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.
Author:
Updated:
Original:

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

protest, Daunte Wright

LIVE UPDATES: Protesters, police clash in Brooklyn Center

Tracking Monday night's clashing between law enforcement and demonstrators.

Tim Gannon

Brooklyn Center recommends firing police chief and officer who shot Daunte Wright

The new acting city manager will make the decision on Tuesday.

Screen Shot 2021-04-12 at 8.54.21 PM

Cop who fatally shot Daunte Wright identified as Kim Potter

She is a 26-year veteran on the police force.

Screen Shot 2021-04-12 at 6.36.53 PM

Chauvin trial: Cardiologist among witnesses as prosecution draws to close

Judge Peter Cahill also rejected the defense's motion to sequester the jury on Monday following a fatal police shooting in Brooklyn Center.

Screen Shot 2021-04-12 at 8.27.03 AM

Medical examiner: Wright died of gunshot wound to the chest

The 20-year-old was killed by a police officer on Sunday, April 11.

Screen Shot 2021-04-12 at 5.44.29 PM

Brooklyn Center fires city manager following Daunte Wright killing

The mayor has taken swift action after being granted extra powers by the city council on Monday.

Brooklyn Center unrest

National Guard presence in Twin Cities to double; 25-30 arrested on Sunday

Gov. Tim Walz said it's 'devastating and heartbreaking that we're here once again' following the killing of Daunte Wright.

Tim Gannon

Brooklyn Center police chief: 'Once we got pelted, we responded in kind'

The police presence will be enhanced Monday and beyond.

Screen Shot 2021-04-12 at 12.05.47 PM

Chief: Officer who killed Daunte Wright meant to use Taser, pulled gun by mistake

Chief Tim Gannon provided the update as Brooklyn Center PD released bodycam footage of Daunte Wright's death.

Related

MNsure enrollment closes: Here's how many people bought plans

Nearly two-thirds of people who bought insurance through MNsure got a tax credit.

Yep, health plans you buy on your own or through MNsure are more expensive

Earlier this month, we told you health plans you buy on your own or through MNsure might get a lot pricier. That is not longer a "might."

Hospital bed

MNsure health plan rates remain stable in 2020

Welcome news for those who buy individual health insurance.

Minnesota's health plan rates confirmed for 2018

Some are going up, some are going down, but it would be worse if not for "reinsurance."