Senate File 1 passed the Minnesota State Senate during the week of January 9. Next stop is HF 1, which will be passed the week of January 16 - and then a conference committee.
SF 1 provides premium subsidies for certain non-APTC enrollees in individual health plans.
A bill summary is in the adjoining article.
HF 1 differs from SF 1. The most current version can be access here.
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Or call my office at 651.340.1911
Useful information, data, links for Minnesota's licensed health insurance agents, brokers, and consultants. Information will be added as updates are needed.
This is a short highlight of what’s in SF 1. I am concerned that the GOP might be willing to pull out the insurance reforms in order to get Governor Dayton to sign the subsidy relief. That, in my opinion, would be a mistake. The Governor is desperate to take credit for premium relief – ask the GOP to use the leverage of the moment to persuade him to sign the entire bill as passed.
SF 1 Highlights (remember, this is all subject to a conference committee where anything and everything can change):
Premium assistance for 2017. Effective as soon as passed.
Minnesota residents who purchase qualified coverage for 2017, and meet certain income eligibility, and who are not receiving APTC. NOTE: The subsidy is a percentage of premium (see end comments).
The individual applies to the commissioner no later than 1/31/2018.
Carriers verify the applicant’s info and make app forms available on their websites.
The subsidies are:
The state spends a total of $300,157,000, of which $285 million is for subsidies. 6.7% is allocated for admin.
Agents, brokers, and consultants on my contact lists have been asking me how they could support my work. (Much of what I do for agents has been voluntary, but without support, I cannot keep it up.)
I don't have membership fees, and I have no real idea about the value of what I do is for you. But several agents, in the past, have sent $500 one time - others have sent $100 a month, or $50 a month. Fact is, many agents sending something works best.
So ponder the value of my work to you and decide how you can help.
Checks can be made payable and mailed to:
c/o Dave Racer
1536 Barclay Street, Ste A-1
St Paul MN 55106-1406
To use a credit or debit card (you choose the dollar amount):
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