HB 4968
Insurance: other; reporting requirements; provide for. Amends secs. 7, 11 & 17 of 2018 PA 175 (MCL 550.1757 et seq.). TIE BAR WITH: HB 4183'25, HB 4951'25, HB 4961'25
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill adjusts how Michigan insurance providers are assessed annually. It establishes a tiered system based on the number of member months covered by federal Medicaid and Medicare funds, with different rates applied to different types of plans. The assessment aims to generate revenue based on statistical test results approved by the federal Centers for Medicare and Medicaid Services, and it includes specific timelines for notifications, payments, and reporting requirements. The bill is tied to the enactment of other related bills.
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