HB 5316 Summary

• Extends the maximum duration of short-term, limited duration health insurance policies from 6 months to 12 months.

• Allows short-term policies to be renewable, provided total coverage does not exceed 365 days in any 365-day period (previously non-renewable).

• Permits short-term policies to optionally exclude preexisting conditions rather than requiring exclusion.

• Requires short-term policies to include emergency care, hospital, physician, laboratory, and X-ray services, with prominent plan description on applications and coverage documents.

• Mandates a 10-day free look period for full refund and requires insurers to provide Michigan health insurance consumer assistance program contact information on coverage documents.

• Caps short-term and limited duration policy premiums at 10% of total individual health insurance premiums written by an insurer in Michigan annually.