Bill > HF2506

This bill establishes a new premium subsidy program administered by MNsure to help eligible individuals in Minnesota's individual health insurance market pay for coverage, beginning January 1, 2026. The program will provide a 20 percent premium subsidy to individuals who meet specific criteria, such as not receiving federal premium tax credits and not enrolled in public health programs. The subsidy will be paid directly to health carriers on behalf of eligible individuals, reducing their monthly premium costs. The bill also sunsets the existing Minnesota premium security plan (a reinsurance program) on August 16, 2026, effectively replacing it with this new premium assistance program. Health carriers will be required to apply the subsidy to each eligible individual's monthly gross premium, creating a lower net premium for the individual. The program is designed to help make individual health insurance more affordable for Minnesotans who do not qualify for other assistance programs, with specific provisions to protect individual privacy and ensure proper data sharing between government entities and health carriers. An unspecified amount of money will be appropriated from the general fund to MNsure to support the implementation of this premium subsidy program.

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https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2506&ssn=0&y=2025