Updated:
Original:

More people are getting financial help buying health insurance, MNsure says

Author:

Seven out of every 10 people who have bought health insurance through MNsure this month qualified for financial help that's only available through the marketplace.

The state-run health insurance exchange said Monday 6,864 people have enrolled in qualified health plans through Nov. 17 – and of those, 72 percent are eligible for what's called the "advanced premium tax credit."

That compares to about 55 percent of those enrollees last year, MNsure says.

The "advance premium tax credit" is only available if you get a plan through MNsure, and it's based on income and family size. People who are eligible (see a chart here) can choose to get the credit in advance, which makes the monthly insurance premium cheaper; or apply it all at once when filing for a federal tax return, the MNsure website explains.

Heading into open enrollment, MNsure touted the tax credits as a reason to go through the exchange (rather than buying directly from insurers; this does not affect health insurance you get through an employer.)

MNsure also said more people would qualify this year – partly because monthly premiums were expected to go up on average.

“For weeks we have been saying that MNsure is the only place to compare plans side-by-side and to qualify for financial help that can lessen or even eliminate large premium increases," MNsure CEO Allison O’Toole said in the news release. "I believe these enrollment numbers show that Minnesotans are getting the message and are taking advantage of all the benefits available to them through MNsure.”

If you want a rundown on how insurance and MNsure works, check out these five tips and explanations.

More enrollment numbers

O’Toole also said open enrollment – going on since Nov. 2 – has been "strong and stable."

A total of 23,181 Minnesotans have signed up through MNsure. In addition to the 6,864 people who have qualified health plans, another 5,091 qualified for MinnesotaCare, and another 11,226 for Medical Assistance. Plus, 363 added qualified plan dental coverage.

MinnesotaCare and Medical Assistance help provide health insurance for thousands of lower-income Minnesotans – click here for more info.

Open enrollment runs through Jan. 31.

Next Up

moose minnesota usfws - flickr

MN homeowner mistakes large tent for dead moose

They spotted two people on a security camera dragging the "moose" across a driveway.

Flickr - minneapolis police officer close-up belt camera - Tony Webster

What happens if Mpls. public safety question passes? City memo provides answers

The memo was sent to the mayor and council members Tuesday morning.

Wild

COVID-19 hits Minnesota Wild coaching staff

The Wild will be shorthanded for Tuesday night's game in Vancouver.

Anthony Edwards

Ant takes alpha role after bad loss: 'We need to lock the f*** in'

The Timberwolves' rising star was not happy after Monday's loss to the Pelicans.

parker eisinger

Lakeville football player diagnosed with cancer week before playoffs

The tenth-grader was diagnosed with a form of cancer most commonly found in people aged 65 and older.

University of Minnesota peeping tom suspect

Someone keeps trying to film showering women at U of M

The university has received three reports in the past two weeks.

john Fluevog shoes 1

John Fluevog Shoes closes its Uptown Minneapolis store

The brand could return to the Twin Cities one day.

sidecar drink

Sidecar — Town Hall's new cocktail lounge — is officially open in Minneapolis

It's the fifth Town Hall location, but the first to focus on cocktails.

Screen Shot 2019-07-18 at 9.10.30 AM

Here's where DFLers stand on Minneapolis' public safety ballot question

The question would create a Department of Public Safety and remove some requirements.

Arthur Kollie

Man pleads guilty to brutal murder of 14-year-old girl in Fargo

The 14-year-old girl was the victim of a random attack outside a Fargo strip mall.

Minneapolis Mayoral Candidates 2021 - jacob frey sheila nezhad kate knuth

Here's who has endorsed the frontrunners for Minneapolis mayor

Politicians and community groups are voicing their opinions.

Related

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.