MN SF55

Requires Commissioner of Management and Budget to verify Minnesota residency for health care premium assistance applicants using Department of Employment and Economic Development and Department of Revenue data.

Makes individual health plan and small employer plan rate filing data publicly accessible within 10 days of submission, with compiled rate changes separated by health plan and geographic rating area.

Establishes Minnesota premium security plan as a state-based reinsurance program administered by Minnesota Comprehensive Health Association with attachment point of $70,000, reinsurance cap of $250,000, and 50 percent coinsurance rate for plan year 2018.

Requires Commissioner of Revenue to review data from multiple state agencies and 2016 tax returns to identify ineligible premium assistance recipients or overpayments, with recovery through tax collection procedures.

Directs Commissioner of Commerce to apply for federal waiver under Affordable Care Act section 1332 by July 5, 2017, to maximize federal funding while ensuring advance premium tax credits and MinnesotaCare funding are unaffected by reinsurance program.