HF 4651 Summary

• Appropriates $108,000 for fiscal year 2022 and $1,326,000 for fiscal year 2023 to the Department of Commerce for insurance division staff, enforcement division staff, fraud prevention programs, and a feasibility study on free primary care.

• Transfers $65,882,000 from the premium security plan account to the health care access fund by June 30, 2025, and establishes recurring transfers of $2,100,000 to MNsure starting in fiscal year 2023 through 2028 for revenue loss related to the Minnesota premium security plan.

• Modifies financial institution assessment fees by consolidating the list of regulated entities and redirecting license fees from the general fund to the financial institutions account under section 46.131, subdivision 11.

• Expands the Commerce Fraud Bureau's jurisdiction from insurance fraud only to include investment fraud and allows it to respond to requests from other law enforcement agencies for cooperation on matters within its primary jurisdiction.

• Establishes new member assessment provisions for the Minnesota premium security plan beginning in plan year 2023, allowing the Minnesota Comprehensive Health Association to annually assess health insurance carriers for their share of state funding and interim assessments as needed.