Bill > HF2071

This bill modifies the insurance premium tax structure for health insurers by introducing a new term "health plan company" that broadly encompasses various types of health insurance providers, including county-based purchasing plans, integrated health partnerships, and group health plan sponsors. The legislation replaces previous specific definitions for health maintenance organizations, nonprofit health service corporations, and community integrated service networks with this new, more comprehensive term. The bill changes the tax rate to one percent of gross premiums received in Minnesota and maintains that these tax revenues will be deposited into the health care access fund. Additionally, the bill updates provisions related to guaranty association assessment offsets, allowing insurance companies and health plan companies to offset their premium tax liability with amounts paid for certain assessments. The changes will take effect for premiums received after December 31, 2025, and the bill repeals previous subdivisions that defined specific types of health insurance organizations. By consolidating and updating these definitions, the bill appears to streamline the taxation process for health insurance providers while maintaining the existing framework of premium taxation and guaranty association assessment mechanisms.

Business and Industry

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2071&ssn=0&y=2025