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MN HF3411
Bill
Status
2/14/2022
Primary Sponsor
Anne Neu Brindley
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AI Summary
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Extends the Minnesota premium security plan administration through the 2023 benefit year, contingent on federal approval of a state innovation waiver under 42 U.S.C. § 18052
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Sets payment parameters for benefit year 2023 at an attachment point of $50,000, coinsurance rate of 80 percent, and reinsurance cap of $250,000
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Requires the commissioner of commerce to apply for waiver continuation by February 28, 2022, with the application stating that plan operation after 2022 depends on waiver approval
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Changes the deadline for transferring unused state funds from the premium security plan account from June 30, 2024 to June 30, 2025, with transferred amounts deposited in the health care access fund
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Funds the plan using federal funding first, followed by designated state funds from article 1 sections 12 and 13, the health care access fund, and the general fund in that order
Legislative Description
Minnesota premium security plan continuation provided for benefit year 2023 upon federal approval, and commissioner of commerce required to submit a request for a continuation of federal waiver.
Last Action
Introduction and first reading, referred to Commerce Finance and Policy
2/14/2022