Minnesota HF2506 establishes a premium subsidy program for individual health plans and sunsets the Minnesota premium security plan.

Minnesota HF2506 establishes a premium subsidy program administered by MNsure to help eligible individuals pay for individual health plans. The program provides a 20% subsidy on the monthly gross premium for eligible individuals. The bill also sets parameters for the Minnesota premium security plan, including an attachment point of $50,000, a reinsurance cap of $250,000, and a coinsurance rate between 50-80%. The plan will sunset, and funds remaining after fiscal year 2026 will be available in 2027. The bill appropriates money for the program and repeals related sections of Minnesota Statutes.

Minnesota HF2506 establishes a premium subsidy program for individual health plans and sunsets the Minnesota premium security plan.

Minnesota HF2506 establishes a premium subsidy program administered by MNsure to help eligible individuals pay for individual health plans. The program provides a 20% subsidy on the monthly gross premium for eligible individuals. The bill also sets parameters for the Minnesota premium security plan, including an attachment point of $50,000, a reinsurance cap of $250,000, and a coinsurance rate between 50-80%. The plan will sunset, and funds remaining after fiscal year 2026 will be available in 2027. The bill appropriates money for the program and repeals related sections of Minnesota Statutes.