Skip to main content Skip to office menu Skip to footer
Capital IconMinnesota Legislature
Office of the Revisor of Statutes

SF 761

2nd Engrossment - 91st Legislature (2019 - 2020) Posted on 03/11/2019 12:41pm

KEY: stricken = removed, old language.
underscored = added, new language.
Version List Authors and Status
Pdf Rtf
Line numbers 1.1 1.2 1.3 1.4 1.5 1.6
1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15 1.16 1.17 1.18 1.19 1.20 1.21 2.1 2.2 2.3 2.4
2.5 2.6 2.7 2.8 2.9 2.10 2.11 2.12 2.13 2.14 2.15 2.16 2.17 2.18 2.19 2.20 2.21 2.22 2.23 2.24 2.25 2.26
2.27 2.28 2.29 2.30

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 end The board must submit to the commissioner new text begin and to the chairs and
ranking members of committees with jurisdiction over commerce and health new text end and make
available to the public deleted text begin adeleted text end new text begin quarterly reports on plan operations and an annualnew text end report
summarizing the plan operations for each benefit year deleted text begin bydeleted text end new text begin . All reports must be made public
bynew text end posting the deleted text begin summarydeleted text end new text begin reportnew text end on the Minnesota Comprehensive Health Association website
deleted text begin and making thedeleted text end new text begin . The annualnew text end summary deleted text begin otherwisedeleted text end new 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 Next 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 Previous reinsurance Next 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 Previous reinsurance Next payments by plan type based on carrier submitted templates;
 new text end

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

new text begin (6) the total amount of Previous reinsurance Next 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 Previous reinsurance Next 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) new text begin The association shall transfer by June 30, 2021, $54,326,000 from the premium
security plan account to the commissioner of commerce for deposit in the general fund.
This is a onetime transfer.new text end The association shall transfer from the premium security plan
account any new text begin remainingnew text end state funds not used for the Minnesota premium security plan by
June 30, deleted text begin 2021deleted text end new 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 Previous reinsurance payments under, the
Minnesota premium security plan.

Sec. 3. new text begin MINNESOTA 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