Purpose of the Bill

The bill aims to increase transparency and accountability for health care sharing arrangements operating in Minnesota. These arrangements facilitate the sharing of health care costs among participants but are not considered traditional health insurance providers.

Main Provisions

• Annual Reporting: Health care sharing arrangements are required to submit detailed annual reports to the commissioner starting October 1, 2025, and subsequently by March 1 every year.
• Information Required: Reports must include details such as the number of participants, employer groups, list of participating health care providers and pharmacies, fees collected, administrative costs, and benefits covered.
• Consumer Information: Arrangements must provide information about eligibility, excluded health conditions, waiting periods, and how to file a complaint.

Significant Changes

• Regular Disclosures: This bill introduces mandatory, regular disclosures from health care sharing arrangements, which are not traditionally subject to the same regulations as health insurance providers.
• Consumer Protection: By requiring clear reporting and making this information public, it enhances consumer protection and regulatory oversight.

Relevant Terms

health care sharing arrangement, reporting requirements, transparency, administrative costs, consumer protection, excluded health conditions, eligibility requirements