The HMO Premium Tax applies to gross premiums written by health maintenance organizations and other similar organizations.
Who Must File
All health maintenance organizations, nonprofit health service plan corporations, and community integrated service networks licensed by the Minnesota Department of Commerce must file the HMO Premium Tax. You must file a return even if you write no business in the tax period.
The tax rate for the HMO Premium Tax is 1 percent of gross premiums.
You must report HMO Premium Tax by March 1 for the prior calendar year. If you owed more than $500 for the last tax year, you must make quarterly estimated payments on March 15, June 15, Sept. 15 and Dec. 15.
Each estimated payment must equal at least 25 percent of the prior year’s tax liability, or 20 percent of the current year’s tax liability.
Filing and Payment
This tax must be filed by paper, but can be paid electronically through our e-Services system.
All health maintenance organizations, nonprofit health service plan corporations, and community integrated service networks must file Form M11H, Insurance Premium Tax Return for HMOs, by March 1 for the prior calendar year.
If making your estimated payments by check, you must include Voucher M27, HMO Insurance Premium Estimated Tax Payment. If making your return payment by check, you must include Voucher PV52, HMO Insurance Premium Tax Return Payment. If you pay electronically or have no payment to make, do not send either voucher.