HF 1787

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to insurance; requiring health plan companies
to file reports with respect to certain costs;
amending Minnesota Statutes 2004, section 62Q.64.

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

Section 1.

Minnesota Statutes 2004, section 62Q.64, is
amended to read:

62Q.64 DISCLOSURE OF EXECUTIVE COMPENSATION.

(a) Each health plan company doing business in this state
shall annually file with the deleted text begin Consumer Advisory Board created in
section 62J.75 deleted text end new text begin commissioner of commerce or the commissioner of
health new text end :

(1) a copy of the health plan company's form 990 filed with
the federal Internal Revenue Service; or

(2) if the health plan company did not file a form 990 with
the federal Internal Revenue Service, a list of the amount and
recipients of the health plan company's five highest salaries,
including all types of compensation, in excess of $50,000.

new text begin (b) Each health plan company and its affiliates doing
business in this state shall file with the commissioner of
commerce or the commissioner of health, and the attorney
general, no later than April 1 of each year, a report that
complies with this paragraph, covering the immediately preceding
calendar year. The report required by this paragraph must
include, for all directors and each of the 20 current or former
employees who received the most total compensation from the
health plan company and its affiliates, the following
information:
new text end

new text begin (1) the person's name and job title;
new text end

new text begin (2) the person's total compensation received from the
health plan company and its affiliates, regardless of whether
the person is currently entitled to such compensation, including
all forms of salary, fringe benefits, payments in the form of
deferred or other future compensation, bonuses, severance
payments, and full amounts paid for vehicles or vehicle
allowances, and any life insurance premium payments; and
new text end

new text begin (3) a list of the person's travel paid for or reimbursed by
the health plan company and its affiliates, including for each
trip the date or dates, destination, and total amount paid for
or reimbursed by the health plan company and its affiliates.
The list of travel may exclude travel to or within Minnesota,
Wisconsin, Iowa, North Dakota, or South Dakota.
new text end

new text begin This paragraph does not require disclosure of information
with respect to any current or former employee whose total
compensation from the health plan company and its affiliates was
less than $100,000 for the calendar year being reported. This
paragraph does not apply to a health plan company that, along
with its affiliates, is assessed less than three percent of the
total amount assessed by the Minnesota Comprehensive Health
Association. The attorney general has, for purposes of
enforcing this paragraph, the enforcement powers otherwise
available to the attorney general. The commissioner of commerce
has, for purposes of enforcing this paragraph, the enforcement
powers otherwise available to that commissioner. The
commissioner of health has, for purposes of enforcing this
paragraph, the enforcement powers otherwise available to that
commissioner.
new text end

deleted text begin (b) A filing deleted text end new text begin (c) All filings new text end under this section deleted text begin is deleted text end new text begin are
new text end public data under section 13.03.

Sec. 2. new text begin EFFECTIVE DATE.
new text end

new text begin Section 1 is effective the day following final enactment.
new text end