MI HB6538

Extends the maximum duration of short-term, limited-duration health insurance policies from 6 months to 12 months, with policies permitted to cover up to 365 days of coverage in any 365-day period.

Allows short-term policies to be renewable, permitting insurers to offer 1 or more subsequent periods of coverage as long as total coverage does not exceed 365 days in any 365-day period.

Changes short-term policy requirement from "nonrenewable" to allowing optional coverage of preexisting conditions, rather than prohibiting such coverage.

Requires effective date for short-term policies within 15 days of receiving a completed application (instead of immediate), and mandates inclusion of Michigan health insurance consumer assistance program contact information on coverage documents.

Establishes an annual reporting requirement for insurers offering short-term policies and caps the percentage of short-term policy premiums at no more than 10% of an insurer's total individual health insurance premiums written in the state.