Bill > SF2352

This bill modifies the tax provisions for health insurers by introducing a new term "health plan company" which encompasses various types of health plans, including county-based purchasing plans, integrated health partnerships, and group health plan sponsors. The bill changes the existing tax rate from one percent to an unspecified percentage of gross premiums for these health plan companies, and updates several statutory definitions and references. Specifically, it removes separate definitions for community integrated service networks, health maintenance organizations, and nonprofit health service plan corporations, replacing them with the broader "health plan company" category. The bill also maintains provisions for offsetting premium tax liability with guaranty association assessments, allowing companies to carry forward excess credits to subsequent tax years. An important procedural note is that these changes will be effective for premiums received after December 31, 2025, giving healthcare organizations time to adapt to the new tax framework. The modifications appear aimed at simplifying and potentially modernizing the tax treatment of health insurance providers in Minnesota by creating a more unified regulatory approach.

Health and Social Services

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF2352&ssn=0&y=2025