MN HF2990

Increases minimum basic economic loss benefits from $40,000 to $94,300 per person, with medical expense coverage rising from $20,000 to $62,900 and other benefits (income loss, replacement services, funeral expenses) from $20,000 to $31,400

Raises weekly benefit maximums: disability/income loss from $500 to $600, replacement services from $200 to $300, survivors economic loss from $500 to $600, and survivors replacement services from $200 to $600

Increases minimum residual liability insurance limits from $30,000/$60,000/$10,000 to $78,600/$157,200/$31,400, and uninsured/underinsured motorist coverage minimums from $25,000/$50,000 to $78,600/$157,200

Establishes automatic inflation adjustment mechanism using the Consumer Price Index (CPI-U), with dollar amounts updated every odd-numbered year effective January 1, using July 2001 as the reference base index

Removes the $4,000 medical expense threshold for recovering noneconomic damages, allowing recovery based solely on permanent disfigurement, permanent injury, death, or disability lasting 60+ days; effective August 1, 2020