Scope

• The scope of Minnesota insurance law primarily involves health and vehicle insurance. Health insurance, as in other states, covers a portion of medical costs incurred by an individual or family. Vehicle insurance covers costs of damage done to persons or vehicles in the case of an accident.
  
  

Variations

• As of 2010, Minnesota law does not mandate residents have health insurance. This will change, however, in 2014, when the federal Affordable Health Care Act takes effect in Minnesota.
  
  Minnesota law does require that every resident driver purchase liability insurance for his registered vehicles. This covers any injury done to another person in the case of an accident.
  
  

Considerations

• While Minnesota insurance law does not yet mandate that an individual have health insurance, if an employer offers health insurance, the insurance plan offered must cover certain conditions, such as maternity care, diabetes and Lyme disease.
  
  In 2005, however, state law allowed for a "flexible benefits plan" which could be utilized by small businesses. This reduced the amount of covered conditions required for an employer's insurance plan, which reduced premium cost.