The Minnesota Department of Health contracts with the Minnesota Department of Commerce to review all financial statements, annual reports, and select premium rates for all managed care entities that we regulate. These products include individual (non-group) plans, conversion plans, small employer plans and Medicare related plans. We review for compliance with applicable state laws governing loss ratios, index rates, claims, community rating and actuarial justification. An HMO cannot market a health plan or charge a premium without approval from the Minnesota Department of Health.

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Most Recent Financial Examination:

2013 Statement of Revenue, Expenses & Net Income #1 and #1a:

Updated Thursday, May 29, 2014 at 03:57PM April 2014