Minnesota SF1024 establishes a premium subsidy program for eligible individuals and sunsets the Minnesota premium security plan.
Minnesota SF1024 establishes a premium subsidy program administered by MNsure, providing a 20% subsidy on monthly gross premiums for eligible individuals in the individual health insurance market. The bill also sunsets the Minnesota premium security plan, effective August 16, 2026. The program requires health carriers to provide subsidies for each month the net premium is paid, excluding the subsidy from eligibility calculations for Department of Human Services programs. The bill repeals existing statutes related to the premium security plan and appropriates funds for the new program.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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