Minnesota 2025-2026 Regular Session

Minnesota House Bill HF2506 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	1.1 A bill for an act
2	2	1.2 relating to health insurance; establishing a premium subsidy program administered
3	3	1.3 by MNsure; providing a sunset for the Minnesota premium security plan;
4	4	1.4 appropriating money; amending Minnesota Statutes 2024, section 62E.23,
5	5	1.5 subdivision 1; proposing coding for new law in Minnesota Statutes, chapter 62V;
6	6	1.6 repealing Minnesota Statutes 2024, sections 62E.21; 62E.22; 62E.23; 62E.24;
7	7	1.7 62E.25.
8	8	1.8BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
9	9	1.9 Section 1. Minnesota Statutes 2024, section 62E.23, subdivision 1, is amended to read:
10	10	1.10 Subdivision 1.Administration of plan.(a) The association is Minnesota's reinsurance
11	11	1.11entity to administer the state-based reinsurance program referred to as the Minnesota premium
12	12	1.12security plan.
13	13	1.13 (b) The association may apply for any available federal funding for the plan. All funds
14	14	1.14received by or appropriated to the association shall be deposited in the premium security
15	15	1.15plan account in section 62E.25, subdivision 1. The association shall notify the chairs and
16	16	1.16ranking minority members of the legislative committees with jurisdiction over health and
17	17	1.17human services and insurance within ten days of receiving any federal funds.
18	18	1.18 (c) The association must collect or access data from an eligible health carrier that are
19	19	1.19necessary to determine reinsurance payments, according to the data requirements under
20	20	1.20subdivision 5, paragraph (c).
21	21	1.21 (d) The board must not use any funds allocated to the plan for staff retreats, promotional
22	22	1.22giveaways, excessive executive compensation, or promotion of federal or state legislative
23	23	1.23or regulatory changes.
24	24	1Section 1.
25	25	REVISOR RSI/NS 25-0272801/28/25
26	26	State of Minnesota
27	27	This Document can be made available
28	28	in alternative formats upon request
29	29	HOUSE OF REPRESENTATIVES
30	30	H. F. No. 2506
31	31	NINETY-FOURTH SESSION
32	32	Authored by Bierman, Reyer, Hemmingsen-Jaeger, Huot, Stephenson and others03/17/2025
33	33	The bill was read for the first time and referred to the Committee on Commerce Finance and Policy 2.1 (e) For each applicable benefit year, the association must notify eligible health carriers
34	34	2.2of reinsurance payments to be made for the applicable benefit year no later than June 30 of
35	35	2.3the year following the applicable benefit year.
36	36	2.4 (f) On a quarterly basis during the applicable benefit year, the association must provide
37	37	2.5each eligible health carrier with the calculation of total reinsurance payment requests.
38	38	2.6 (g) By August 15 of the year following the applicable benefit year, through August 15,
39	39	2.72026, the association must disburse all applicable reinsurance payments to an eligible health
40	40	2.8carrier.
41	41	2.9 (h) The association must disburse applicable reinsurance payments for claims costs
42	42	2.10incurred by eligible health carriers through December 31, 2025. Reinsurance payments are
43	43	2.11not available to eligible health carriers for claims costs incurred after December 31, 2025.
44	44	2.12 Sec. 2. [62V.15] DEFINITIONS; PREMIUM SUBSIDY PROGRAM.
45	45	2.13 Subdivision 1.Scope.For purposes of sections 62V.15 to 62V.17, the following terms
46	46	2.14have the meanings given.
47	47	2.15 Subd. 2.Eligible individual.(a) "Eligible individual" means a Minnesota resident who:
48	48	2.16 (1) is not receiving an advance premium tax credit under Code of Federal Regulations,
49	49	2.17title 26, part 1.36B-2, in a month in which the eligible individual's coverage is effective;
50	50	2.18 (2) is not enrolled in public program coverage under section 256B.055 or 256L.04; and
51	51	2.19 (3) purchased an individual health plan, as defined in section 62A.011.
52	52	2.20 (b) "Eligible individual" includes a person required to repay an advanced premium tax
53	53	2.21credit because the person's income was subsequently determined to exceed the maximum
54	54	2.22permissible amount to qualify as an applicable taxpayer under Code of Federal Regulations,
55	55	2.23title 26, part 1.36B-2.
56	56	2.24 Subd. 3.Gross premium."Gross premium" means the amount billed for a health plan
57	57	2.25purchased by an eligible individual prior to a premium subsidy in a calendar year.
