summary
Introduced
02/17/2026
02/17/2026
In Committee
02/17/2026
02/17/2026
Crossed Over
Passed
Dead
Introduced Session
94th Legislature 2025-2026
Bill Summary
A bill for an act relating to health insurance; extending reinsurance assessment authority; amending Minnesota Statutes 2025 Supplement, sections 62E.23, subdivisions 1a, 2, 3; 62E.24, subdivisions 1, 2.
AI Summary
This bill extends the authority for assessing group health carriers for the Minnesota premium security plan, a program designed to stabilize individual health insurance markets by mitigating the financial impact of high-cost individuals. Specifically, it changes the assessment process from a one-time event for benefit year 2027 to an annual occurrence, requiring group health carriers to pay assessments each year based on their previous year's premiums. The bill also adjusts the timelines for estimating, notifying, and collecting these assessments, and allows for deferrals under certain financial hardship conditions. Additionally, it removes references to the specific benefit year 2027 in various sections related to payment parameters, accounting, and reporting, making these provisions applicable on an ongoing basis.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
House Commerce Finance and Policy (08:15:00 3/26/2026 ) (on 03/26/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/94/2026/0/HF/3388/ |
| BillText | https://www.revisor.mn.gov/bills/94/2026/0/HF/3388/versions/0/pdf/ |
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