MN SF3936

Extends the Minnesota Premium Security Plan's authority to assess group health carriers annually beyond the originally scheduled one-time 2028 assessment, converting it to a recurring annual assessment based on the previous benefit year's premiums

Removes the limitation restricting assessments to benefit year 2027 only, allowing the board to assess group health carriers in future years when the premium security plan account lacks sufficient funding

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

Requires the association to verify assessment accuracy within two years of each assessment rather than the fixed May 30, 2029 deadline

Updates reporting requirements to track assessments collected under the ongoing assessment authority rather than only for benefit year 2027