Bill > SF1024

This bill establishes a new premium subsidy program administered by MNsure beginning January 1, 2026, designed to help certain Minnesota residents afford individual health insurance. The program will provide a 20% premium subsidy to eligible individuals who are not currently receiving federal premium tax credits and are not enrolled in public health programs. Specifically, eligible individuals will receive a subsidy that reduces their monthly health insurance premium, with health carriers receiving direct payments from MNsure to offset these subsidies. The bill also sunsets the existing Minnesota premium security plan (a reinsurance program) on August 16, 2026, by repealing several related statutes and removing references to the previous program. The premium subsidy will be calculated as 20% of the gross monthly premium for individual health plans, and importantly, this subsidy will not be counted when determining eligibility for other human services programs. The bill includes provisions for how health carriers can request reimbursement, with the board of MNsure responsible for making payments and managing the program's administrative details. An appropriation will be made from the general fund to support the premium subsidy program, with any unexpended funds carried forward to the next fiscal year.

Business and Industry, Health and Social Services, Justice

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1024&ssn=0&y=2025