62E.05 INFORMATION ON QUALIFIED PLANS.
245 words·~1 min read·
/mn/chapter-62/62e-05A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
62E.05 INFORMATION ON QUALIFIED PLANS.
§
Subdivision 1. Certification.
Upon application by an insurer, fraternal, or employer for certification of a plan of health coverage as a qualified plan or a qualified Medicare supplement plan for the purposes of sections 62E.01 to 62E.19 , the commissioner shall make a determination within 90 days as to whether the plan is qualified. All plans of health coverage, except Medicare supplement policies, shall be labeled as "qualified" or "nonqualified" on the front of the policy or contract, or on the schedule page.
All qualified plans shall indicate whether they are number one, two, or three coverage plans. For any policy of accident and health insurance subject to the requirements of the Affordable Care Act, as defined under section 62A.011, subdivision 1a , that is offered, sold, issued, or renewed on or after January 1, 2018, the requirements of this section do not apply.
§
Subd. 2. Annual report.
The state of Minnesota or any of its departments, agencies, programs, instrumentalities, or political subdivisions, shall report in writing to the association and to the commissioner of commerce no later than September 15 of each year regarding the number of persons and the amount of premiums, deductibles, co-payments, or coinsurance that it paid for on behalf of enrollees in the Comprehensive Health Association. This report must contain only summary information and must not include any individually identifiable data. The report must cover the 12-month period ending the preceding June 30.