Small Employer Health Carrier Reinsurance Program

HB 1079 removes the Small Employer Health Carrier Reinsurance Program from Florida law. This program helped small employers by enabling health insurers to share the cost of high medical claims with the state, keeping insurance premiums lower. The bill deletes the program's creation, governance structure, and operational rules from state statutes. As a result, small employers and insurers that relied on this cost-sharing mechanism would lose this specific benefit. The bill does not establish a replacement program.