Supplemental health insurance product establishment to cover short-term home health and nursing care

This bill creates a new type of supplemental health insurance product in Minnesota specifically designed to cover short-term home health and nursing care services. It directly affects insurance companies, consumers, and home health agencies by establishing a distinct category of coverage separate from long-term care insurance and other existing health products. The legislation defines key terms such as "short-term home health and nursing care insurance," "activities of daily living," and "cognitive impairment," while also setting requirements like a 30-day free-look period for policy cancellation. By amending existing insurance statutes, the bill clarifies regulatory boundaries and provides a framework for insurers to offer these specific short-term care benefits.