Premium subsidy program administered by MNsure established, sunset for Minnesota premium security plan provided, and money appropriated.

HF 2506 establishes a new premium subsidy program administered by MNsure, providing a 20% subsidy on monthly gross premiums for eligible individuals purchasing individual health insurance plans in Minnesota. This directly affects Minnesota residents enrolled in individual market plans who are not receiving federal advance premium tax credits or public coverage, as well as health insurance carriers that receive payments from MNsure. The program begins January 1, 2026, with MNsure paying health carriers directly for each eligible individual's coverage, excluding the subsidy from eligibility calculations for other state programs. The bill also ends the existing Minnesota Premium Security Plan (MPS) after December 31, 2025, and appropriates funds to support the new subsidy program.