MN HF2721

Establishes base wage component values using Minnesota-specific median wages from Bureau of Labor Statistics SOC codes as of January 1, 2021, with different calculations for personal care assistance services, enhanced rate services, and qualified professional services.

Requires biennial updates to base wage component values beginning January 1, 2025, using the most recently available wage data from the Bureau of Labor Statistics.

Sets initial competitive workforce factor at 4.7 percent for personal care and CFSS services, and zero percent for qualified professional services, with biennial updates beginning August 1, 2024.

Establishes eight component value factors including employee vacation/sick/training (8.71%), employer taxes/workers' compensation (11.56%), employee benefits (12.04%), and other operational costs totaling specific percentages.

Increases implementation components from 75.45 percent to 100 percent beginning January 1, 2026, by adding two percentage points every two years, and updates the client programming factor biennially for Consumer Price Index changes.