HF 3388 Minnesota House · 2025-2026 Regular Session

Reinsurance assessment authority extended.

HF 3388 extends Minnesota's reinsurance assessment authority for group health carriers operating under the state's premium security plan. It requires carriers to pay annual assessments based on their share of group health plan premiums from the previous benefit year, with funds collected to support reinsurance payments that stabilize health insurance costs. The bill includes provisions allowing carriers to request payment deferrals if facing financial hardship, while ensuring deferred amounts are proportionally adjusted across other carriers. This extension ensures the ongoing operation of Minnesota's premium security plan, which helps control premium rates in the individual health insurance market.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
Governor
Introduced Feb 17, 2026 Last action Feb 17, 2026
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Feb 17, 2026
Introduced
Introduction and first reading, referred to Commerce Finance and Policy
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Tim O'Driscoll
Tim O'Driscoll
RRepublican
MN
13B