Cost defrayal to health plan companies for additional benefits by the commissioner of commerce requirement

This bill requires Minnesota's commissioner of commerce to reimburse health plan companies for increased costs when state-mandated health benefits raise per-member monthly expenses. It applies specifically to companies offering coverage in individual, small group, and large group markets. The commissioner must pay affected companies within 60 days of receiving their cost statements, using funds from a designated state account. The law takes effect January 1, 2026, for all new mandated health benefit proposals enacted after that date.