HB 6034 Summary

• Subjects health care corporations to insurance code chapters 37A and 37B, with nongroup certificates issued after April 1, 2009 exempted from certain renewal and preexisting condition restrictions.

• Allows individuals enrolled in nongroup or group conversion certificates "A" through "G" and Medicare supplemental certificates as of March 31, 2010 to remain enrolled under community rating system, exempt from certain insurance code provisions.

• Permits dependent children to continue coverage until age 26 under parent's health care corporation certificate if unmarried, without dependents, and not eligible for other group coverage, with premiums capped at 102% of prior dependent coverage rate.

• Shortens rate filing deadlines and review periods: requires filing 60 days before effective date (reduced from 120 days), commissioner must act within 30 days (reduced from 60 days), and hearing requests must be submitted within 30 days (reduced from 60 days).

• Allows MI-Health board to waive specified insurance code sections for standard and enhanced guaranteed issue health plans, and establishes cost transfer limits of 1% of earned subscription income for senior citizen subsidies.