Minnesotans have a little bit more time to sign up for health insurance coverage.
MNsure wants to give people more time to benefit from the new law, which was signed with only five days remaining in the open enrollment period. It grants an automatic 25 percent discount in health insurance premiums for the 125,000 or so Minnesotans who buy health insurance through MNsure, but make too much money to qualify for tax credits that bring down the cost.
"This is good news for Minnesotans," MNsure CEO Allison O'Toole said in the release. "Given how close enactment of the premium relief bill was to the deadline for open enrollment we believe Minnesotans needed more time to benefit from this important opportunity to lower their monthly health insurance bill by 25 percent."
The open enrollment period was scheduled to end on Jan. 31; the extension now pushes the deadline back to Feb. 8.
People who purchase health insurance during this special enrollment period (from Feb. 1-8) will be covered starting on March 1.
The new discount only applies to people who purchase insurance on the individual market – so via MNsure or directly from an insurance company. It does not apply to Minnesotans who get their coverage through the MinnesotaCare or Medical Assistance programs.
For more information or to enroll for coverage, head to the MNsure website.