MN HF3056

Amends Minnesota Statutes 2012, section 60A.235, subdivision 3, regarding stop loss coverage classification as health plans.

Changes the individual attachment point threshold from lower than $20,000 to less than the greater of $6,500 or twice the individual maximum out-of-pocket expense in the plan.

Eliminates separate rules for groups of 50 or fewer versus 51 or more, replacing them with a single aggregate attachment point requirement of lower than 110 percent of expected claims.

Adds a new provision that policies underwritten using individual health applications must be classified as health plans.

Removes the commissioner's authority to adjust dollar amounts based on the Consumer Price Index and establishes an effective date of August 1, 2014, for coverage offered, sold, issued, or renewed on or after that date.