Bill > HF1693

This bill authorizes the Minnesota Premium Security Plan as a state-based reinsurance program administered by the Minnesota Comprehensive Health Association. The plan is designed to stabilize or reduce premium rates, increase participation, and mitigate the impact of high-risk individuals in the individual health insurance market. The bill sets parameters for the plan, including an attachment point, coinsurance rate, and reinsurance cap, and allows the association to apply for federal funding. The association must collect data from eligible health carriers, provide reinsurance payments, and report on the plan's operations. The premium security plan account is created in the state treasury to fund the plan's operations.

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https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF1693&ssn=0&y=2017