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MN HF4270
Bill
Status
3/28/2018
Primary Sponsor
Bob Loonan
Click for details
AI Summary
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Health carriers must provide a minimum five percent premium discount for each insured adult who has executed a living will complying with section 145B.03 or a health care directive complying with section 145C.03.
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The discount applies to all coverages for all policy periods beginning within one year following execution of the living will or health care directive.
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Eligible insured adults must file an annual affidavit with their health carrier within 30 days of their policy anniversary date to verify execution of the living will or health care directive.
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The commissioner of commerce must approve the discount as part of the health carrier's rate filing.
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Definitions include all health carriers delivering, issuing, or offering health care policies or certificates in Minnesota or to Minnesota residents.
Legislative Description
Health care policy rates regulated, and living will or health care directive discount required.
Last Action
Introduction and first reading, referred to Commerce and Regulatory Reform
3/28/2018