MI HB5623

Prohibits health insurers and health maintenance organizations from including a health care service as a covered benefit if the copayment or coinsurance required from the insured or enrollee exceeds 50% of the cost of that service.

Applies to expense-incurred hospital, medical, or surgical policies; individual or group contracts delivered, issued for delivery, or renewed in Michigan.

Requires the insurance director to investigate and issue rulings on all complaints arising under this section.

Takes effect 90 days after enactment for new policies and contracts entered after the law's effective date; applies to existing policies upon their next renewal, extension, or modification.