SF3392 Summary

• Reduces MNsure's premium withhold percentage from 3.5% to 2% beginning January 1, 2019, with a maximum cap of 25% of 2012 baseline funds collected under section 62E.11, subdivision 6.

• Extends through December 31, 2018 the current 3.5% premium withhold cap at 100% of 2012 baseline funds, then implements the reduced 2% withhold for 2019 and beyond.

• Prohibits the commissioner of human services from bearing insurance risk or entering into agreements with providers to pay claims for any health coverage administered by the commissioner and made available through the MNsure website.

• Requires the commissioner of commerce to develop a proposal allowing individuals to purchase qualified health plans directly from health plan companies outside MNsure while receiving federal tax credits and cost-sharing reductions, with federal waivers and approvals to be submitted no later than October 1, 2018.

• Mandates health carriers account for the reduction in premium withhold percentage when setting rates for individual market health and dental plans for 2019.