MN HF3633

MNsure shall establish procedures to determine eligibility for Minnesota advance premium tax credits and transmit enrollment information to the commissioner of revenue, with provisions for changes in income, household size, employment coverage, or residency status

Health carriers receiving advance premium tax credit payments from the commissioner of revenue must reduce the enrollee's monthly premium by the credit amount and disclose the reduction on each billing statement

MNsure shall establish state-based cost sharing subsidies for individuals with household income between 200-500 percent of federal poverty guidelines enrolled in silver-level plans, reducing out-of-pocket costs so the health plan covers 87 percent of total allowed costs

Creates Minnesota advance premium tax credit equal to the difference between federal premium assistance credit and Minnesota premium assistance credit amount, with income limits of 200-800 percent of poverty line and advance payments made directly to health carriers

Credit is refundable if it exceeds tax liability, with reconciliation of advance payments against actual credit amounts, and an appropriation from the general fund to cover advance payments and refunds for taxable years beginning after December 31, 2022