58	58	2.26 Subd. 4.Net premium."Net premium" means the gross premium less the premium
59	59	2.27subsidy.
60	60	2.28 Subd. 5.Premium subsidy."Premium subsidy" means a payment (1) made on behalf
61	61	2.29of an eligible individual to promote general welfare, and (2) that is not compensation for a
62	62	2.30service rendered.
63	63	2Sec. 2.
64	64	REVISOR RSI/NS 25-0272801/28/25 3.1 Sec. 3. [62V.16] PAYMENT TO HEALTH CARRIERS ON BEHALF OF ELIGIBLE
65	65	3.2INDIVIDUALS.
66	66	3.3 Subdivision 1.Program established.Beginning January 1, 2026, the board of directors
67	67	3.4of MNsure, in consultation with the commissioners of commerce and human services, must
68	68	3.5establish and administer the premium subsidy program authorized by this section to help
69	69	3.6eligible individuals pay for coverage in the individual market.
70	70	3.7 Subd. 2.Premium subsidy provided.(a) A health carrier must provide a premium
71	71	3.8subsidy to each eligible individual who purchases an individual health plan, as defined in
72	72	3.9section 62A.011, from the health carrier. The premium subsidy must be provided for each
73	73	3.10month the net premium is paid. An eligible individual must pay the net premium amount
74	74	3.11to the health carrier.
75	75	3.12 (b) Each premium subsidy must be equal to 20 percent of the monthly gross premium
76	76	3.13otherwise paid by or on behalf of the eligible individual for coverage purchased in the
77	77	3.14individual market that covers the eligible individual and the eligible individual's spouse and
78	78	3.15dependents.
79	79	3.16 (c) The premium subsidy must be excluded from a calculation used to determine eligibility
80	80	3.17for a Department of Human Services program.
81	81	3.18 Subd. 3.Payments to health carriers.(a) The board must make payments to health
82	82	3.19carriers on behalf of eligible individuals effectuating coverage for a calendar year for the
83	83	3.20months during the calendar year for which the individual has paid the net premium amount
84	84	3.21to the health carrier. A payment to a health carrier must be based on the premium subsidy
85	85	3.22available to eligible individuals in the individual market, regardless of the cost of the coverage
86	86	3.23purchased. The board must not withhold payment because a health carrier cannot prove an
87	87	3.24enrollee is an eligible individual.
88	88	3.25 (b) In order to be eligible for payment, a health carrier seeking reimbursement from the
89	89	3.26board must submit an invoice and supporting information to the board, using a form
90	90	3.27developed by the board. The board must finalize the form by November 1, 2025.
91	91	3.28 (c) The board must consider a health carrier as a vendor under section 16A.124,
92	92	3.29subdivision 3, and each monthly invoice must represent the services that have been completed
93	93	3.30or delivered.
94	94	3.31 (d) With each November forecast under section 16A.103, the board must certify the
95	95	3.32extent to which appropriations exceed forecast obligations under this subdivision.
96	96	3Sec. 3.
97	97	REVISOR RSI/NS 25-0272801/28/25 4.1 Subd. 4.Retroactive payments to individuals.The board must make retroactive subsidy
98	98	4.2payments directly to an individual for any month the individual is required to repay an
99	99	4.3advanced premium tax credit because the individual's income exceeded the maximum
100	100	4.4permissible amount to qualify as an applicable taxpayer under Code of Federal Regulations,
101	101	4.5title 26, part 1.36B-2.
102	102	4.6 Subd. 5.Data practices.(a) The definitions in section 13.02 apply to this subdivision.
103	103	4.7 (b) Government data on an enrollee or health carrier under this section are private data
104	104	4.8on individuals or nonpublic data, except that the total reimbursement requested by a health
105	105	4.9carrier and the total state payment to the health carrier are public data.
106	106	4.10 Subd. 6.Data sharing.(a) Notwithstanding any law to the contrary, a government entity
107	107	4.11is permitted to share or disseminate data as follows:
108	108	4.12 (1) the commissioner of human services must share data on public program enrollment
109	109	4.13under sections 256B.055 and 256L.04 with the board; and
110	110	4.14 (2) the board must disseminate data on an enrollee's public program coverage enrollment
111	111	4.15under sections 256B.055 and 256L.04 to health carriers to the extent the board determines
112	112	4.16data sharing is necessary to determine the enrollee's eligibility for the premium subsidy
113	113	4.17program authorized by this section.
