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SF 761

1st Engrossment - 91st Legislature (2019 - 2020) Posted on 03/07/2019 07:52am

KEY: stricken = removed, old language.
underscored = added, new language.
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A bill for an act
relating to state government; extending the operation of the Minnesota premium
security plan funding; specifying information required in submitted reports;
amending Minnesota Statutes 2018, section 62E.24, subdivision 2; Laws 2017,
chapter 13, article 1, section 15, as amended.

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

Section 1.

Minnesota Statutes 2018, section 62E.24, subdivision 2, is amended to read:


Subd. 2.

Reports.

new text begin(a) new text endThe board must submit to the commissioner new text beginand to the chairs and
ranking members of committees with jurisdiction over commerce and health
new text endand make
available to the public deleted text beginadeleted text endnew text begin quarterly reports on plan operations and an annualnew text end report
summarizing the plan operations for each benefit year deleted text beginbydeleted text endnew text begin. All reports must be made public
by
new text end posting the deleted text beginsummarydeleted text endnew text begin reportnew text end on the Minnesota Comprehensive Health Association website
deleted text begin and making thedeleted text endnew text begin. The annualnew text end summary deleted text beginotherwisedeleted text endnew text begin must be madenew text end available by November 1
of the year following the applicable benefit year or 60 calendar days following the final
disbursement of reinsurance payments for the applicable benefit year, whichever is later.

new text begin (b) The report must include information about:
new text end

new text begin (1) the reinsurance parameters used;
new text end

new text begin (2) the metal levels affected;
new text end

new text begin (3) the number of claims payments estimated for products offered on-exchange and
off-exchange;
new text end

new text begin (4) the estimated reinsurance payments by plan type based on carrier submitted templates;
new text end

new text begin (5) funds appropriated for reinsurance payments and administrative and operational
expenses;
new text end

new text begin (6) the total amount of reinsurance payments made to eligible health carriers; and
new text end

new text begin (7) administrative and operational expenses incurred for the plan.
new text end

Sec. 2.

Laws 2017, chapter 13, article 1, section 15, as amended by Laws 2017, First
Special Session chapter 6, article 5, section 10, 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 state funds
not used for the Minnesota premium security plan by June 30, deleted text begin2021deleted text endnew text begin 2024new 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.

Sec. 3. new text beginMINNESOTA PREMIUM SECURITY PLAN ADMINISTERED THROUGH
THE 2022 BENEFIT YEAR.
new text end

new text begin The Minnesota Comprehensive Health Association must administer the Minnesota
premium security plan through the 2022 benefit year.
new text end