Bill > HF2588

This bill requires health care sharing arrangements (HCSAs), which are organizations that help members pay for health care costs but are not traditional health insurance carriers, to submit detailed annual reports to the Minnesota Department of Commerce. Starting October 1, 2025, and annually thereafter, these arrangements must provide comprehensive information about their operations, including the number of participants (both in and outside Minnesota), total fees collected, administrative costs, health care cost reimbursements, denied claims, covered benefits, exclusions, eligibility requirements, and organizational details. The reports must be certified by an officer of the arrangement and cover the previous calendar year. By December 1, 2025, and annually thereafter, the Department of Commerce must publish a summary of these reports and provide information on how consumers can file complaints about health care sharing arrangements. The bill aims to increase transparency and provide consumers with more information about these alternative health care cost-sharing programs, which operate differently from traditional health insurance.

Business and Industry

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2588&ssn=0&y=2025