Minnesota Health Insurance Marketplace Exchange
Minnesota’s state-run exchange, MN Health Insurance Marketplace Exchange (MNsure), has four participating insurance companies, and more than 117,000 individual market enrollees as of 2020.
Due to the COVID-19 pandemic, the state-run exchange, MNsure joined most of the other state-run exchanges in providing a special enrollment period during which uninsured individuals could enroll in a health plan.
MNsure’s special enrollment period started on March 23 and continued through April 21. Almost 9,500 Minnesota residents enrolled in private health insurance plans through MNsure during this window, including another 13,700 who enrolled in MinnesotaCare or Medicaid (enrolment in those programs is open year-round for qualified residents).
MN Health Insurance Marketplace
MN Health Insurance Exchange is part of the healthcare law that got into effect on January 1, 2014. Beginning2014, every resident of Minnesotan was required to carry health insurance. The MN Health Insurance Marketplace Exchange (MNSure) is a marketplace for people and families to shop for their health insurance plans. In MN, you will be allowed to use a health insurance broker to assist you in comparing policies and buying insurance with no extra cost for the assistance. More than 25% of all Minnesota residents are expected to get their insurance through the MN Health Insurance Exchange.
At MN Health Insurance Network, we will be here to assist you in navigating the complex world of health insurance so you and your family can get the best health insurance plan at an affordable price. MN Health Insurance Network has MNSure certified navigators to help you select the best plans for you and your family. We can help you compare cost and coverage from all of Minnesota’s major health insurance companies: BCBS MN, Medica, HealthPartners, PreferredOne, and UCare.
Will You Be Forced to Use the New MN Health Insurance Exchange to Purchase Your Health Insurance Plan?
No! No one will be forced to use the marketplace exchange to buy health insurance, and you can continue to use an insurance broker if you opt for. Nevertheless, for individuals and families with lower incomes (from 138 to 400% of the poverty level), the only way to take advantage of the sliding scale and receive lower rates will be to utilize the health insurance exchange marketplace. The sliding scale is set up in a way where the less income you make, the less you will pay for health insurance plans.
The MN Health Insurance Exchange, together with other MNSure certified advisors (MN Health Insurance Network and its brokers are certified MNSure Advisors), will help individuals and families find the most cost-effective health insurance plans. Whether platinum, gold, silver or bronze health insurance plans are the best for you and will be there to assess and compare plans and costs. Contact us or visit our website to learn more.
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