Health care sharing arrangements required to report annually.

HF 2588 requires health care sharing arrangements (non-insurance entities that help members pay medical costs) to submit detailed annual reports to Minnesota's Department of Commerce. These reports, due October 1 each year, must include participant counts, financial data (like fees collected and administrative costs), covered benefits, exclusions (including preexisting conditions), provider lists, and eligibility requirements. The Department of Commerce must then publish a summary of this data by December 1 annually. This bill directly affects Minnesota residents enrolled in such arrangements and aims to increase transparency about how these non-insurance plans operate.