MI HB5668

Allows applicants and named insureds to elect to opt out of Personal Protection Insurance (PIP) benefits if they and their household members have qualified health coverage or alternative PIP coverage from another insurer.

Requires insurers to provide a standardized form disclosing coverage options, benefits and risks of declining PIP coverage, available coverage levels, and consequences if qualified health coverage terminates.

Specifies that an opt-out election remains in effect while the insured continues with the same insurer or its affiliates unless the insured revokes the election in writing.

Requires persons who lose qualified health coverage to obtain PIP coverage within 30 days; if they fail to do so and suffer motor vehicle injuries, they are excluded from PIP benefits but may claim through the assigned claims plan.

Defines "qualified health coverage" as health or accident coverage with a $6,000 or less annual deductible that does not exclude motor vehicle injuries, or Medicare Parts A and B coverage.