Commissioner of commerce required to defray costs to health plan companies for additional benefits.

HF 400 requires Minnesota's Commissioner of Commerce to pay health insurance companies to offset costs when new state-mandated health benefits increase premiums for consumers. This applies to health plans sold in individual, small group, and large group markets. The Commissioner must make these payments within 60 days of receiving a cost statement from the company, using the federal process for cost calculation to ensure accurate measurements. The bill takes effect January 1, 2026, for all new mandated health benefit proposals enacted after that date.