Bill > SF3936

This bill extends the authority for assessing group health carriers for the Minnesota premium security plan, which is a program designed to stabilize or reduce premium rates in the individual health insurance market by mitigating the impact of high-cost individuals. Specifically, it changes the assessment period from a one-time assessment in 2028 to an annual assessment for group health carriers based on their premiums from the previous benefit year, and it requires the Commissioner of Commerce to apply for a continuation of a federal waiver that allows Minnesota to implement this plan and potentially receive federal funding. The bill also adjusts the timelines for assessment notifications, payments, and deferral requests, and clarifies that the Commissioner can deny deferral requests if the carrier is not in a financially impaired condition, while also ensuring that carriers receiving deferrals cannot receive reinsurance payments until the deferred assessment is paid. Furthermore, it removes a specific reference to benefit year 2027 in relation to the assessment and payment parameters, making the provisions applicable more broadly.

Budget and Finance, Business and Industry

https://www.revisor.mn.gov/bills/94/2026/0/SF/3936/