About MCHA

With the enactment of Minnesota Laws 2017, Chapter 13, the Minnesota legislature established a new requirement for the Minnesota Comprehensive Health Association (MCHA) to administer Minnesota’s reinsurance program, the Minnesota Premium Security Plan (MPSP).

The MPSP is contingent upon the Commissioner of Commerce applying for and approval of a State Innovation Waiver by the Federal Centers for Medicare and Medicaid Services (CMS). The Commissioner must submit the waiver request on or before June 15, 2017. A draft copy of the application must be made available for public review and comment by May 15, 2017.

The reinsurance payment parameters of the MPSP are to:

• Stabilize or reduce premium rates in Minnesota’s individual health insurance market;
• Increase participation in the individual market;
• Improve access to health care providers and services for those in the individual market;
• Mitigate the impact high-risk individuals have on premium rates in the individual market.

In doing this, MCHA must take into account any federal funding available for the Plan and the total amount of funds available to fund the Plan.