MN SF3887

Expands self-insurance authority for employee health benefits (including long-term disability) to watershed districts, watershed management organizations, and towns, which were previously excluded from Minnesota Statute 471.617

Requires entities with more than 100 employees to self-insure individually, or allows two or more entities to jointly self-insure if they collectively have more than 100 employees

Self-insurance plans must be certified by the Department of Commerce and provide all benefits required by law for group health insurance policies

Requires 10 days' written notice and agreement from the exclusive representative (union) representing the largest number of employees before adopting a self-insured health benefit plan

Mandates 30 days' written notice to exclusive representatives and benefit recipients before dissolving any self-insurance fund, with remaining assets dedicated to health insurance benefits for current recipients