SF333
Premium security plan account transfer to the commissioner of commerce removal provision; Commerce commissioner requirement to request the continuation of a state innovation waiver provision; money transfer from the general fund to a premium security plan account authorization
Legislative Session 94 (2025-2026)
Related bill: HF837
AI Generated Summary
This legislative bill, Senate File No. 333, proposed by Senators Dahms, Klein, Seeberger, Utke, and Duckworth, involves health insurance in the state of Minnesota. The bill focuses on two main actions:
Continuation of State Innovation Waiver: The bill requires the Commissioner of Commerce to apply to the U.S. Department of Health and Human Services for the continuation of a state innovation waiver. This waiver is meant to maintain the Minnesota Premium Security Plan, which helps reduce health insurance premiums. The application for this continuation must be submitted by the end of 2026, and the plan will only continue after 2027 if the waiver is approved.
Transfer of Funds: The bill also mandates a one-time transfer of $413 million from Minnesota’s general fund to the premium security plan account in the fiscal year 2026. This funding supports the ongoing operation of the Premium Security Plan.
Overall, this bill aims to maintain reduced health insurance premiums in Minnesota through the continuation of a federally supported innovation and by securing financial backing from state funds.
Past committee meetings
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Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| January 21, 2025 | Senate | Action | Introduction and first reading | ||
| January 21, 2025 | Senate | Action | Referred to | Commerce and Consumer Protection | |
| February 03, 2025 | Senate | Action | Comm report: To pass as amended and re-refer to | Health and Human Services | |
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Meeting documents
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Citations
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Progress through the legislative process
Sponsors
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