MN SF2583

Amends Minnesota Statutes section 60A.235, subdivision 3, to modify when stop loss coverage must be issued as a health plan.

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

Eliminates separate aggregate attachment point rules for groups of 50 or fewer and groups of 51 or more; consolidates requirement that aggregate attachment point be lower than 110 percent of expected claims.

Adds a new criterion requiring coverage underwritten using individual health applications to be issued as a health plan.

Removes the Commissioner's authority to adjust dollar amounts annually based on the Consumer Price Index; effective August 1, 2014, for coverage offered, sold, issued, or renewed on or after that date.