114	114	4.18 (b) Data shared under this subdivision may be collected, stored, or used only to administer
115	115	4.19the premium subsidy program authorized by this section, and must not be further shared or
116	116	4.20disseminated except as otherwise provided by law.
117	117	4.21 Sec. 4. [62V.17] APPLICABILITY OF GROSS PREMIUM.
118	118	4.22 Notwithstanding premium subsidies provided under section 62V.16, subdivision 2, the
119	119	4.23premium base to calculate any applicable premium taxes under chapter 297I is the gross
120	120	4.24premium for health plans purchased by eligible individuals in the individual market.
121	121	4.25 Sec. 5. APPROPRIATION.
122	122	4.26 $....... in fiscal year 2026 is appropriated from the general fund to the Board of Directors
123	123	4.27of MNsure for premium assistance under Minnesota Statutes, section 62V.16. Any amount
124	124	4.28that remains unexpended after fiscal year 2026 does not cancel and is available in fiscal
125	125	4.29year 2027.
126	126	4Sec. 5.
127	127	REVISOR RSI/NS 25-0272801/28/25 5.1 Sec. 6. REPEALER.
128	128	5.2 Minnesota Statutes 2024, sections 62E.21; 62E.22; 62E.23; 62E.24; and 62E.25, are
129	129	5.3repealed.
130	130	5.4 EFFECTIVE DATE.This section is effective August 16, 2026.
131	131	5Sec. 6.
132	132	REVISOR RSI/NS 25-0272801/28/25 62E.21 DEFINITIONS.
133	133	Subdivision 1.Application.For the purposes of sections 62E.21 to 62E.25, the terms defined
134	134	in this section have the meanings given them.
135	135	Subd. 2.Affordable Care Act."Affordable Care Act" means the federal act as defined in
136	136	section 62A.011, subdivision 1a.
137	137	Subd. 3.Attachment point."Attachment point" means an amount as provided in section 62E.23,
138	138	subdivision 2, paragraph (b).
139	139	Subd. 4.Benefit year."Benefit year" means the calendar year for which an eligible health
140	140	carrier provides coverage through an individual health plan.
141	141	Subd. 5.Board."Board" means the board of directors of the Minnesota Comprehensive Health
142	142	Association created under section 62E.10.
143	143	Subd. 6.Coinsurance rate."Coinsurance rate" means the rate as provided in section 62E.23,
144	144	subdivision 2, paragraph (c).
145	145	Subd. 7.Commissioner."Commissioner" means the commissioner of commerce.
146	146	Subd. 8.Eligible health carrier."Eligible health carrier" means all of the following that offer
147	147	individual health plans and incur claims costs for an individual enrollee's covered benefits in the
148	148	applicable benefit year:
149	149	(1) an insurance company licensed under chapter 60A to offer, sell, or issue a policy of accident
150	150	and sickness insurance as defined in section 62A.01;
151	151	(2) a nonprofit health service plan corporation operating under chapter 62C; or
152	152	(3) a health maintenance organization operating under chapter 62D.
153	153	Subd. 9.Individual health plan."Individual health plan" means a health plan as defined in
154	154	section 62A.011, subdivision 4, that is not a grandfathered plan as defined in section 62A.011,
155	155	subdivision 1b.
156	156	Subd. 10.Individual market."Individual market" has the meaning given in section 62A.011,
157	157	subdivision 5.
158	158	Subd. 11.Minnesota Comprehensive Health Association or association."Minnesota
159	159	Comprehensive Health Association" or "association" has the meaning given in section 62E.02,
160	160	subdivision 14.
161	161	Subd. 12.Minnesota premium security plan or plan."Minnesota premium security plan" or
162	162	"plan" means the state-based reinsurance program authorized under section 62E.23.
163	163	Subd. 13.Payment parameters."Payment parameters" means the attachment point, reinsurance
164	164	cap, and coinsurance rate for the plan.
165	165	Subd. 14.Reinsurance cap."Reinsurance cap" means the threshold amount as provided in
166	166	section 62E.23, subdivision 2, paragraph (d).
167	167	Subd. 15.Reinsurance payments."Reinsurance payments" means an amount paid by the
168	168	association to an eligible health carrier under the plan.
169	169	62E.22 DUTIES OF COMMISSIONER.
170	170	The commissioner shall require eligible health carriers to calculate the premium amount the
171	171	eligible health carrier would have charged for the benefit year if the Minnesota premium security
172	172	plan had not been established. The eligible health carrier must submit this information as part of
173	173	its rate filing. The commissioner must consider this information as part of the rate review.
