2025 Minnesota Statutes

62E.25 ACCOUNTS.

Subdivision 1.Premium security plan account.

(a) The premium security plan account is created in the special revenue fund of the state treasury.

(b) Funds in the account are appropriated annually to the commissioner of commerce for grants to the Minnesota Comprehensive Health Association for the operational and administrative costs and reinsurance payments relating to the operation of the Minnesota premium security plan. Notwithstanding section 11A.20, all investment income and all investment losses attributable to the investment of the premium security plan account shall be credited to the premium security plan account.

(c) The commissioner of commerce must annually transfer the amount determined by the association under section 62E.23, subdivision 2, paragraph (a), clause (7), from the premium security plan account to the MNsure account established in section 62V.07.

(d) Federal funds received for the Minnesota premium security plan must not be used for the transfer under paragraph (c).

Subd. 2.Deposits.

Except as provided in subdivision 3, funds received by the commissioner of commerce or other state agency pursuant to the state innovation waiver request in Laws 2017, chapter 13, article 1, section 8, shall be deposited in the premium security plan account in subdivision 1.

Subd. 3.Basic health plan trust account.

Funds received by the commissioner of commerce or other state agency pursuant to the state innovation waiver request in Laws 2017, chapter 13, article 1, section 8, that are attributable to the basic health program shall be deposited in the basic health plan trust account in the federal fund.

History:

2017 c 13 art 1 s 6; 1Sp2025 c 4 art 6 s 10