SF 2460 requires the Commissioner of Commerce to seek federal approval to offer an alternative enrollment period for individual health plans.
Sections 1 to 3 (256L.01, sudb. 5; 256L.04, subd. 7a; and 256L.05, subd. 3a) modifies the current enrollment renewal periods for MinnesotaCare by requiring renewal once every 12 months from the month of the application.
Section 4 requires the Commissioner of Commerce to seek federal approval to allow Minnesota to replace the required open enrollment period established under the Affordable Care Act with an alternative enrollment process that would permit an individual once enrolled in an individual health plan to enroll in a new individual health plan or renew their current individual health plan coverage 12 months after the initial individual health plan date of issuance.
Paragraph (b) requires the new enrollment period to be limited to a specific time period and that the special open enrollment periods as defined under the Affordable Care Act shall continue to apply.
Paragraph (c) requires the premium rates to be made public 30 days prior to the first day of the alternative open enrollment period.
Paragraph (d) requires the commissioners to inform the legislature when federal approval is granted or denied and if granted to submit draft legislation implementing the changes.
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