SAINT PAUL, Minn. – Today, MNSure, Minnesota’s health insurance exchange, announced expanded eligibility for premium tax credits for individuals who purchase health insurance on the private market. Changes under the federal American Rescue Plan are now in effect, so Minnesotans with incomes previously too high to qualify for tax credits will be able to find a plan for no more than 8.5% of their household income. For example, individuals earning more than $51,040 a year or families of four earning more than $104,800 a year can now save money on health insurance premiums.
“For too many Minnesotans, health insurance premiums been unaffordable. I hope these Minnesotans will take a new look at their options on MNsure,” said Rep. Tina Liebling (DFL – Rochester), Chair of the House Health Committee. “After a difficult year due to COVID-19, this change will be very welcome for those who buy their insurance on the individual market. Thank you to President Biden and Democrats in Congress for their leadership to help more Minnesotans get covered.”
So far, over 9,600 Minnesotans have enrolled through MNsure’s special enrollment period, which began on February 16 and ends on July 16. The special enrollment period is open to those who are uninsured or insured through a plan outside of MNsure. Private plans from Blue Cross Blue Shield, HealthPartners, Medica, Quartz and UCare are available.
Minnesotans can take advantage of valuable premium tax credits only when they shop, compare, and enroll into plans on MNsure. A network of expert assisters is available for those who need help finding a plan. Answers to frequently asked questions about the American Rescue Plan are also available on MNsure’s website.