Half the people who bought MNsure health plans are getting more money back

The average tax credit is about three times what it was last year, but premiums are a lot more expensive.

The average health insurance tax credit people are getting through MNsure is a lot higher this year.

The average monthly subsidy has jumped to $637 for 2017, MNsure said Tuesday. That's nearly three times more than the $210 monthly tax credit people who bought individual plans through the health insurance exchange got last year.

More than half (57 percent) of people who have enrolled in coverage through MNsure for next year are eligible for some type of tax credit, MNsure notes. Tax credits are immediate discounts on the health insurance premiums people pay monthly, and the average subsidy for next year is increasing because premiums are getting a lot more expensive.

"Premiums are higher, but so are tax credits available through MNsure, so Minnesotans need to shop to see if they can find affordable health coverage," Allison O’Toole, the CEO of MNsure, said in the news release.

"For many of our customers, we’re seeing that the amount of their tax credit is significantly or completely offsetting the amount of their premium increase."

Tax credits are based on income levels. Individuals who earn up to $47,520 or families of four who earn up to $97,200 per year are eligible for subsidies when buying insurance on the individual market (about 250,000 Minnesotans buy this kind of coverage through MNsure or directly from insurers).

MNsure says 29,783 Minnesotans have bought insurance through MNsure since open enrollment began Nov. 1. For those looking for coverage starting Jan. 1, 2017, the deadline to enroll is Dec. 15. (Enroll online here.)

For more information on how to save money through MNsure, click here.

Next Up

Sergio Romo

Twins decline 2021 option on Sergio Romo

The Twins begin a potential overhaul in the bullpen.

high school football

'Scalpel approach' gives MN schools chance to keep playing sports

County infection rates are no longer the only thing that matters.


With the help of HVAC, Circus Juventas will host its first holiday shows

After months of canceled classes and shows, Circus Juventas is hosting its first ever holiday show, with safety precautions.

Cameron Dantzler

Vikings send Cameron Dantzler to COVID-19/reserve list

Dantzler's placement leaves the Vikings paper-thin at cornerback heading into Green Bay.

peterson fischbach

Elections 2020 preview: 7th Congressional District

Will Collin Peterson hang on for yet another term?

Zimmer and Hunter

Zimmer explains why he called Hunter's neck injury a 'tweak'

The coach also said Dalvin Cook should return from injury this week.


60 charged in magazine scam that netted $300M

It's being called the largest elder fraud scheme in the country.

Screen Shot 2020-10-28 at 10.30.23 AM

The Star Tribune is shutting down City Pages

The free newspaper was bought by the Star Tribune in 2015.

billy's on grand

Coronavirus: Billy's on Grand will close for winter

The restaurant is among a growing list of eateries to close for the winter months.