Advocates say legislation pending in Lansing would make it easier for health plans to craft new products that incorporate wellness incentives into policies to encourage people to take better care of their health.
Specifically allowing incentives for so-called “healthy lifestyle” benefits is the major change proposed in a three-bill package working its way through the Legislature to update the portion of Michigan’s insurance code that covers health benefits. The present version of the law dates back to the early 1970s.
The change would give health plans greater flexibility in crafting new products and ease the regulatory process for bringing them to market, backers say.
The House Insurance Committee passed the bills Oct. 29 on a unanimous 17-0 vote. The legislation modernizes the code by clarifying language, assuring state regulations confirm with the federal Affordable Care Act, and streamlining the regulatory review process for health plans.