Minnesota SF3841 makes technical and date adjustments to the Minnesota premium security plan.

Minnesota SF3841 amends the Minnesota premium security plan by adjusting technical details and dates. The bill specifies that the association must notify eligible health carriers of reinsurance payments by June 30 of the year following the applicable benefit year. It also mandates that the association provide each eligible health carrier with the calculation of total reinsurance payment requests on a quarterly basis. The commissioner can defer all or part of the assessment if it places the group health carrier in a financially impaired condition.

Minnesota SF3841 makes technical and date adjustments to the Minnesota premium security plan.

Minnesota SF3841 amends the Minnesota premium security plan by adjusting technical details and dates. The bill specifies that the association must notify eligible health carriers of reinsurance payments by June 30 of the year following the applicable benefit year. It also mandates that the association provide each eligible health carrier with the calculation of total reinsurance payment requests on a quarterly basis. The commissioner can defer all or part of the assessment if it places the group health carrier in a financially impaired condition.