HF400 (Legislative Session 94 (2025-2026))
Commissioner of commerce required to defray costs to health plan companies for additional benefits.
Related bill: SF565
AI Generated Summary
The bill in question directs the Minnesota Commissioner of Commerce to cover the costs incurred by health plan companies when they add additional benefits that are mandated by law. Specifically, if an evaluation shows that a proposed health benefit increases monthly costs for insured individuals, and if this proposal becomes law, the Commissioner is responsible for compensating health plan companies. This payment should be made within 60 days of receiving a cost statement from the health plan company. The purpose of this bill is to help manage the financial impact on health plan companies when they are required to enhance their insurance coverage as per new legal mandates.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 12, 2025 | House | Floor | Action | Introduction and first reading, referred to | Commerce Finance and Policy |
| February 18, 2025 | House | Floor | Action | Author added |
Citations
[
{
"analysis": {
"added": [
"Added provision for defrayal of costs to health plan companies if a health benefit proposal increases costs."
],
"removed": [],
"summary": "This bill amends section 62J.26, subdivisions 4 and adds a new subdivision, affecting funding sources for mandated healthcare evaluations.",
"modified": [
"Clarified use of non-state funding sources under subdivision 4 for mandated evaluations."
]
},
"citation": "62J.26"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "References existing federal regulations related to the evaluation of health benefit proposals.",
"modified": [
"Integrates federal methodology to ensure accurate cost calculation for state-required health benefit evaluations."
]
},
"citation": "45 CFR 155.170"
}
]