SF 3047

as introduced - 89th Legislature (2015 - 2016) Posted on 03/31/2016 08:27am

A bill for an act
relating to health care; permitting health carriers to not renew certain conversion
individual health plans; requiring notice to affected policyholders; amending
Minnesota Statutes 2014, section 62A.17, subdivision 6.

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

Section 1.

Minnesota Statutes 2014, section 62A.17, subdivision 6, is amended to read:

Subd. 6.

Conversion to individual policy.

new text begin (a) new text end An individual policy or contract
issued as a conversion policy prior to January 1, 2014, shall be renewable at the option
of the individual as long as the individual is not covered under another qualified plan
as defined in section 62E.02, subdivision 4. Any revisions in the table of rate for the
individual policy shall apply to the covered person's original age at entry and shall apply
equally to all similar conversion policies issued by the insurer.

new text begin (b) Notwithstanding paragraph (a), conversion policies with five or fewer covered
individuals that are not part of the single risk pool as defined by section 62A.65,
subdivision 3b, may be nonrenewed in accordance with this paragraph. A health carrier
nonrenewing coverage under this paragraph must notify the commissioner 180 days
before nonrenewal and must provide the commissioner with a complete list of affected
policyholders. The health carrier must also provide 120 days written notice to each
policyholder covered under the conversion policy. This notice must include information
on how to obtain individual or family health coverage and contact information for the
state agencies regulating health insurance.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment
and applies to policies coming up for renewal on or after the effective date.
new text end