Bill > HF400

This bill amends Minnesota's health insurance statutes to require the commissioner of commerce to financially compensate health plan companies when new mandated health benefits result in increased per-member, per-month costs. Specifically, if an evaluation of a proposed health benefit mandate predicts a net increase in costs for non-public insured populations and that proposal becomes law, the commissioner must make payments to health plan companies to offset the additional expenses in individual, small group, and large group insurance markets. The bill stipulates that the commissioner must make these payments within 60 days of receiving a statement from the health plan company and must follow existing federal cost defraying processes. The new provision will take effect on January 1, 2026, and will apply to all mandated health benefit proposals passed into law after that date. The bill modifies existing funding provisions for health benefit evaluations and adds a new mechanism to help health insurance companies manage the financial impact of mandated benefits.

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https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF0400&ssn=0&y=2025