Extends reinsurance assessment authority for group health carriers in Minnesota.

The bill extends the reinsurance assessment authority for group health carriers in Minnesota. It amends the Minnesota Statutes to impose an assessment on group health carriers for the benefit year 2027. The assessment amount is determined based on the carrier's portion of total premiums for group health plans written in Minnesota for the previous benefit year. The bill also outlines the process for carriers to apply for deferral of the assessment and mandates the association to remit collected assessments to the commissioner for deposit in the premium security plan account.

Extends reinsurance assessment authority for group health carriers in Minnesota.

The bill extends the reinsurance assessment authority for group health carriers in Minnesota. It amends the Minnesota Statutes to impose an assessment on group health carriers for the benefit year 2027. The assessment amount is determined based on the carrier's portion of total premiums for group health plans written in Minnesota for the previous benefit year. The bill also outlines the process for carriers to apply for deferral of the assessment and mandates the association to remit collected assessments to the commissioner for deposit in the premium security plan account.