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MN HF3797
Bill
Status
2/26/2026
Primary Sponsor
Peter Fischer
Click for details
AI Summary
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Expands the definition of "partnership policy" under the Minnesota Partnership for Long-Term Care program to include long-term care insurance policies sold prior to July 1, 2015, that have inflation protection between 1% and 3%
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Amends Minnesota Statutes section 256B.0571, subdivision 6, which governs which insurance policies qualify for asset protection under Medical Assistance
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Current law requires partnership policies to be issued or exchanged on or after July 1, 2006, and meet specific criteria under sections 62S.23 and 62S.312
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Effective date is January 1, 2027, or upon federal approval, whichever is later
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Commissioner of Human Services must notify the revisor of statutes when federal approval is obtained
Legislative Description
Definition of partnership policy expanded for purposes of the Minnesota partnership for long-term care program.
Last Action
Committee report, to adopt and re-refer to Commerce Finance and Policy
3/12/2026