MN HF2216

Allows the Minnesota Comprehensive Health Association to use rates for individual insurance plans that are reasonably anticipated to be in force in the future, even if they are not currently in force or have no current enrollment, effective January 1, 2014 and thereafter.

Changes premium rate-setting timeline from July 1 annually to January 1 annually beginning in 2014, with rates trended to the midpoint of the period for which rates will apply rather than to July 1.

Permits a one-time 18-month rate period from July 1, 2012 through December 31, 2013 as a transition to the new January 1 effective date.

Modifies Medicare supplement plan premium calculations to use rate increases approved for the three insurers or health maintenance organizations with the most enrollees, rather than requiring a fixed 101-125 percent range of all weighted average rates.

Changes approval criteria language from "existing" to "projected to exist" circumstances in the private marketplace, allowing use of accepted actuarial principles to forecast future market conditions during the rate-setting process.