SF1024

SF1024 (Legislative Session 94 (2025-2026))

MNsure premium subsidy program establishment, providing a sunset for the Minnesota premium security plan, and appropriation

Related bill: HF2506

AI Generated Summary

This bill, S.F. No. 1024, pertains to health insurance in Minnesota. It proposes the following key elements:

Establishment of a Premium Subsidy Program: It introduces a program to help certain eligible individuals in Minnesota by subsidizing their health insurance premiums. This subsidy aims to make health insurance more affordable for residents who do not qualify for existing federal credits and who aren't enrolled in public programs. Individuals will receive a subsidy of 20% of their monthly gross premium.
Management of Reinsurance Program: The bill outlines changes to the administration of the Minnesota premium security plan, which is the state's reinsurance program. This ensures that funds are used appropriately, focusing them on reinsurance payments to health carriers for eligible claims, and specifying a timeline for these payments.
Funding and Reporting Requirements: The bill also mentions the appropriation of funds for the premium subsidy program and mandates regular reporting and accountability in the disbursement of these funds. It outlines specific uses for the funds, ensuring they are not spent on unrelated expenses like staff retreats or promotional giveaways.
Data Handling and Privacy: The bill includes provisions for handling data needed to administer the subsidy program, ensuring privacy standards are met, and establishing guidelines for data sharing between entities for program administration purposes.
Tax Considerations: It clarifies that despite the subsidies, the gross premium (before subsidy) will continue to be used as the base for calculating any premium-related taxes.
Sunset and Repeal Provisions: The bill sets a sunset for certain parts of the existing Minnesota premium security plan by the end of 2025 and proposes repealing related statutes, suggesting a shift in approach to how health insurance and reinsurance are managed in the state.

Overall, the bill is designed to provide financial assistance to help more Minnesotans afford private health insurance while ensuring proper management and oversight of the funds and programs involved.

Bill text versions

Introduction PDF file
1st Engrossment PDF file

Actions

Date	Chamber	Where	Type	Name	Committee Name
February 05, 2025	Senate	Floor	Action	Introduction and first reading
February 05, 2025	Senate	Floor	Action	Referred to	Health and Human Services
March 12, 2025	Senate	Floor	Action	Comm report: To pass as amended and re-refer to	Commerce and Consumer Protection
April 01, 2025	Senate	Floor	Action	Comm report: To pass and re-referred to	Judiciary and Public Safety
April 01, 2025	Senate	Floor	Action	Comm report: To pass and re-referred to	Judiciary and Public Safety

Citations

[
  {
    "analysis": {
      "added": [
        "Clarification on federal funding applications and fund management."
      ],
      "removed": [
        "Specific procedural requirements."
      ],
      "summary": "This bill amends section 62E.23 related to the administration of Minnesota's premium security plan.",
      "modified": [
        "Notification timelines and data collection mandates for reinsurance payments"
      ]
    },
    "citation": "62E.23"
  },
  {
    "analysis": {
      "added": [
        "Section reference for verifying public program enrollment."
      ],
      "removed": [],
      "summary": "Statutory mention concerning eligibility of individuals for premium subsidies.",
      "modified": [
        "Impacts eligibility criteria for receiving subsidies under the premium subsidy program."
      ]
    },
    "citation": "256B.055"
  },
  {
    "analysis": {
      "added": [
        "Section reference for verifying public program enrollment."
      ],
      "removed": [],
      "summary": "Statutory mention concerning eligibility of individuals for premium subsidies.",
      "modified": [
        "Impacts eligibility criteria for receiving subsidies under the premium subsidy program."
      ]
    },
    "citation": "256L.04"
  },
  {
    "analysis": {
      "added": [
        "Classification of health carriers as vendors for payment processing."
      ],
      "removed": [],
      "summary": "Incorporated in defining vendor status and invoicing for health carriers.",
      "modified": [
        "Clarification on invoicing procedures and requirements for health carriers."
      ]
    },
    "citation": "16A.124"
  },
  {
    "analysis": {
      "added": [
        "Connection to the fiscal forecasting process for subsidies."
      ],
      "removed": [],
      "summary": "Used to determine forecast obligations for subsidy programs.",
      "modified": [
        "Procedures for certifying excess appropriations over forecast obligations."
      ]
    },
    "citation": "16A.103"
  }
]