174	174	62E.23 MINNESOTA PREMIUM SECURITY PLAN.
175	175	Subdivision 1.Administration of plan.(a) The association is Minnesota's reinsurance entity
176	176	to administer the state-based reinsurance program referred to as the Minnesota premium security
177	177	plan.
178	178	(b) The association may apply for any available federal funding for the plan. All funds received
179	179	by or appropriated to the association shall be deposited in the premium security plan account in
180	180	section 62E.25, subdivision 1. The association shall notify the chairs and ranking minority members
181	181	1R
182	182	APPENDIX
183	183	Repealed Minnesota Statutes: 25-02728 of the legislative committees with jurisdiction over health and human services and insurance within
184	184	ten days of receiving any federal funds.
185	185	(c) The association must collect or access data from an eligible health carrier that are necessary
186	186	to determine reinsurance payments, according to the data requirements under subdivision 5, paragraph
187	187	(c).
188	188	(d) The board must not use any funds allocated to the plan for staff retreats, promotional
189	189	giveaways, excessive executive compensation, or promotion of federal or state legislative or
190	190	regulatory changes.
191	191	(e) For each applicable benefit year, the association must notify eligible health carriers of
192	192	reinsurance payments to be made for the applicable benefit year no later than June 30 of the year
193	193	following the applicable benefit year.
194	194	(f) On a quarterly basis during the applicable benefit year, the association must provide each
195	195	eligible health carrier with the calculation of total reinsurance payment requests.
196	196	(g) By August 15 of the year following the applicable benefit year, the association must disburse
197	197	all applicable reinsurance payments to an eligible health carrier.
198	198	Subd. 2.Payment parameters.(a) The board must design and adjust the payment parameters
199	199	to ensure the payment parameters:
200	200	(1) will stabilize or reduce premium rates in the individual market;
201	201	(2) will increase participation in the individual market;
202	202	(3) will improve access to health care providers and services for those in the individual market;
203	203	(4) mitigate the impact high-risk individuals have on premium rates in the individual market;
204	204	(5) take into account any federal funding available for the plan; and
205	205	(6) take into account the total amount available to fund the plan.
206	206	(b) The attachment point for the plan is the threshold amount for claims costs incurred by an
207	207	eligible health carrier for an enrolled individual's covered benefits in a benefit year, beyond which
208	208	the claims costs for benefits are eligible for reinsurance payments. The attachment point shall be
209	209	set by the board at $50,000 or more, but not exceeding the reinsurance cap.
210	210	(c) The coinsurance rate for the plan is the rate at which the association will reimburse an eligible
211	211	health carrier for claims incurred for an enrolled individual's covered benefits in a benefit year
212	212	above the attachment point and below the reinsurance cap. The coinsurance rate shall be set by the
213	213	board at a rate between 50 and 80 percent.
214	214	(d) The reinsurance cap is the threshold amount for claims costs incurred by an eligible health
215	215	carrier for an enrolled individual's covered benefits, after which the claims costs for benefits are
216	216	no longer eligible for reinsurance payments. The reinsurance cap shall be set by the board at $250,000
217	217	or less.
218	218	(e) The board may adjust the payment parameters to the extent necessary to secure federal
219	219	approval of the state innovation waiver request in Laws 2017, chapter 13, article 1, section 8.
220	220	Subd. 3.Operation.(a) The board shall propose to the commissioner the payment parameters
221	221	for the next benefit year by January 15 of the year before the applicable benefit year. The
222	222	commissioner shall approve or reject the payment parameters no later than 14 days following the
223	223	board's proposal. If the commissioner fails to approve or reject the payment parameters within 14
224	224	days following the board's proposal, the proposed payment parameters are final and effective.
225	225	(b) If the amount in the premium security plan account in section 62E.25, subdivision 1, is not
226	226	anticipated to be adequate to fully fund the approved payment parameters as of July 1 of the year
227	227	before the applicable benefit year, the board, in consultation with the commissioner and the
228	228	commissioner of management and budget, shall propose payment parameters within the available
229	229	appropriations. The commissioner must permit an eligible health carrier to revise an applicable rate
230	230	filing based on the final payment parameters for the next benefit year.
