Some of its key provisions include:
o SF 3099 will develop a registration for Health Insurance Access Brokers. Any corporation selling insurance will be able to apply and act as an Access Broker. This will entail helping small businesses and individuals purchase health care insurance and set up Section 125 plans. MNCare enrollees above 200% of the FPG will be allowed to purchase the essential benefit set through this brokerage.
o SF 3099 establishes what is considered “affordable” for health care coverage. Health care costs consist of premiums, deductibles, and other out-of-pocket costs. For those individuals and families with incomes below 300% of the Federal Poverty Guidelines (FPG), the maximum amount of spending on health care costs would be on a sliding-scale basis, and would not exceed 7% of gross monthly household income.
o A subsidy program is also established to help employees whose health insurance costs exceed the established affordability standard.
o State funding would be provided for farmers applying to MNCare, pending federal approval which would reimburse state costs for this expense.