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

New Section 7 establishes specific assessment rates for three tiers of insurance providers (Medicaid contracted plans, health insurers, and specialty prepaid plans) with different dollar amounts per member month.

New reporting requirements mandate quarterly payment schedules and annual reports to state budget director and legislative committees.

Added federal waiver approval as a trigger for implementation, with specific dates (October 1, 2018, or when CMS approves the waiver) determining when assessments begin.

Enhanced enforcement provisions in Section 17 to include additional requirements for notifying standing committees within 10 days of suspension issuance.

Added conditional effectiveness clause requiring three companion bills (HB 4183, HB 4951, HB 4961) to be enacted before this bill takes effect.

Corrected grammatical errors and inconsistent language throughout the original text, such as 'authorized to may' and 'shall is not be'.

Document header changed from 'As Passed by the House' to 'As Passed by the Senate' with updated date from September 25, 2025 to October 3, 2025

Internal tracking codes changed from H03914'25 (H-1)_HB4968_APH_1 to H03914'25 (H-1)_HB4968_APS_1, indicating House to Senate version transition

Tracking identifiers changed from 'x3o4r8' to 'exausp' in document metadata

Assessment rates for tier 1 Medicaid contracted health plans were modified to include a two-tier structure with variable rates based on federal statistical testing requirements, replacing the previous flat rate structure.

New provisions establish a transition period through 2025, allowing the department to maintain existing tax structures until federal waiver approval changes, with specific deadlines for notification and payment schedules.

Payment schedules were updated from a two-installment initial assessment to quarterly payments, with revised due dates and electronic payment options now required.

New annual reporting requirements mandate submission of revenue collection and administrative cost data to state budget officials within 120 days after May 15 each year.

Enhanced enforcement provisions now require written notice to standing committees within 10 days of suspension issuance and clarify conditions under which suspensions can be lifted.

Several formatting and capitalization corrections were made throughout the document, including standardizing 'THE PEOPLE OF THE STATE OF MICHIGAN ENACT' and fixing section numbering inconsistencies.