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.

Financial examinations are available on Commerce Actions and Regulatory Documents Search (CARDS). Select “Insurance Financial Examinations” under Area of Interest, then select the health plan under Company.

Financial, Quality & Enrollment Reports

For more information, email health.mcs@state.mn.us.