Premium security plan account transfer to the commissioner of commerce removal provision; Commerce commissioner requirement to request the continuation of a state innovation waiver provision; money transfer from the general fund to a premium security plan account authorization
This bill requires Minnesota's Commerce Commissioner to apply for a federal waiver to continue the state's "premium security plan" (a health insurance program) after 2027, with an application due by December 31, 2026. It also authorizes a one-time transfer of $413 million from the state's general fund to the premium security plan account in fiscal year 2026. The plan provides health coverage to eligible Minnesotans, and this funding ensures continued operation and access to federal support. The bill directly affects participants in Minnesota's premium security plan and the state's budget management.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 21, 2025
Last action Feb 3, 2025
Maddy AI version diff · 1 comparison
What changed between versions
Introduction
→
1st Engrossment
·
4 edits
·
Feb 3, 2025
MODERATE
The bill was updated from its introduction to its first engrossment, reflecting significant changes in funding amounts, legal citations, and the duration of a federal waiver request. The most critical change involves increasing the one-time transfer from the general fund to the premium security plan account from $413 million to $512 million. Additionally, the bill now explicitly removes a previous requirement to transfer unused funds back to the commissioner of commerce, while expanding the timeline for requesting the continuation of a state innovation waiver to ensure future federal funding eligibility.
Scope change
The bill's scope regarding financial transfers was expanded by increasing the funding amount and removing a return-transfer clause, while the scope of the waiver request was extended to cover future years beyond the initial application period.
FISCAL
The one-time transfer amount from the general fund to the premium security plan account was increased from $413,000,000 to $512,000,000 for fiscal year 2026.
REQUIREMENT
The requirement for the association to transfer any remaining unused state funds from the premium security plan account back to the commissioner of commerce by June 30, 2029, was removed.
TIMELINE
The waiver application process was updated to require an initial application by December 31, 2026, with a mandate to submit subsequent applications as needed to maintain authorization until directed otherwise by the legislature.
TECHNICAL
Several legal citations were updated to include additional amending laws, and the section numbering was reorganized to accommodate new content.
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
1
Committee
2
Feb 3, 2025
Upper · Passed
Comm report: To pass as amended and re-refer to Health and Human Services
upper
Jan 21, 2025
Committee
Referred to Commerce and Consumer Protection
upper
Jan 21, 2025
Introduced
Introduction and first reading
upper
1 primary · 4 co-sponsors
Sponsors
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