The bill aims to enhance access to mental health services for children by prohibiting health plan companies from requiring co-payments for mental health services provided to individuals under the age of 18. This new provision is codified under Minnesota Statutes, chapter 62Q, specifically designated as section 62Q.474. Additionally, it stipulates that high-deductible health plans associated with health savings accounts may impose a co-payment, but only at the minimum level necessary to maintain the enrollee's ability to make tax-exempt contributions and withdrawals, in accordance with federal tax regulations.

The effective date for this legislation is set for January 1, 2025, and it will apply to all health plans that are offered, issued, or renewed on or after that date. This initiative reflects a commitment to improving mental health care accessibility for children, ensuring that financial barriers do not hinder their access to necessary services.