HF2901 Summary

• Establishes "Health Insurance Choice Act" allowing health insurers to sell foreign health plans to Minnesota residents if they comply with state laws, have commissioner approval, and participate in the Minnesota Life and Health Insurance Guaranty Association.

• Creates flexible benefits plans permitting health plan companies to modify or exclude mandated health benefits (except maternity and federal requirements) if approved by the commissioner and purchasers receive written notice of modifications.

• Implements primary care provider tiering system differentiating providers based on cost-effectiveness and quality, with annual tier assignments using peer grouping measures and rate adjustments on a cost-neutral basis.

• Establishes MinnesotaCare modern benefit plan for adults with family gross income exceeding 133 percent of federal poverty guidelines, including $1,200 annual deductible, $700 state HSA contribution per year, and $19 monthly premium discount.

• Grants commissioner rulemaking authority to establish fair marketing standards for foreign health insurers and requires disclosure of plan differences using 14-point bold type comparing benefits, underwriting standards, and renewal terms.