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SF 761

3rd Engrossment - 91st Legislature (2019 - 2020) Posted on 03/11/2019 04:24pm

KEY: stricken = removed, old language.
underscored = added, new language.
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Current Version - 3rd Engrossment

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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 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 payments for the applicable benefit year, whichever is later.

new text begin (b) The reports 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 and submitted for payment per products
offered on-exchange and off-exchange and per eligible health carrier;
 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 for each year, including the federal and state contributions received, investment
income, and any other revenue or funds received;
 new text end

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

new text begin (7) administrative and operational expenses incurred for the plan, including the total
amount incurred and as a percentage of the plan's operational budget.
 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) 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 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