Over 150k Minnesotans have signed up for health insurance since November 1
ST. PAUL, Minn.—Following last year’s incredible enrollment success, MNsure is pleased to report yet another new record for health insurance sign-ups in Minnesota.
Between November 1 and the first deadline (December 18), 151,098 Minnesotans used MNsure.org to sign up for qualified health plans. This represents a 14% increase in private health plan sign-ups compared to the same time last year.
This is excellent news, however, as happens every year with MNsure, it comes with a big caveat.
ST. PAUL, Minn. — Minnesotans who need health insurance have just one week left to enroll in a full year of coverage through MNsure, Minnesota’s official health insurance marketplace.
Wednesday, December 18, is the deadline to enroll for coverage starting January 1. For Minnesotans who sign up December 19 – January 15, 2025, coverage will start on February 1 instead.
“Shopping for a health insurance plan at MNsure.org is the best way to ensure you get all the savings you’re eligible for and high-quality, comprehensive coverage for 2025,”said MNsure CEO Libby Caulum. “We’re here to serve Minnesotans. Plans sold elsewhere may not cover the same health benefits or include the important consumer protections that are guaranteed with all plans sold through the MNsure marketplace.”
It was in early 2021 that Congressional Democrats passed & President Biden signed the American Rescue Plan Act (ARPA), which among other things dramatically expanded & enhanced the original premium subsidy formula of the Affordable Care Act, finally bringing the financial aid sliding income scale up to the level it should have been in the first place over a decade earlier.
In addition to beefing up the subsidies along the entire 100 - 400% Federal Poverty Level (FPL) income scale, the ARPA also eliminated the much-maligned "Subsidy Cliff" at 400% FPL, wherein a household earning even $1 more than that had all premium subsidies cut off immediately, requiring middle-class families to pay full price for individual market health insurance policies.
Here's what the original ACA premium subsidy formula looked like compared to the current, enhanced subsidy formula:
ST. PAUL, Minn.—Minnesotans who need health insurance for 2025 can get an early start on health plan shopping through MNsure. Consumers can go to MNsure.org to preview 2025 health plans and get a free and anonymous cost estimate ahead of MNsure’s annual open enrollment period, beginning November 1.
“With just three key pieces of information — where you live, who is in your household, and your total household income — you can get an immediate estimate of how much money you could save in 2025 by enrolling through MNsure,” said MNsure CEO Libby Caulum. “We estimate eligible Minnesota families will save an average of $561 per month (over $6,700/year) on private health plans purchased through MNsure.”
The summary table below provides an overview of proposed average rate changes for plan year 2025 in the individual health insurance market as reported by the insurers.
It is important to note that while these are initial rates as proposed and filed, rates are subject to review by the Departments of Commerce and Health. Final approved rates may vary from these proposed rates for many reasons.
Proposed rates do not reflect the impact of federal premium tax credits that are available to eligible Minnesotans who purchase their coverage through MNsure.
Additionally, the change in actual premium a consumer will pay in 2025 can vary from the proposed average change due to factors such as the specific plan selected, geographic rating area and age.
Small Group Market Proposed Average Rate Changes for Plan Year 2025
Governor Tim Walz today announced that a record number of Minnesotans signed up for private health insurance plans using MNsure, Minnesota’s official health insurance marketplace. At the close of MNsure’s annual open enrollment period on January 15, 146,445 people had successfully signed up for private health plans for 2024.
It's important to note that the way Minnesota reports "signups" has consistently been a bit higher than what the Centers for Medicare & Medicaid Services (CMS) states in their official Open Enrollment Reports. I've never been quite sure whether MNsure lumps in small group market QHPs (SHOP plans) or if it's just some weird clerical methodology issue, but year after year, the CMS report is always around 8-9% lower than what MNsure reports.
For instance, last year, MNsure reported their official QHP enrollment total as 129,537 people...but CMS reported it as just 118,431 (8.6% lower).
Take the first step towards your health goals and start the new year off right by signing up for health insurance through MNsure, Minnesota’s official health insurance marketplace. January 15, 2024, is the last day of MNsure’s open enrollment period and the final deadline to enroll in medical and dental coverage that begins on February 1.
Comprehensive health insurance helps you get the health care you need throughout the year and provides financial protection from unexpected injury or illness. When you buy a plan through MNsure, you can be sure you’re getting quality, comprehensive insurance and not a “junk plan” that provides little or no coverage when you need it most. That’s because every plan sold through MNsure is guaranteed to cover essential health benefits including prescription drugs, emergency services, and hospitalization.
More Than 132k Minnesotans Will Have a Full Year of Quality, Comprehensive Health Insurance in 2024
A new early sign-up record as MNsure celebrates its ten-year anniversary
ST. PAUL, Minn.—MNsure is pleased to report that 132,789 Minnesotans signed up for 2024 health insurance through Minnesota’s official health insurance marketplace between November 1 and December 15, 2023.
“Over 132,000 Minnesotans will welcome the new year with the peace of mind and security of a full year of high-quality, comprehensive coverage through MNsure,” said MNsure CEO Libby Caulum.
This incredible start to MNsure’s annual enrollment period sets a new early enrollment record for the marketplace. Private health plan sign-ups have increased by 11% compared to the same time last year. With enhanced federal tax credits available only through MNsure, eligible families will save $6,750 in 2024, on average, and spend 5% less on private health plan premiums than they did this year.
ST. PAUL, Minn. — MNsure, Minnesota’s official health insurance marketplace, is encouraging Minnesotans who need health insurance for 2024 to finish their enrollment now and not wait for the last days before the December 15 deadline to sign up. MNsure’s Contact Center is open Saturday, December 9, from 9 a.m. to 1 p.m. and Saturdays historically have lower call volumes and shorter wait times.
“Comprehensive coverage through MNsure helps protect your family from the unexpected, like high medical bills from an illness you can’t anticipate,” said MNsure CEO Libby Caulum. “Signing up for a full year of health insurance through MNsure today is one of the greatest gifts you can give your family.”
ST. PAUL, Minn.—MNsure’s open enrollment period starts today and runs through January 15, 2024. Open enrollment is the annual opportunity for Minnesotans who need health insurance to shop and compare their options for 2024, sign up for coverage, or change plans through MNsure, Minnesota’s health insurance marketplace.
For over ten years, MNsure has served tens of thousands of Minnesotans who are self-employed or gig workers, entrepreneurs and small business owners, farmers, early retirees who don’t yet qualify for Medicare, and those who don’t have access to affordable health insurance through their jobs. MNsure has delivered nearly $2 billion in health care savings to Minnesotans since 2013 and is the trusted source for families looking for medical and dental plans that meet their needs and budgets.
