MN | The Minnesota Department of Commerce’s application to extend the state’s reinsurance program under the Affordable Care Act has been approved for another 5 years by the U.S. Departments of Health & Human Services and Treasury. The reinsurance program, or Minnesota’s Premium Security Plan, reduces premiums and increases the affordability of health insurance for people who buy insurance on their own. The application extends Minnesota’s State Innovation Waiver, referred to as a “Section 1332 Waiver,” for Plan Years 2023 to 2027.
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