HF 3411

as introduced - 92nd Legislature (2021 - 2022) Posted on 02/14/2022 01:58pm

A bill for an act
relating to insurance; providing for continuation of the Minnesota premium security
plan for benefit year 2023 upon federal approval; requiring the commissioner of
commerce to submit a request for a continuation of the federal waiver; amending
Laws 2017, chapter 13, article 1, section 15, as amended.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Laws 2017, chapter 13, article 1, section 15, as amended by Laws 2017, First
Special Session chapter 6, article 5, section 10, Laws 2019, First Special Session chapter
9, article 8, section 19, and Laws 2021, First Special Session chapter 7, article 15, section
1, is amended to read:

Sec. 15. MINNESOTA PREMIUM SECURITY PLAN FUNDING.

(a) The Minnesota Comprehensive Health Association shall fund the operational and
administrative costs and reinsurance payments of the Minnesota security plan and association
using the following amounts deposited in the premium security plan account in Minnesota
Statutes, section 62E.25, subdivision 1, in the following order:

(1) any federal funding available;

(2) funds deposited under article 1, sections 12 and 13;

(3) any state funds from the health care access fund; and

(4) any state funds from the general fund.

(b) The association shall transfer from the premium security plan account any remaining
state funds not used for the Minnesota premium security plan by June 30, deleted text begin 2024 deleted text end new text begin 2025 new text end , to the
commissioner of commerce. Any amount transferred to the commissioner of commerce
shall be deposited in the health care access fund in Minnesota Statutes, section 16A.724.

(c) The Minnesota Comprehensive Health Association may not spend more than
$271,000,000 for benefit year 2018 and not more than $271,000,000 for benefit year 2019
for the operational and administrative costs of, and reinsurance payments under, the
Minnesota premium security plan.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective upon federal approval of the continuation
of the state innovation waiver described in section 3. The commissioner of commerce must
notify the revisor of statutes when federal approval is obtained.
new text end

Sec. 2. new text begin MINNESOTA PREMIUM SECURITY PLAN ADMINISTERED THROUGH
THE 2023 BENEFIT YEAR.
new text end

new text begin (a) The Minnesota Comprehensive Health Association must administer the Minnesota
premium security plan through the 2023 benefit year.
new text end

new text begin (b) Notwithstanding Minnesota Statutes, section 62E.23, the Minnesota premium security
plan payment parameters for benefit year 2023 are:
new text end

new text begin (1) an attachment point of $50,000;
new text end

new text begin (2) a coinsurance rate of 80 percent; and
new text end

new text begin (3) a reinsurance cap of $250,000.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective upon federal approval of the continuation
of the state innovation waiver described in section 3. The commissioner of commerce must
notify the revisor of statutes when federal approval is obtained.
new text end

Sec. 3. new text begin CONTINUATION OF STATE INNOVATION WAIVER.
new text end

new text begin The commissioner of commerce must apply to the secretary of health and human services
under United States Code, title 42, section 18052, for a continuation of the state innovation
waiver previously granted to implement the Minnesota premium security plan for benefit
years beginning January 1, 2023, to maximize federal funding. The commissioner must
submit the application by February 28, 2022. The waiver application must clearly state that
operation of the Minnesota premium security plan after the 2022 benefit year is contingent
on approval of the waiver request.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end