231	231	(c) Notwithstanding paragraph (a), the payment parameters for benefit years 2023 through 2027
232	232	are:
233	233	(1) an attachment point of $50,000;
234	234	2R
235	235	APPENDIX
236	236	Repealed Minnesota Statutes: 25-02728 (2) a coinsurance rate of 80 percent; and
237	237	(3) a reinsurance cap of $250,000.
238	238	Subd. 4.Calculation of reinsurance payments.(a) Each reinsurance payment must be calculated
239	239	with respect to an eligible health carrier's incurred claims costs for an individual enrollee's covered
240	240	benefits in the applicable benefit year. If the claims costs do not exceed the attachment point, the
241	241	reinsurance payment is $0. If the claims costs exceed the attachment point, the reinsurance payment
242	242	shall be calculated as the product of the coinsurance rate and the lesser of:
243	243	(1) the claims costs minus the attachment point; or
244	244	(2) the reinsurance cap minus the attachment point.
245	245	(b) The board must ensure that reinsurance payments made to eligible health carriers do not
246	246	exceed the total amount paid by the eligible health carrier for any eligible claim. "Total amount
247	247	paid of an eligible claim" means the amount paid by the eligible health carrier based upon the
248	248	allowed amount less any deductible, coinsurance, or co-payment, as of the time the data are submitted
249	249	or made accessible under subdivision 5, paragraph (c).
250	250	Subd. 5.Eligible carrier requests for reinsurance payments.(a) An eligible health carrier
251	251	may request reinsurance payments from the association when the eligible health carrier meets the
252	252	requirements of this subdivision and subdivision 4.
253	253	(b) An eligible health carrier must make requests for reinsurance payments in accordance with
254	254	any requirements established by the board.
255	255	(c) An eligible health carrier must provide the association with access to the data within the
256	256	dedicated data environment established by the eligible health carrier under the federal risk adjustment
257	257	program under United States Code, title 42, section 18063. Eligible health carriers must submit an
258	258	attestation to the board asserting compliance with the dedicated data environments, data requirements,
259	259	establishment and usage of masked enrollee identification numbers, and data submission deadlines.
260	260	(d) An eligible health carrier must provide the access described in paragraph (c) for the applicable
261	261	benefit year by April 30 of each year of the year following the end of the applicable benefit year.
262	262	(e) An eligible health carrier must maintain documents and records, whether paper, electronic,
263	263	or in other media, sufficient to substantiate the requests for reinsurance payments made pursuant
264	264	to this section for a period of at least six years. An eligible health carrier must also make those
265	265	documents and records available upon request from the commissioner for purposes of verification,
266	266	investigation, audit, or other review of reinsurance payment requests.
267	267	(f) An eligible health carrier may follow the appeals procedure under section 62E.10, subdivision
268	268	2a.
269	269	(g) The association may have an eligible health carrier audited to assess the health carrier's
270	270	compliance with the requirements of this section. The eligible health carrier must ensure that its
271	271	contractors, subcontractors, or agents cooperate with any audit under this section. If an audit results
272	272	in a proposed finding of material weakness or significant deficiency with respect to compliance
273	273	with any requirement of this section, the eligible health carrier may provide a response to the
274	274	proposed finding within 30 days. Within 30 days of the issuance of a final audit report that includes
275	275	a finding of material weakness or significant deficiency, the eligible health carrier must:
276	276	(1) provide a written corrective action plan to the association for approval;
277	277	(2) implement the approved plan; and
278	278	(3) provide the association with written documentation of the corrective action once taken.
279	279	Subd. 6.Data.Government data of the association under this section are private data on
280	280	individuals, or nonpublic data, as defined under section 13.02, subdivision 9 or 12.
281	281	62E.24 ACCOUNTING, REPORTS, AND AUDITS OF THE ASSOCIATION.
282	282	Subdivision 1.Accounting.The board must keep an accounting for each benefit year of all:
283	283	(1) funds appropriated for reinsurance payments and administrative and operational expenses;
284	284	(2) requests for reinsurance payments received from eligible health carriers;
285	285	(3) reinsurance payments made to eligible health carriers; and
286	286	3R
287	287	APPENDIX
288	288	Repealed Minnesota Statutes: 25-02728 (4) administrative and operational expenses incurred for the plan.
289	289	Subd. 2.Reports.(a) The board must submit to the commissioner and to the chairs and ranking
290	290	minority members of the legislative committees with jurisdiction over commerce and health and
291	291	make available to the public quarterly reports on plan operations and an annual report summarizing
292	292	the plan operations for each benefit year. All reports must be made public by posting the report on
293	293	the Minnesota Comprehensive Health Association website. The annual summary must be made
294	294	available by November 1 of the year following the applicable benefit year or 60 calendar days
295	295	following the final disbursement of reinsurance payments for the applicable benefit year, whichever
296	296	is later.
