ROCHESTER, Minn.—Individuals and families in southeastern Minnesota are poised to save hundreds of dollars on monthly premiums next year when they purchase health coverage and take advantage of premium tax credits only available through MNsure. At a press conference in Rochester today, MNsure CEO Nate Clark shared the news that tax credits in southeastern Minnesota are going up by $120/month, on average, in 2023 for eligible households in the 10-county area including Dodge, Fillmore, Freeborn, Goodhue, Houston, Mower, Olmsted, Steele, Wabasha and Winona counties.
On average, eligible households in southeastern Minnesota are projected to save $860/month, or about $10,320/year, thanks to the larger tax credits in 2023. In other words, eligible Minnesotans will pay about 10% less on premiums next year than they pay currently, and that can mean big savings for the small business owners, gig workers, farmers and other Minnesotans that MNsure serves.
Starting Tuesday, November 1, 2022, Minnesotans can enroll in comprehensive medical and dental coverage for 2023 and access exclusive savings that lower the cost of monthly premiums through MNsure, Minnesota’s health insurance marketplace.
Now in its tenth year of serving Minnesotans, MNsure is the trusted source to find health plans that meet the needs and budgets of Minnesotans. MNsure’s open enrollment period will run from November 1, 2022, through January 15, 2023. Open enrollment is the annual opportunity for Minnesotans to compare options, sign up for health coverage, or change plans.
“We’re looking forward to helping many new families enroll in coverage through MNsure for the first time this year,” said MNsure CEO Nate Clark. “If you’ve thought MNsure doesn’t have anything to offer your family because you didn’t qualify for tax credits before, now is the time to take another look. New federal rules have changed who’s eligible for savings and now more Minnesotans will be able to access tax credits that will lower premium costs by $560/month, on average, in 2023.”
This open enrollment season, be on the lookout for online scams targeting Minnesotans who need health insurance. MNsure’s open enrollment period runs from November 1, 2022, through January 15, 2023. Scammers take advantage of this opportunity to try to trick Minnesotans into purchasing products that do not provide comprehensive coverage
For example, if you search for MNsure online, you may see ads or websites that appear to be the official MNsure website but are not. Some of these sites collect your contact information and may bombard you with phone calls. Scammers also may claim they can find you a better plan for less money or threaten that your coverage will be discontinued if you don’t re-enroll.
Here are three tips to verify you’re working with MNsure and purchasing comprehensive health care coverage:
ST. PAUL, Minn.—Minnesotans who need health insurance can now shop and compare medical and dental plans for 2023 through MNsure, Minnesota's health insurance marketplace. MNsure's open enrollment period starts November 1 and runs through January 15, 2023, but Minnesotans can use MNsure's plan comparison tool this month to check out their options and get a cost estimate so they are ready to sign up for coverage when open enrollment begins.
"There is great news for Minnesotans shopping for 2023 health coverage through MNsure," said MNsure CEO Nate Clark. "With larger tax credits available for more Minnesotans, we estimate Minnesota families will save an average $560/month ($6,700/year) when they buy coverage and access financial help that's only available through MNsure."
Every year, the Minnesota Department of Commerce conducts a thorough review of the rates and plans proposed by health insurance companies in the individual and small group markets. Commerce must approve the rates before the companies can offer them to consumers. Under state law, rates for the following calendar year must be released 30 days prior to the beginning of open enrollment.
Individual health plans are designed for Minnesotans who buy their own coverage rather than receiving it through employer-based insurance or public programs such as Medicare, Medical Assistance and MinnesotaCare. Small group health plans are designed for employers with two to 50 workers.
Commerce may deny proposed rates or require insurers to raise or lower them if the department determines that they are excessive or inadequate for the benefits offered.
Minnesotans Will Save $560/month, On Average, On 2023 Coverage with Tax Credits Through MNsure
ST. PAUL, Minn.—Starting November 1, Minnesotans looking for health coverage for 2023 can shop and compare plans and save money through MNsure, Minnesota’s health insurance marketplace. Now that final rates are available from the Minnesota Department of Commerce, MNsure has new estimates for how much Minnesotans will actually pay for health premiums in 2023—and it’s about 3.5% less than 2022. Eligible Minnesotans are poised to save big on their monthly premiums by taking advantage of tax credits only available through MNsure.
“MNsure projects Minnesota families will save $560 per month, on average, when they enroll in 2023 coverage through MNsure,” said MNsure CEO Nate Clark. “When they buy coverage through MNsure, Minnesotans will have a range of comprehensive health plans to choose from and access to enhanced tax credits that aren’t available anywhere else.”
ST. PAUL, Minn. — When Minnesota’s open enrollment period starts November 1, Minnesotans who need health insurance can find walk-in assistance from a broker at 18 locations, known as broker enrollment centers. Thanks to new partnerships between MNsure and competitively selected insurance agencies, this expert help is provided free of cost to Minnesotans.
Finding the right health insurance can feel complex and overwhelming, especially for first-time applicants. Taking advantage of free, personalized help from a health insurance expert can make the enrollment process easier and less time-consuming than trying to go it alone, whether applying for the first time, changing plans, or renewing coverage.
ST. PAUL, Minn. — Today, MNsure, Minnesota’s health insurance marketplace, announced over $4.2 million in grant awards to 22 organizations to support increased outreach and enrollment help in communities across the state. All 22 organizations employ MNsure-certified “navigators” — local experts who offer free application and enrollment assistance to Minnesotans who need health insurance.
Navigators provide crucial support for consumers by answering questions and guiding them through the application and enrollment process from start to finish, completely free of cost. Working with a navigator can reduce barriers to getting or maintaining health coverage such as a lack of comfort using technology, unreliable internet access, limited English proficiency, or unfamiliarity with health insurance terms.
ST. PAUL, Minn.—Today, President Biden signed into law a sweeping investment in health care affordability for Americans that will help keep health care costs in check for over 70,000 Minnesotans.
The new federal legislation, called the Inflation Reduction Act, extends enhanced subsidies for private health plans purchased through MNsure, Minnesota’s health insurance marketplace. First introduced in 2021 as part of the American Rescue Plan, the enhanced subsidies made existing tax credits more generous and expanded eligibility for tax credits to include more middle-income families. The average annual savings for MNsure enrollees is $6,100 per household for 2022.
The bad news is they don't include the number of enrollees for each carrier, and even the SERFF database filings don't include that information...yet. Fortunately, MNsure does provide a carrier breakout of the individual market...but this only includes on-exchange enrollment, which means PreferredOne (which only offers ACA plans off-exchange) isn't listed, nor are any off-exchange enrollees for the other five exchange carriers.
As for the small group market, the most recent hard enrollment data I have for that is from 2021, which means it's likely not terribly accurate anymore (especially since PreferredOne appears to be dropping out of the MN small group market entirely next year). In addition, UnitedHealthcare scrapped all of their sm. group offerings last year and replaced them with new ones, so I have no clue how many enrollees they have at the moment.
