This bill amends Minnesota Statutes 2024, section 256B.0571, subdivision 6, to expand the definition of "partnership policy" within the Minnesota partnership for long-term care program. The new language specifies that a partnership policy now includes long-term care insurance policies sold prior to July 1, 2015, that offer inflation protection between one and three percent. This change aims to broaden the eligibility criteria for long-term care insurance policies that can be considered partnership policies.

Additionally, the bill establishes an effective date for this amendment, stating that it will take effect on January 1, 2027, or upon federal approval, whichever occurs later. The commissioner of human services is tasked with notifying the revisor of statutes once federal approval is obtained, ensuring that the implementation of this expanded definition aligns with federal regulations.

Statutes affected:
Introduction: 256B.0571