297	297	(b) The reports must include information about:
298	298	(1) the reinsurance parameters used;
299	299	(2) the metal levels affected;
300	300	(3) the number of claims payments estimated and submitted for payment per products offered
301	301	on-exchange and off-exchange and per eligible health carrier;
302	302	(4) the estimated reinsurance payments by plan type based on carrier-submitted templates;
303	303	(5) funds appropriated for reinsurance payments and administrative and operational expenses
304	304	for each year, including the federal and state contributions received, investment income, and any
305	305	other revenue or funds received;
306	306	(6) the total amount of reinsurance payments made to each eligible health carrier; and
307	307	(7) administrative and operational expenses incurred for the plan, including the total amount
308	308	incurred and as a percentage of the plan's operational budget.
309	309	Subd. 3.Legislative auditor.The Minnesota premium security plan is subject to audit by the
310	310	legislative auditor. The board must ensure that its contractors, subcontractors, or agents cooperate
311	311	with the audit.
312	312	Subd. 4.Independent external audit.(a) The board must engage and cooperate with an
313	313	independent certified public accountant or CPA firm licensed or permitted under chapter 326A to
314	314	perform an audit for each benefit year of the plan, in accordance with generally accepted auditing
315	315	standards. The audit must at a minimum:
316	316	(1) assess compliance with the requirements of sections 62E.21 to 62E.25; and
317	317	(2) identify any material weaknesses or significant deficiencies and address manners in which
318	318	to correct any such material weaknesses or deficiencies.
319	319	(b) The board, after receiving the completed audit, must:
320	320	(1) provide the commissioner the results of the audit;
321	321	(2) identify to the commissioner any material weakness or significant deficiency identified in
322	322	the audit and address in writing to the commissioner how the board intends to correct any such
323	323	material weakness or significant deficiency in compliance with subdivision 5; and
324	324	(3) make public the results of the audit, to the extent the audit contains government data that is
325	325	public, including any material weakness or significant deficiency and how the board intends to
326	326	correct the material weakness or significant deficiency, by posting the audit results on the Minnesota
327	327	Comprehensive Health Association website and making the audit results otherwise available.
328	328	Subd. 5.Actions on audit findings.(a) If an audit results in a finding of material weakness or
329	329	significant deficiency with respect to compliance by the association with any requirement under
330	330	sections 62E.21 to 62E.25, the board must:
331	331	(1) provide a written corrective action plan to the commissioner for approval within 60 days of
332	332	the completed audit;
333	333	(2) implement the corrective action plan; and
334	334	(3) provide the commissioner with written documentation of the corrective actions taken.
335	335	(b) By December 1 of each year, the board must submit a report to the standing committees of
336	336	the legislature having jurisdiction over health and human services and insurance regarding any
337	337	finding of material weakness or significant deficiency found in an audit.
338	338	4R
339	339	APPENDIX
340	340	Repealed Minnesota Statutes: 25-02728 62E.25 ACCOUNTS.
341	341	Subdivision 1.Premium security plan account.The premium security plan account is created
342	342	in the special revenue fund of the state treasury. Funds in the account are appropriated annually to
343	343	the commissioner of commerce for grants to the Minnesota Comprehensive Health Association for
344	344	the operational and administrative costs and reinsurance payments relating to the start-up and
345	345	operation of the Minnesota premium security plan. Notwithstanding section 11A.20, all investment
346	346	income and all investment losses attributable to the investment of the premium security plan account
347	347	shall be credited to the premium security plan account.
348	348	Subd. 2.Deposits.Except as provided in subdivision 3, funds received by the commissioner
349	349	of commerce or other state agency pursuant to the state innovation waiver request in Laws 2017,
350	350	chapter 13, article 1, section 8, shall be deposited in the premium security plan account in subdivision
351	351	1.
352	352	Subd. 3.Basic health plan trust account.Funds received by the commissioner of commerce
353	353	or other state agency pursuant to the state innovation waiver request in Laws 2017, chapter 13,
354	354	article 1, section 8, that are attributable to the basic health program shall be deposited in the basic
355	355	health plan trust account in the federal fund.
356	356	5R
357	357	APPENDIX
358	358	Repealed Minnesota Statutes: 25-02728