Minnesota SF2352 modifies the tax on health insurers by altering the premium tax offset for guaranty association assessments.

Minnesota SF2352 amends the tax on health insurers by modifying the premium tax offset for guaranty association assessments. The bill introduces a new subdivision defining "health plan company" and imposes a tax on health maintenance organizations, community integrated service networks, and nonprofit health service plan corporations. It also repeals certain subdivisions related to insurance tax revenues. The changes are effective for premiums received after December 31, 2025.

Minnesota SF2352 modifies the tax on health insurers by altering the premium tax offset for guaranty association assessments.

Minnesota SF2352 amends the tax on health insurers by modifying the premium tax offset for guaranty association assessments. The bill introduces a new subdivision defining "health plan company" and imposes a tax on health maintenance organizations, community integrated service networks, and nonprofit health service plan corporations. It also repeals certain subdivisions related to insurance tax revenues. The changes are effective for premiums received after December 31, 2025.