MN SF1910

Permits the Minnesota Comprehensive Health Association to use rates for individual insurance plans filed with the Department of Commerce but not yet in force, effective January 1, 2014 and thereafter, based on generally accepted actuarial principles.

Changes the premium rate-setting period from July 1 annually to January 1 annually beginning in 2014, while allowing an 18-month rate period from July 1, 2012 through December 31, 2013 as a transition.

Modifies Medicare supplement plan premium calculations to use rate increases approved for the three largest insurers or health maintenance organizations rather than the previous 101-125 percent range formula.

Allows the association to trend premium rates to the midpoint of the rate period rather than specifically to July 1, to better reflect economic and inflationary changes during the applicable period.

Permits the association to cease offering number one and number two qualified plans on or after January 1, 2013, subject to commissioner approval.