverage health reimbursement arrangements (ICHRAs), which allow employers to provide health care contributions directly to employees to choose their own health plans

Reduces the board of directors from 15 members to 8 members, with 3 appointed by the Governor, 2 by the Senate President, 2 by the House Speaker, and the Secretary of Management Services as an ex officio nonvoting member

Narrows eligible products from a broad range (including prepaid services, service contracts, flexible spending accounts, and limited benefit plans) to only individual health insurance policies and health maintenance contracts

Requires the Department of Management Services to facilitate corporation formation and provide administrative support until January 1, 2029, when the corporation must be self-sustaining; the platform must be operational for open enrollment by January 1, 2028

Removes previous provisions allowing risk pooling, exemptions from Florida Insurance Code requirements, and participation by prepaid limited health service organizations, discount plan organizations, prepaid health clinics, and various health care providers