MCHA

The Minnesota Comprehensive Health Association (MCHA) is a nonprofit organization that administers the Minnesota Premium Security Plan (PSP). This role entails selecting and managing the vendors that calculate reinsurance payments to health insurers, legal counsel, accounting and other administrative support to the PSP and the Board and timely management of the PSP... Prior to the Affordable Care Act (ACA), MCHA played a different role in the individual health insurance market: managing the state's high-risk pool that provided coverage to individuals with preexisting conditions or other high-cost healthcare needs. The ACA eliminated states' high-risk pools as part of its broader elimination of coverage limits and open enrollment for those with preexisting conditions. However, people previously served by the high-risk pools still make up about 17 percent of Minnesota's individual insurance market.

Also known as: Minnesota Comprehensive Health Association

Primary location: Park United States