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MI HB5625
Bill
Status
5/3/2016
Primary Sponsor
Henry Yanez
Click for details
AI Summary
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Prohibits third party administrators from entering into service contracts for benefit plans that include health care services with copayments or coinsurance exceeding 50% of the health care service cost for covered individuals.
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Assigns the Director of the Department of Insurance and Financial Services to investigate and issue rulings on all complaints arising under this provision.
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Applies to all service contracts entered into after the bill's enactment date.
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For existing service contracts, the prohibition applies upon the next extension, renewal, or modification of the contract.
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Takes effect 90 days after enactment into law.
Legislative Description
Insurance; third party administrators; service contract; prohibit copayment or coinsurance requirements to exceed certain amount. Amends 1984 PA 218 (MCL 550.901 - 550.960) by adding sec. 33.
Insurance: third party administrators
Last Action
Bill Electronically Reproduced 05/03/2016
5/4/2016