This bill establishes new reporting requirements for health care sharing arrangements in Minnesota, as outlined in a new section of the Minnesota Statutes, chapter 62A. It defines key terms such as "health care sharing arrangement" and "participant," and mandates that these arrangements submit an annual report to the commissioner of commerce by October 1, 2025, and by March 1 each subsequent year. The report must include detailed information about the number of participants, employer groups, health care providers, financial data, benefits covered, exclusions, eligibility requirements, and marketing contacts, among other specifics.

Additionally, the Department of Commerce is required to publish a summary of the collected information by December 1, 2025, and annually thereafter, along with guidance for consumers on how to file complaints regarding these arrangements. This legislation aims to enhance transparency and accountability in health care sharing arrangements, ensuring that participants have access to critical information about their coverage and the operations of these organizations.