MN HF3388

Extends the Minnesota Premium Security Plan's annual assessment on group health carriers beyond the previously scheduled one-time 2028 assessment, making it an ongoing yearly assessment based on the previous benefit year's premiums

Removes the limitation that assessments only apply to benefit year 2027, allowing the board to assess group health carriers whenever the premium security plan account lacks sufficient funding

Maintains existing payment parameters for benefit years 2023-2027, including a $50,000 attachment point, 80% coinsurance rate, and $250,000 reinsurance cap

Requires assessment accuracy to be determined within two years of each assessment, rather than by the fixed date of May 30, 2029

Updates reporting and accounting requirements to include assessments collected under the ongoing assessment authority, not just for benefit year 2027