Purpose of the Bill

The bill aims to regulate health care sharing arrangements in Minnesota by requiring these entities to report detailed annual information to the state's commissioner. This measure intends to enhance transparency and ensure that the public and state officials are informed about the operations and financial practices of these arrangements.

Main Provisions

• Definition of Health Care Sharing Arrangements: The bill defines these arrangements as entities offering plans to help with the payment or reimbursement of health care costs for residents in Minnesota, which are not licensed health carriers.

• Annual Reporting Requirements: Health care sharing arrangements must submit an annual report by October 1, 2025, and March 1 each subsequent year. Key data in these reports include:

  • Number of participants, distinguishing Minnesota residents from non-residents.
  • Details on employer groups involved.
  • A list of Minnesota health care providers associated with the arrangement.
  • Financial data such as collected fees and administrative costs.
  • Information on benefits covered, excluded health conditions, and any applicable waiting periods.
  • Geographic locations within Minnesota where the arrangement is offered.
  • Third-party marketing and enrollment details.
  • Contact information and organizational structure details.

• Publication of Information: The Department of Commerce must publish a summary of these reports by December 1, 2025, and April 1 every subsequent year, including information on how consumers can file complaints.

Significant Changes

This bill introduces a new chapter (Chapter 62A.68) in the Minnesota Statutes to mandate annual reporting by health care sharing arrangements, a requirement not currently in place. This will significantly increase the oversight and transparency of these entities, aligning them more closely with other regulated health care organizations.

Relevant Terms

health care sharing arrangements, Minnesota residents, Department of Commerce, transparency, reporting requirements, administrative costs, benefits coverage, health care providers, excluded health conditions, consumer complaints, annual report, regulatory compliance