HF 4270

as introduced - 90th Legislature (2017 - 2018) Posted on 03/28/2018 10:48am

A bill for an act
relating to insurance; regulating health care policy rates; requiring a living will or
health care directive discount; proposing coding for new law in Minnesota Statutes,
chapter 62A.

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

Section 1.

new text begin [62A.026] LIVING WILL AND HEALTH CARE DIRECTIVE DISCOUNT.
new text end

new text begin Subdivision 1. new text end

new text begin Required discount. new text end

new text begin A health carrier that issues health care policies and
certificates shall provide a premium discount of not less than five percent for each insured
adult who has executed a living will that complies with section 145B.03 or a health care
directive that complies with section 145C.03. The discount must apply to all coverages for
all policy periods beginning within the year following the execution of the living will or
health care directive. The commissioner of commerce shall approve the discount as part of
the health carrier's rate filing.
new text end

new text begin Subd. 2. new text end

new text begin Annual required filing. new text end

new text begin Each insured adult eligible to receive the discount in
subdivision 1 shall file annually with the health carrier an affidavit verifying the execution
of the living will or health care directive upon which the discount in subdivision 1 is based.
The affidavit must be filed within 30 days of the anniversary date of the policy.
new text end

new text begin Subd. 3. new text end

new text begin Definitions. new text end

new text begin For purposes of this section, (1) "health care policy" or "health
care certificate" is a health plan as defined in section 62A.011; and (2) "health carrier" has
the meaning given in section 62A.011 and includes all health carriers delivering or issuing
for delivery health care policies or certificates in this state or offering these policies or
certificates to residents of this state.
new text end