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Bill > HF757


MN HF757

MN HF757
Disclosure required of whether money from a patient assistance program is applied to a health plan deductible.


summary

Introduced
02/13/2025
In Committee
02/13/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to insurance; requiring disclosure of whether money from a patient assistance program is applied to a health plan deductible; proposing coding for new law in Minnesota Statutes, chapter 62Q.

AI Summary

This bill requires health plan companies in Minnesota to clearly disclose in their summary of benefits and coverage whether funds from a patient assistance program (PAP) are applied toward an enrollee's health plan deductible. A patient assistance program typically helps patients afford expensive medications or treatments by providing financial support. The bill mandates that this disclosure must be made in a clear, straightforward manner, giving patients transparency about how external financial assistance might impact their out-of-pocket healthcare costs. The new requirement will take effect on January 1, 2026, and will apply to all health plans offered, issued, or renewed on or after that date. By requiring this disclosure, the bill aims to help patients better understand how their insurance plans handle financial assistance from third-party programs, potentially making healthcare costs more predictable and transparent for consumers.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Introduction and first reading, referred to Commerce Finance and Policy (on 02/13/2025)

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