Open enrollment for individuals and families who want to purchase private insurance through MNsure ends March 31. If you want to take advantage of the state’s health insurance exchange, you need to act quickly!
MNsure is Minnesota’s online marketplace where individuals and small businesses can shop for, compare and enroll in insurance. As of January of this year, the federal Affordable Care Act requires nearly all U.S. residents to have health insurance or pay a penalty, and here are two reasons why people should use MNsure to get insured – low premiums and tax credits.
Minnesotans looking for health insurance through MNsure will find the lowest average premiums in the nation.
You’re not required to get health insurance through MNsure. However, MNsure is the only way to access federal tax credits that reduce the cost of premiums. Individuals without other qualifying insurance with incomes below 400 percent of the federal poverty level ($45,960 for an individual, or $94,200 for a family of four) may qualify for federal premium tax credits to lower the cost of coverage.
For more information about both private and public insurance options, federal tax credits and cost-sharing assistance available through MNsure, check out our paper.
There is also more information available on the MNsure website, or through its toll-free hotline at 1-855-3MNSURE (1-855-366-7873). Don’t delay if you want to enroll!