Loading chat...

MN SF761

Bill

Status

Engrossed

3/11/2019

Primary Sponsor

Gary Dahms

Click for details

Origin

Senate

91st Legislature 2019-2020

AI Summary

  • Extends the Minnesota Comprehensive Health Association's administration of the Minnesota premium security plan through the 2022 benefit year

  • Requires the association to submit quarterly reports on plan operations and annual reports to the commissioner, legislative committees, and the public by November 1 of the year following each benefit year or 60 days after final reinsurance payments, whichever is later

  • Specifies that annual reports must include reinsurance parameters, metal levels affected, number of claim payments by product and carrier, estimated reinsurance payments, appropriated funds and revenue sources, total reinsurance payments to each carrier, and administrative expenses as a dollar amount and percentage of operational budget

  • Extends the deadline for transferring remaining state funds from the premium security plan account from June 30, 2021 to June 30, 2024

  • Maintains spending caps of $271,000,000 per year for benefit years 2018 and 2019 on operational, administrative, and reinsurance costs

Legislative Description

Minnesota premium security plan funding operation extension; reporting specifications

Last Action

Motion did not prevail

3/20/2019

Committee Referrals

Health and Human Services Finance3/12/2019
Ways and Means3/11/2019
Finance3/4/2019
Health and Human Services Finance and Policy2/18/2019
Finance2/14/2019
Commerce and Consumer Protection Finance and Policy2/4/2019

Full Bill Text

No bill text available